Addus HomeCare Corporation (ADUS)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	650,057	597,350	565,258	547,388
Total assets	US$ in thousands	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	636,748	619,110	408,684	378,923
Total asset turnover		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	1.02	0.96	1.38	1.44

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,051,791K ÷ $1,024,430K
= 1.03

Addus HomeCare Corporation's total asset turnover ratio has shown a positive trend over the past eight quarters. The ratio has consistently increased from 0.90 in Q1 2022 to 1.03 in Q4 2023, indicating that the company is generating more revenue relative to its total assets. This upward trend suggests that Addus HomeCare is becoming more efficient in utilizing its assets to generate sales. Overall, the company's total asset turnover performance reflects an improvement in its asset management efficiency over the specified period.