Option Care Health Inc (OPCH)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,251,080 | 4,151,540 | 4,077,230 | 3,989,405 | 3,890,933 | 3,790,437 | 3,659,454 | 3,534,435 | 3,358,250 | 3,251,039 | 3,132,128 | 2,998,508 | 2,948,508 | 2,864,574 | 2,723,428 | 2,242,266 | 1,784,399 | 1,296,066 | 903,482 | 892,334 |
| Property, plant and equipment | US$ in thousands | 120,630 | 107,960 | 106,777 | 105,571 | 108,321 | 96,312 | 105,210 | 109,066 | 111,535 | 106,788 | 110,662 | 116,311 | 121,149 | 113,017 | 117,629 | 125,786 | 133,198 | 131,982 | 27,103 | 27,798 |
| Fixed asset turnover | 35.24 | 38.45 | 38.18 | 37.79 | 35.92 | 39.36 | 34.78 | 32.41 | 30.11 | 30.44 | 28.30 | 25.78 | 24.34 | 25.35 | 23.15 | 17.83 | 13.40 | 9.82 | 33.34 | 32.10 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,251,080K ÷ $120,630K
= 35.24
Option Care Health Inc. has maintained a relatively stable fixed asset turnover ratio over the past eight quarters, ranging from 32.96 to 39.92. This indicates the company's ability to generate sales revenue in relation to its investment in fixed assets. A higher fixed asset turnover ratio generally suggests that the company is utilizing its fixed assets efficiently to generate revenue. Option Care Health Inc. has seen a peak in its fixed asset turnover in Q3 2022 at 39.92, which indicates a high level of efficiency in utilizing its fixed assets during that period. Overall, the company's consistent performance in maintaining relatively high fixed asset turnover ratios reflects sound asset management and effective utilization of resources to drive revenue generation.
Peer comparison
Dec 31, 2023