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.
Peer comparison
Dec 31, 2023