Addus Asset Turnover vs Gross Profit Analysis
ADUS Stock | USD 97.16 0.54 0.56% |
Addus HomeCare financial indicator trend analysis is way more than just evaluating Addus HomeCare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Addus HomeCare is a good investment. Please check the relationship between Addus HomeCare Asset Turnover and its Gross Profit accounts. 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.
Asset Turnover vs Gross Profit
Asset Turnover vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Addus HomeCare Asset Turnover account and Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Addus HomeCare's Asset Turnover and Gross Profit is -0.7. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Addus HomeCare, assuming nothing else is changed. The correlation between historical values of Addus HomeCare's Asset Turnover and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Addus HomeCare are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Asset Turnover i.e., Addus HomeCare's Asset Turnover and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.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.Most indicators from Addus HomeCare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.23 in 2024, whereas Tax Provision is likely to drop slightly above 9.7 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 fundamental ratios Correlations
Click cells to compare fundamentals
Addus HomeCare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Addus HomeCare fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 636.7M | 892.6M | 947.6M | 938.0M | 1.0B | 1.1B | |
Short Long Term Debt Total | 59.9M | 230.4M | 253.8M | 178.1M | 175.2M | 183.9M | |
Total Current Liabilities | 87.5M | 143.9M | 117.7M | 131.1M | 145.1M | 74.1M | |
Total Stockholder Equity | 475.6M | 518.7M | 574.3M | 633.5M | 706.7M | 742.0M | |
Property Plant And Equipment Net | 33.3M | 57.7M | 54.5M | 60.2M | 69.4M | 72.9M | |
Net Debt | (51.8M) | 85.3M | 84.9M | 98.1M | 110.4M | 115.9M | |
Retained Earnings | 116.0M | 149.2M | 194.3M | 240.3M | 302.8M | 318.0M | |
Accounts Payable | 86.8M | 23.7M | 19.4M | 22.1M | 26.2M | 15.2M | |
Cash | 111.7M | 145.1M | 168.9M | 80.0M | 64.8M | 48.3M | |
Non Current Assets Total | 367.4M | 604.9M | 623.2M | 715.2M | 824.4M | 865.6M | |
Non Currrent Assets Other | 355.2M | (598.4M) | (7.3M) | (715.2M) | (1.0) | (1.05) | |
Other Assets | 1.6M | 2.2M | 1.6M | 44.5M | 51.2M | 53.8M | |
Long Term Debt | 59.2M | 193.9M | 220.9M | 131.8M | 124.1M | 68.4M | |
Cash And Short Term Investments | 111.7M | 145.1M | 168.9M | 80.0M | 64.8M | 48.3M | |
Net Receivables | 153.2M | 132.7M | 137.0M | 125.5M | 116.1M | 101.7M | |
Good Will | 275.4M | 469.1M | 504.4M | 582.8M | 663.0M | 696.1M | |
Common Stock Shares Outstanding | 15.6M | 16.0M | 16.1M | 16.2M | 16.3M | 12.1M | |
Liabilities And Stockholders Equity | 636.7M | 892.6M | 947.6M | 938.0M | 1.0B | 1.1B | |
Non Current Liabilities Total | 73.6M | 230.0M | 255.6M | 173.3M | 172.6M | 181.2M | |
Other Current Assets | 8.0M | 10.0M | 18.5M | 17.3M | 19.1M | 11.4M | |
Total Liab | 161.2M | 373.9M | 373.2M | 304.5M | 317.7M | 333.6M | |
Total Current Assets | 269.4M | 287.7M | 324.3M | 222.8M | 200.0M | 163.3M | |
Short Term Debt | 728K | 971K | 9.8M | 10.8M | 11.3M | 11.9M | |
Intangible Assets | 57.1M | 71.5M | 64.3M | 72.2M | 92.0M | 96.6M | |
Property Plant Equipment | 12.2M | 19.7M | 18.5M | 60.2M | 69.2M | 72.6M | |
Other Liab | 163K | 588K | 1.8M | 6.1M | 7.0M | 7.3M | |
Net Tangible Assets | 475.6M | 518.7M | 574.3M | (21.5M) | (24.7M) | (23.5M) | |
Retained Earnings Total Equity | 97.8M | 116.0M | 149.2M | 194.3M | 223.4M | 234.6M | |
Long Term Debt Total | 17.2M | 59.2M | 193.9M | 220.9M | 254.0M | 266.8M | |
Capital Surpluse | 177.7M | 359.5M | 369.5M | 380.0M | 437.0M | 458.9M |
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 together with Addus Stock
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Moving against Addus Stock
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0.77 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
0.76 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
0.7 | NVST | Envista Holdings Corp Financial Report 1st of May 2024 | 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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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.