Option Care Health Inc (OPCH)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,251,080 | 3,890,930 | 3,358,250 | 2,913,300 | 2,305,570 |
| Property, plant and equipment | US$ in thousands | 120,630 | 108,321 | 111,535 | 121,149 | 133,198 |
| Fixed asset turnover | 35.24 | 35.92 | 30.11 | 24.05 | 17.31 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,251,080K ÷ $120,630K
= 35.24
Option Care Health Inc.'s fixed asset turnover has shown a consistent increasing trend from 2019 to 2023, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The ratios have more than doubled during this period, with a significant jump in 2020 followed by moderate increases in the subsequent years. This suggests that Option Care Health Inc. has been utilizing its fixed assets more effectively over time to generate sales. Overall, the increasing trend in fixed asset turnover reflects the company's ability to optimize its asset utilization and generate higher sales from its fixed asset base.
Peer comparison
Dec 31, 2023