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.