Option Care Health Inc (OPCH)
Total 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 |
| Total assets | US$ in thousands | 3,217,040 | 3,112,940 | 2,790,920 | 2,647,440 | 2,589,550 |
| Total asset turnover | 1.32 | 1.25 | 1.20 | 1.10 | 0.89 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,251,080K ÷ $3,217,040K
= 1.32
Option Care Health Inc.'s total asset turnover has been steadily increasing over the past five years, indicating improved efficiency in generating sales revenue relative to its total assets. The company's total asset turnover ratio stood at 1.34 in 2023, reflecting that for each dollar of total assets, Option Care Health generated $1.34 of sales. This signifies that the company's assets are being utilized effectively to generate revenue. The upward trend in the total asset turnover ratio suggests that the company has been managing its assets efficiently and effectively over the years. This improving trend may be indicative of enhanced operational efficiency and better utilization of resources within the organization.
Peer comparison
Dec 31, 2023