Addus Historical Income Statement
| ADUS Stock | USD 97.19 0.03 0.03% |
Historical analysis of Addus HomeCare income statement accounts such as Interest Expense of 11.7 M, Selling General Administrative of 246.5 M or Total Revenue of 1.1 B can show how well Addus HomeCare performed in making a profits. Evaluating Addus HomeCare income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Addus HomeCare's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Addus HomeCare latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Addus HomeCare is a good buy for the upcoming year.
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About Addus Income Statement Analysis
Addus HomeCare Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Addus HomeCare shareholders. The income statement also shows Addus investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Addus HomeCare Income Statement Chart
Addus HomeCare Income Statement is one of the three primary financial statements used for reporting Addus's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Addus HomeCare revenue and expense. Addus HomeCare Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Addus HomeCare's Cost Of Revenue is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 85.4 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 116.8 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Addus HomeCare generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Addus HomeCare minus its cost of goods sold. It is profit before Addus HomeCare operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Addus HomeCare. It is also known as Addus HomeCare overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Addus HomeCare's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Addus HomeCare current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addus HomeCare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.At this time, Addus HomeCare's Cost Of Revenue is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 85.4 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 116.8 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.5M | 8.6M | 11.1M | 11.7M | Depreciation And Amortization | 14.5M | 14.1M | 14.1M | 8.1M |
Addus HomeCare income statement Correlations
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Addus HomeCare Account Relationship Matchups
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Addus HomeCare income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 10.6M | 12.1M | 14.5M | 14.1M | 14.1M | 8.1M | |
| Ebitda | 45.3M | 46.8M | 80.4M | 82.8M | 111.0M | 116.5M | |
| Net Income Applicable To Common Shares | 25.2M | 33.1M | 45.1M | 46.0M | 52.9M | 55.6M | |
| Net Income From Continuing Ops | 25.8M | 33.1M | 45.1M | 46.0M | 57.7M | 60.6M | |
| Tax Provision | 7.4M | 8.8M | 15.3M | 14.1M | 16.5M | 9.7M | |
| Interest Income | 1.5M | 624K | 268K | 341K | 1.1M | 857.1K | |
| Net Interest Income | (1.6M) | (2.6M) | (5.5M) | (8.6M) | (9.6M) | (9.1M) | |
| Reconciled Depreciation | 10.6M | 12.1M | 14.5M | 14.1M | 13.9M | 12.6M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Addus HomeCare in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Addus HomeCare's short interest history, or implied volatility extrapolated from Addus HomeCare options trading.
Pair Trading with Addus HomeCare
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Addus HomeCare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Addus HomeCare will appreciate offsetting losses from the drop in the long position's value.Moving against Addus Stock
| 0.78 | SSY | SunLink Health Systems | PairCorr |
| 0.77 | FIGS | Figs Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.74 | ICCM | Icecure Medical Financial Report 27th of May 2024 | PairCorr |
| 0.73 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
| 0.7 | GH | Guardant Health Upward Rally | PairCorr |
The ability to find closely correlated positions to Addus HomeCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addus HomeCare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Addus HomeCare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Addus HomeCare to buy it.
The correlation of Addus HomeCare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Addus HomeCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addus HomeCare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Addus HomeCare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addus HomeCare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Addus Stock analysis
When running Addus HomeCare's price analysis, check to measure Addus HomeCare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Addus HomeCare is operating at the current time. Most of Addus HomeCare's value examination focuses on studying past and present price action to predict the probability of Addus HomeCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addus HomeCare's price. Additionally, you may evaluate how the addition of Addus HomeCare to your portfolios can decrease your overall portfolio volatility.
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Is Addus HomeCare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Addus HomeCare. If investors know Addus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Addus HomeCare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.334 | Earnings Share 3.83 | Revenue Per Share 66.182 | Quarterly Revenue Growth 0.119 | Return On Assets 0.0618 |
The market value of Addus HomeCare is measured differently than its book value, which is the value of Addus that is recorded on the company's balance sheet. Investors also form their own opinion of Addus HomeCare's value that differs from its market value or its book value, called intrinsic value, which is Addus HomeCare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Addus HomeCare's market value can be influenced by many factors that don't directly affect Addus HomeCare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Addus HomeCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addus HomeCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addus HomeCare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.