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.