Addus HomeCare Corporation (ADUS)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 73,598 | 73,650 | 68,898 | 65,671 | 62,516 | 57,700 | 53,832 | 50,230 | 46,025 | 44,321 | 44,355 | 44,702 | 45,126 | 40,517 | 38,059 | 33,369 | 33,133 | 35,421 | 31,214 | 29,599 |
| Total assets | US$ in thousands | 1,412,630 | 1,152,900 | 1,116,550 | 1,014,000 | 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 |
| ROA | 5.21% | 6.39% | 6.17% | 6.48% | 6.10% | 5.57% | 5.80% | 5.39% | 4.91% | 4.69% | 4.60% | 4.53% | 4.76% | 4.38% | 4.28% | 3.80% | 3.71% | 5.09% | 4.72% | 4.59% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $73,598K ÷ $1,412,630K
= 5.21%
Addus HomeCare Corporation's return on assets (ROA) has shown fluctuations over the past few years, ranging from a low of 3.71% in December 2020 to a high of 6.48% in March 2024. The trend indicates some variability in the company's ability to generate profits from its assets.
The average ROA for the period under review is approximately 4.90%, indicating that, on average, the company generated 4.90 cents of profit for every dollar of assets it owns. This suggests that Addus HomeCare has been fairly efficient in utilizing its assets to generate earnings.
However, the decrease in ROA from the peak in June 2024 (6.17%) to 5.21% in December 2024 may raise some concerns about the company's asset utilization efficiency. It would be important for stakeholders to monitor future ROA trends to assess whether this decline is a temporary fluctuation or a sustained issue that requires attention.
Overall, Addus HomeCare Corporation's ROA performance indicates reasonable asset efficiency, but ongoing monitoring is recommended to ensure continued profitability and effective management of assets.
Peer comparison
Dec 31, 2024