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.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
Addus HomeCare Corporation
ADUS
6.10%
Adapthealth Corp
AHCO
-15.06%
Amedisys Inc
AMED
-0.47%
Chemed Corp
CHE
16.34%
Option Care Health Inc
OPCH
8.30%