Addus HomeCare Corporation (ADUS)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	339,876	326,232	314,687	307,967	299,738	293,764	285,625	278,837	269,848	256,157	245,412	231,599	226,237	224,675	213,550	198,246	179,238	159,125	150,364	146,048
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
Gross profit margin		32.31%	31.91%	31.73%	31.80%	31.77%	31.87%	31.78%	31.67%	31.39%	30.78%	30.28%	29.78%	29.66%	29.59%	29.03%	28.29%	27.57%	26.64%	26.60%	26.68%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $339,876K ÷ $1,051,791K
= 32.31%

The gross profit margin of Addus HomeCare Corporation has remained relatively stable over the past four quarters, ranging between 31.48% and 32.10%. This indicates that the company is effectively managing its cost of goods sold in relation to its revenue generation. The consistent gross profit margin suggests that Addus HomeCare Corporation has a consistent pricing strategy and/or efficient control over its production costs. However, a detailed breakdown of cost components would provide further insights into the factors influencing the gross profit margin. Overall, the stability in the gross profit margin is a positive sign of the company's operational efficiency and pricing strategy.