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.