Addus HomeCare Corporation (ADUS)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	62,516	46,025	45,126	33,133	25,237
Total assets	US$ in thousands	1,024,430	937,994	947,585	892,582	636,748
ROA		6.10%	4.91%	4.76%	3.71%	3.96%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $62,516K ÷ $1,024,430K
= 6.10%

Addus HomeCare Corporation's return on assets (ROA) has shown a positive trend over the past five years. From 2019 to 2023, ROA has increased from 3.96% to 6.10%, indicating that the company has been more efficient in generating profits from its assets. This improvement suggests that Addus HomeCare Corporation has been effectively utilizing its assets to generate earnings for its shareholders. This upward trend in ROA reflects positively on the company's management of its asset base and could be a sign of improved operational efficiency, profitability, and overall financial health.