Addus HomeCare Corporation (ADUS)
Working capital 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 current assets | US$ in thousands | 260,382 | 200,004 | 222,807 | 324,341 | 287,697 |
| Total current liabilities | US$ in thousands | 155,871 | 145,117 | 131,146 | 117,689 | 143,901 |
| Working capital turnover | 11.11 | 19.16 | 10.29 | 4.16 | 5.30 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,160,600K ÷ ($260,382K – $155,871K)
= 11.11
The working capital turnover of Addus HomeCare Corporation has shown varying trends over the years. In December 31, 2020, the working capital turnover was 5.30, which decreased to 4.16 by December 31, 2021. However, there was a significant improvement in efficiency by December 31, 2022, with a working capital turnover of 10.29, indicating better utilization of working capital to generate sales. This trend continued to improve as of December 31, 2023, reaching 19.16, which signifies a substantial increase in the efficiency of working capital management. By December 31, 2024, the working capital turnover slightly decreased to 11.11, but still remained at a relatively high level compared to the base year. Overall, the increasing trend in working capital turnover from 2020 to 2023 reflects enhanced efficiency in utilizing working capital to generate revenue, although a slight decline was observed in the last year. Further analysis of operating efficiency and liquidity may be warranted to assess the impact of this metric on the company's financial performance.
Peer comparison
Dec 31, 2024