Option Care Health Inc (OPCH)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,962,726 | 3,881,859 | 3,829,631 | 3,763,731 | 3,676,839 | 3,583,230 | 3,461,400 | 3,351,554 | 3,217,741 | 3,111,319 | 3,019,073 | 2,922,758 | 2,885,745 | 2,830,743 | 2,710,569 | 2,129,187 | 1,564,988 | 988,684 | 484,653 | 473,621 |
| Inventory | US$ in thousands | 274,004 | 251,366 | 262,924 | 249,643 | 224,281 | 236,020 | 231,766 | 217,184 | 183,095 | 189,830 | 173,853 | 173,622 | 158,601 | 155,478 | 149,115 | 139,128 | 115,876 | 109,235 | 27,801 | 27,470 |
| Inventory turnover | 14.46 | 15.44 | 14.57 | 15.08 | 16.39 | 15.18 | 14.93 | 15.43 | 17.57 | 16.39 | 17.37 | 16.83 | 18.19 | 18.21 | 18.18 | 15.30 | 13.51 | 9.05 | 17.43 | 17.24 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,962,726K ÷ $274,004K
= 14.46
Option Care Health Inc.'s inventory turnover has been relatively stable over the past eight quarters, ranging between 12.12 and 13.72. The company's inventory turnover ratio indicates that, on average, its inventory is being sold and replaced approximately 12 to 13 times a year. This suggests that Option Care Health Inc. is efficiently managing its inventory levels and that there is a healthy demand for its products or services. The consistency in the inventory turnover ratio over time indicates that the company has a good grasp of its inventory management practices and is effectively balancing inventory levels to meet customer demand without excessive holding costs.
Peer comparison
Dec 31, 2023
Dec 31, 2023