$Addus HomeCare (ADUS.US)$🎯 2023.11.15 The current price is...

New data: 2023Q2 and Q3

In the first three quarters of 2023, revenue increased 11.11%, operating profit increased 31.4%, and net profit increased 37.3%.

The balance ratio increased from 32.5% to 33.9%, mainly due to major acquisitions in the 3rd quarter, an increase in long-term loans to 164 million, goodwill and other intangible assets to 757 million, or 111% of the net assets of 684 million yuan. The assets are very poor.

Net cash flow in the first three quarters was lower than net investment, and there was still no shareholder surplus. The quarterly return on net assets reached only 2.3%.

Through three quarters of observation, ADUS's growth appears to have been supported by acquisitions. There was no actual shareholder surplus, and the return on net assets has remained low. Currently, the investment value is very limited, so it has temporarily withdrawn from observation.