Addus HomeCare Corporation (ADUS)

Operating 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
Operating income (ttm)	US$ in thousands	90,956	83,800	78,477	73,832	68,737	67,281	67,125	67,279	65,936	58,294	53,457	46,016	44,507	47,321	42,133	39,917	34,752	26,650	24,928	24,084
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
Operating profit margin		8.65%	8.20%	7.91%	7.62%	7.29%	7.30%	7.47%	7.64%	7.67%	7.00%	6.60%	5.92%	5.83%	6.23%	5.73%	5.70%	5.35%	4.46%	4.41%	4.40%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $90,956K ÷ $1,051,791K
= 8.65%

The operating profit margin of Addus HomeCare Corporation has shown a relatively stable trend over the past eight quarters. The margin has ranged between 7.23% and 8.59%, indicating a consistent level of profitability in relation to the company's revenue during this period.

From Q1 2022 to Q4 2023, the operating profit margin has fluctuated within a relatively narrow range, with a low of 7.23% in Q4 2022 and a high of 8.59% in Q4 2023. This suggests that the company has effectively managed its operating expenses and generated solid profits from its operations.

Overall, the operating profit margin performance of Addus HomeCare Corporation reflects a commendable level of operational efficiency and profitability. Continued monitoring of this metric will be important to assess the company's ability to sustain and potentially improve its profitability in the future.