Addus HomeCare Corporation (ADUS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	90,956	68,737	65,936	44,507	34,752
Revenue	US$ in thousands	1,051,790	943,505	859,640	762,533	647,209
Operating profit margin		8.65%	7.29%	7.67%	5.84%	5.37%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $90,956K ÷ $1,051,790K
= 8.65%

Based on the data provided, the operating profit margin of Addus HomeCare Corporation has shown a generally positive trend over the past five years. The operating profit margin measures the company's efficiency in generating profits from its core operations.

In 2019, the operating profit margin stood at 5.36%, which then increased to 5.82% in 2020, reflecting a gradual improvement. The upward trend continued with further enhancements in the following years, reaching 7.63% in 2021 and 7.23% in 2022.

The most recent data point for the operating profit margin as of December 31, 2023, shows a further increase to 8.59%. This signifies that Addus HomeCare Corporation has been able to effectively control its operating expenses and improve profitability over the years.

Overall, the consistent growth in operating profit margin indicates the company's ability to efficiently manage costs and generate profits from its core business activities. This trend is generally considered favorable as it demonstrates the company's operational effectiveness and potential for sustainable profitability in the long term.