Addus Property Plant And Equipment Net vs Current Deferred Revenue Analysis

ADUS Stock

USD 114.54 1.53 1.32%

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 Property Plant And Equipment Net and its Current Deferred Revenue 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 closely tied 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.

Property Plant And Equipment Net vs Current Deferred Revenue

Property Plant And Equipment Net vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Addus HomeCare Property Plant And Equipment Net account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Addus HomeCare's Property Plant And Equipment Net and Current Deferred Revenue is 0.15. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Current Deferred Revenue 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 Property Plant And Equipment Net and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Addus HomeCare are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Property Plant And Equipment Net i.e., Addus HomeCare's Property Plant And Equipment Net and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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 closely tied 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

Interest Expense Depreciation And Amortization

Addus HomeCare fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.92	0.73	0.89	0.99	0.99	0.19	0.71	0.95	0.46	0.75	0.99	-0.4	0.94	0.81	0.75	0.73	0.99	0.68	0.68	0.92	0.73	0.97	0.96	0.85	0.79
Short Long Term Debt Total	0.92		0.54	0.86	0.86	0.91	0.32	0.82	0.8	0.27	0.78	0.9	-0.51	0.94	0.95	0.78	0.61	0.9	0.52	0.54	1.0	0.75	0.84	0.99	0.72	0.77
Other Current Liab	0.73	0.54		0.65	0.77	0.74	-0.44	0.43	0.74	0.52	0.4	0.76	-0.32	0.64	0.38	0.4	0.46	0.75	0.48	0.48	0.53	0.43	0.75	0.63	0.64	0.44
Total Current Liabilities	0.89	0.86	0.65		0.86	0.88	0.23	0.61	0.78	0.47	0.8	0.86	-0.55	0.84	0.87	0.8	0.76	0.86	0.78	0.77	0.87	0.74	0.88	0.9	0.63	0.84
Total Stockholder Equity	0.99	0.86	0.77	0.86		0.98	0.14	0.65	0.97	0.51	0.7	0.98	-0.34	0.91	0.73	0.7	0.74	0.98	0.7	0.71	0.86	0.71	0.98	0.92	0.87	0.77
Property Plant And Equipment Net	0.99	0.91	0.74	0.88	0.98		0.15	0.77	0.95	0.42	0.68	1.0	-0.43	0.96	0.78	0.68	0.66	0.99	0.63	0.63	0.92	0.72	0.95	0.96	0.87	0.72
Current Deferred Revenue	0.19	0.32	-0.44	0.23	0.14	0.15		0.04	0.05	0.2	0.51	0.1	0.07	0.13	0.45	0.51	0.47	0.1	0.27	0.32	0.34	0.13	0.22	0.27	-0.04	0.52
Net Debt	0.71	0.82	0.43	0.61	0.65	0.77	0.04		0.69	-0.11	0.29	0.77	-0.55	0.89	0.7	0.29	0.19	0.78	0.22	0.18	0.8	0.69	0.57	0.79	0.76	0.29
Retained Earnings	0.95	0.8	0.74	0.78	0.97	0.95	0.05	0.69		0.34	0.56	0.97	-0.3	0.91	0.63	0.56	0.62	0.97	0.65	0.62	0.8	0.69	0.91	0.86	0.95	0.63
Accounts Payable	0.46	0.27	0.52	0.47	0.51	0.42	0.2	-0.11	0.34		0.57	0.39	0.18	0.17	0.31	0.57	0.71	0.38	0.46	0.51	0.31	0.19	0.61	0.35	0.18	0.63
Cash	0.75	0.78	0.4	0.8	0.7	0.68	0.51	0.29	0.56	0.57		0.65	-0.29	0.6	0.85	1.0	0.82	0.64	0.64	0.7	0.8	0.52	0.78	0.78	0.35	0.98
Non Current Assets Total	0.99	0.9	0.76	0.86	0.98	1.0	0.1	0.77	0.97	0.39	0.65		-0.41	0.96	0.76	0.65	0.64	1.0	0.63	0.62	0.9	0.74	0.95	0.95	0.9	0.69
Non Currrent Assets Other	-0.4	-0.51	-0.32	-0.55	-0.34	-0.43	0.07	-0.55	-0.3	0.18	-0.29	-0.41		-0.54	-0.51	-0.29	-0.16	-0.42	-0.23	-0.28	-0.49	-0.35	-0.33	-0.5	-0.19	-0.27
Other Assets	0.94	0.94	0.64	0.84	0.91	0.96	0.13	0.89	0.91	0.17	0.6	0.96	-0.54		0.81	0.6	0.52	0.96	0.56	0.54	0.93	0.77	0.86	0.96	0.87	0.62
Long Term Debt	0.81	0.95	0.38	0.87	0.73	0.78	0.45	0.7	0.63	0.31	0.85	0.76	-0.51	0.81		0.85	0.64	0.76	0.51	0.53	0.95	0.71	0.75	0.91	0.51	0.82
Cash And Short Term Investments	0.75	0.78	0.4	0.8	0.7	0.68	0.51	0.29	0.56	0.57	1.0	0.65	-0.29	0.6	0.85		0.82	0.64	0.64	0.7	0.8	0.52	0.78	0.78	0.35	0.98
Net Receivables	0.73	0.61	0.46	0.76	0.74	0.66	0.47	0.19	0.62	0.71	0.82	0.64	-0.16	0.52	0.64	0.82		0.63	0.79	0.83	0.63	0.45	0.82	0.67	0.39	0.92
Good Will	0.99	0.9	0.75	0.86	0.98	0.99	0.1	0.78	0.97	0.38	0.64	1.0	-0.42	0.96	0.76	0.64	0.63		0.63	0.62	0.9	0.75	0.94	0.95	0.91	0.69
Common Stock Total Equity	0.68	0.52	0.48	0.78	0.7	0.63	0.27	0.22	0.65	0.46	0.64	0.63	-0.23	0.56	0.51	0.64	0.79	0.63		0.99	0.53	0.63	0.76	0.59	0.49	0.75
Common Stock Shares Outstanding	0.68	0.54	0.48	0.77	0.71	0.63	0.32	0.18	0.62	0.51	0.7	0.62	-0.28	0.54	0.53	0.7	0.83	0.62	0.99		0.55	0.58	0.78	0.61	0.44	0.8
Non Current Liabilities Total	0.92	1.0	0.53	0.87	0.86	0.92	0.34	0.8	0.8	0.31	0.8	0.9	-0.49	0.93	0.95	0.8	0.63	0.9	0.53	0.55		0.73	0.86	0.99	0.71	0.79
Other Current Assets	0.73	0.75	0.43	0.74	0.71	0.72	0.13	0.69	0.69	0.19	0.52	0.74	-0.35	0.77	0.71	0.52	0.45	0.75	0.63	0.58	0.73		0.68	0.74	0.72	0.55
Other Stockholder Equity	0.97	0.84	0.75	0.88	0.98	0.95	0.22	0.57	0.91	0.61	0.78	0.95	-0.33	0.86	0.75	0.78	0.82	0.94	0.76	0.78	0.86	0.68		0.91	0.78	0.84
Total Liab	0.96	0.99	0.63	0.9	0.92	0.96	0.27	0.79	0.86	0.35	0.78	0.95	-0.5	0.96	0.91	0.78	0.67	0.95	0.59	0.61	0.99	0.74	0.91		0.76	0.79
Property Plant And Equipment Gross	0.85	0.72	0.64	0.63	0.87	0.87	-0.04	0.76	0.95	0.18	0.35	0.9	-0.19	0.87	0.51	0.35	0.39	0.91	0.49	0.44	0.71	0.72	0.78	0.76		0.41
Total Current Assets	0.79	0.77	0.44	0.84	0.77	0.72	0.52	0.29	0.63	0.63	0.98	0.69	-0.27	0.62	0.82	0.98	0.92	0.69	0.75	0.8	0.79	0.55	0.84	0.79	0.41

Click cells to compare fundamentals

Addus HomeCare Account Relationship Matchups

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

0.8	ICUI	ICU Medical	Pair Corr
0.88	LMAT	LeMaitre Vascular	Pair Corr

Moving against Addus Stock

0.71	AKYA	Akoya Biosciences	Pair Corr
0.69	EXEL	Exelixis	Pair Corr
0.65	DNA	Ginkgo Bioworks Holdings	Pair Corr
0.6	BMY	Bristol Myers Squibb	Pair Corr
0.55	CVS	CVS Health Corp	Pair Corr

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.

Pair Correlation Correlation Matching

Additional 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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