Addus HomeCare Corporation (ADUS)
Working capital 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 current assets | US$ in thousands | 260,382 | 332,814 | 294,988 | 191,847 | 200,004 | 211,249 | 207,790 | 209,210 | 222,807 | 240,142 | 256,372 | 276,229 | 324,341 | 299,707 | 290,410 | 275,140 | 287,697 | 299,380 | 296,336 | 278,051 |
| Total current liabilities | US$ in thousands | 155,871 | 157,818 | 147,532 | 141,591 | 145,117 | 139,639 | 133,902 | 124,659 | 131,146 | 128,188 | 128,004 | 104,357 | 117,689 | 112,533 | 116,944 | 118,088 | 143,901 | 93,743 | 93,685 | 84,606 |
| Working capital turnover | 11.08 | 6.46 | 7.53 | 21.51 | 19.16 | 14.28 | 13.42 | 11.45 | 10.29 | 8.23 | 7.00 | 5.12 | 4.16 | 4.45 | 4.67 | 4.95 | 5.31 | 3.69 | 3.63 | 3.62 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,158,256K ÷ ($260,382K – $155,871K)
= 11.08
The working capital turnover ratio for Addus HomeCare Corporation has shown fluctuations over the period under consideration. It increased steadily from March 31, 2020, to March 31, 2023, indicating efficient management of working capital during this time. The ratio peaked at 21.51 on March 31, 2024, which could be a result of better utilization of working capital to generate revenue.
However, there was a significant drop in the working capital turnover ratio by June 30, 2024, and September 30, 2024. This decline may indicate a decrease in the company's efficiency in converting working capital into revenue during these periods.
It is important for stakeholders to closely monitor this ratio to ensure that the company is effectively managing its working capital to support its operations and growth. Additional analysis and investigation may be required to understand the factors behind the fluctuations in the working capital turnover ratio observed in the provided data.
Peer comparison
Dec 31, 2024