Addus HomeCare Corporation (ADUS)

Net 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
Net income (ttm)	US$ in thousands	62,516	57,700	53,832	50,230	46,025	44,321	44,355	44,702	45,126	40,517	38,059	33,369	33,133	35,421	31,214	29,599	25,237	18,892	17,338	16,098
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
Net profit margin		5.94%	5.64%	5.43%	5.19%	4.88%	4.81%	4.93%	5.08%	5.25%	4.87%	4.70%	4.29%	4.34%	4.67%	4.24%	4.22%	3.88%	3.16%	3.07%	2.94%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $62,516K ÷ $1,051,791K
= 5.94%

The net profit margin of Addus HomeCare Corporation has shown a steady improvement over the quarters, indicating an effective management of expenses relative to revenue. The company's net profit margin has increased from 4.84% in Q4 2022 to 5.91% in Q4 2023, reflecting an upward trend in profitability. This improvement suggests that Addus HomeCare Corporation has been able to control its costs efficiently and generate a higher proportion of net income for every dollar of revenue generated. Additionally, the consecutive quarter-over-quarter increase in net profit margin indicates a positive trajectory for the company's financial performance. Overall, the consistent growth in net profit margin demonstrates improved efficiency and profitability within the organization.