Addus HomeCare Corporation (ADUS)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,024,430 | 1,035,730 | 928,384 | 931,083 | 937,994 | 945,933 | 964,528 | 987,211 | 947,585 | 924,915 | 889,160 | 877,577 | 892,582 | 695,431 | 660,921 | 644,819 | 636,748 | 619,110 | 408,684 | 378,923 |
| Operating ROA | 8.88% | 8.09% | 8.45% | 7.93% | 7.33% | 7.11% | 6.96% | 6.82% | 6.96% | 6.30% | 6.01% | 5.24% | 4.99% | 6.80% | 6.37% | 6.19% | 5.46% | 4.30% | 6.10% | 6.36% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $90,956K ÷ $1,024,430K
= 8.88%
Operating return on assets (operating ROA) measures the efficiency of Addus HomeCare Corporation in generating earnings from its operating activities relative to the total assets employed. The trend analysis of operating ROA shows a consistent improvement over the past quarters, reflecting the company's ability to generate higher operating income relative to its asset base. In Q4 2023, the operating ROA reached 8.88%, marking an increase from the previous quarter's 8.09%. This improvement indicates enhanced operational efficiency and effective management of assets to generate profits. When compared to the same quarter in the previous year, the Q4 2023 operating ROA of 8.88% also shows positive growth, highlighting the company's sustained performance and profitability. Overall, the increasing trend in operating ROA suggests that Addus HomeCare Corporation is effectively utilizing its assets to drive operational earnings and create value for its stakeholders.
Peer comparison
Dec 31, 2023