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.
Peer comparison
Dec 31, 2023