Addus HomeCare Corporation (ADUS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	706,694	684,334	666,351	648,886	633,540	614,837	599,777	585,778	574,344	558,051	544,055	529,910	518,676	507,600	494,861	486,808	475,592	462,199	281,507	274,020
ROE		8.85%	8.43%	8.08%	7.74%	7.26%	7.21%	7.40%	7.63%	7.86%	7.26%	7.00%	6.30%	6.39%	6.98%	6.31%	6.08%	5.31%	4.09%	6.16%	5.87%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $62,516K ÷ $706,694K
= 8.85%

Addus HomeCare Corporation's return on equity (ROE) has been relatively stable over the past eight quarters, ranging between 7.21% and 8.85%. The company's ROE indicates that for every dollar of shareholders' equity, Addus HomeCare is generating a return ranging from approximately 7.21% to 8.85%. This demonstrates the company's efficiency in utilizing its equity to generate profit for its shareholders.

The consistent ROE levels over the quarters suggest that Addus HomeCare has been effectively managing its operations and investments to sustain profitability. It is essential for investors to monitor ROE levels over time to assess the company's ability to generate returns on the shareholders' equity invested in the business.

Overall, Addus HomeCare Corporation's stable ROE levels indicate a healthy financial performance and efficient management of equity resources, which can be reassuring for investors and stakeholders.