Addus HomeCare Corporation (ADUS)

Return on assets (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
Net income (ttm)	US$ in thousands	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	25,237	18,892	17,338	16,098
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
ROA		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%	3.96%	3.05%	4.24%	4.25%

December 31, 2023 calculation

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

Addus HomeCare Corporation's return on assets (ROA) has shown a generally positive trend over the past eight quarters, indicating the company's efficiency in generating profit relative to its total assets. In the latest quarter (Q4 2023), the ROA stood at 6.10%, which was higher than the previous quarter and demonstrated an improvement in the company's asset utilization. The ROA has consistently been increasing since Q1 2022, reflecting management's effectiveness in maximizing the use of assets to generate earnings. Overall, Addus HomeCare Corporation's ROA performance suggests effective operational management and a positive outlook for the company in utilizing its asset base to drive profitability.