Addus HomeCare Corporation (ADUS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,160,600 | 1,051,790 | 943,505 | 859,640 | 762,533 |
| Total assets | US$ in thousands | 1,412,630 | 1,024,430 | 937,994 | 947,585 | 892,582 |
| Total asset turnover | 0.82 | 1.03 | 1.01 | 0.91 | 0.85 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,160,600K ÷ $1,412,630K
= 0.82
Total asset turnover is a measure of how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is able to generate more revenue per dollar of assets.
Analyzing the total asset turnover of Addus HomeCare Corporation over the past five years reveals fluctuations in the company's asset utilization efficiency. In December 2020, the total asset turnover was 0.85, indicating that for every dollar of assets, the company generated $0.85 in revenue.
The total asset turnover ratio increased to 0.91 by December 2021, suggesting an improvement in asset utilization efficiency. This trend continued in the following years, with ratios of 1.01 in 2022 and 1.03 in 2023, indicating that the company was able to generate more revenue for each dollar of assets invested.
However, there was a decline in total asset turnover to 0.82 by December 2024, which could signal potential inefficiencies in asset utilization or changes in business operations impacting revenue generation.
Overall, the trend in Addus HomeCare Corporation's total asset turnover depicts fluctuations in asset efficiency over the five-year period, demonstrating the importance of monitoring and analyzing this ratio to assess the company's operational performance and financial health.
Peer comparison
Dec 31, 2024