Addus HomeCare Corporation (ADUS)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,158,256 | 1,131,206 | 1,109,629 | 1,080,856 | 1,051,791 | 1,022,325 | 991,801 | 968,399 | 943,504 | 921,874 | 898,854 | 880,430 | 859,640 | 832,331 | 810,463 | 777,659 | 762,842 | 759,222 | 735,551 | 700,648 |
| Total assets | US$ in thousands | 1,412,630 | 1,152,900 | 1,116,550 | 1,014,000 | 1,024,430 | 1,035,730 | 928,384 | 931,083 | 937,994 | 945,933 | 964,528 | 987,211 | 947,585 | 924,915 | 889,160 | 877,577 | 892,582 | 695,431 | 660,921 | 644,819 |
| Total asset turnover | 0.82 | 0.98 | 0.99 | 1.07 | 1.03 | 0.99 | 1.07 | 1.04 | 1.01 | 0.97 | 0.93 | 0.89 | 0.91 | 0.90 | 0.91 | 0.89 | 0.85 | 1.09 | 1.11 | 1.09 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,158,256K ÷ $1,412,630K
= 0.82
The total asset turnover ratio measures the efficiency with which a company utilizes its total assets to generate revenue. A higher ratio indicates better asset utilization.
For Addus HomeCare Corporation, the total asset turnover ratio has fluctuated over the analyzed periods. From March 31, 2020, to June 30, 2022, the ratio generally increased from 1.09 to 0.93, showing improved efficiency in generating revenue from its total assets.
However, from December 31, 2022, to December 31, 2024, the ratio fluctuated, ranging from 1.01 to 0.82. These fluctuations suggest variations in how effectively the company is utilizing its assets to generate revenue during these periods.
Overall, it is essential for Addus HomeCare Corporation to closely monitor its total asset turnover ratio to ensure optimal utilization of assets and sustained revenue generation efficiency. Further analysis of the company's operational and financial strategies may be warranted to address fluctuations and aim for consistent performance in asset turnover.
Peer comparison
Dec 31, 2024