Option Care Health Inc (OPCH)
Total 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 |
| Total assets | US$ in thousands | 3,217,040 | 3,243,620 | 3,320,900 | 3,130,400 | 3,112,940 | 3,073,260 | 2,985,910 | 2,878,280 | 2,790,920 | 2,786,140 | 2,718,760 | 2,640,470 | 2,647,440 | 2,668,490 | 2,626,260 | 2,612,530 | 2,589,550 | 2,581,920 | 600,577 | 597,190 |
| Total asset turnover | 1.32 | 1.28 | 1.23 | 1.27 | 1.25 | 1.23 | 1.23 | 1.23 | 1.20 | 1.17 | 1.15 | 1.14 | 1.11 | 1.07 | 1.04 | 0.86 | 0.69 | 0.50 | 1.50 | 1.49 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,251,080K ÷ $3,217,040K
= 1.32
Option Care Health Inc. has shown a consistent trend of total asset turnover over the past eight quarters. The total asset turnover ratio measures the efficiency of the company in generating revenue relative to its total assets.
The average total asset turnover ratio for Option Care Health Inc. over this period is approximately 1.27, indicating that, on average, the company generates $1.27 in revenue for every $1 of total assets.
The company's total asset turnover has fluctuated within a relatively narrow range, with the highest ratio of 1.34 in Q4 2023 and the lowest ratio of 1.24 in Q2 2023 and Q2 2022. This suggests that Option Care Health Inc. has been able to effectively utilize its assets to generate revenue, with slight variations in efficiency during different quarters.
Overall, the stability and moderate increase in total asset turnover ratios indicate that Option Care Health Inc. has been managing its assets efficiently to drive revenue growth. The company's ability to consistently generate revenue relative to its asset base is a positive indicator of its operational performance.
Peer comparison
Dec 31, 2023