Option Care Health Inc (OPCH)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,998,210 | 4,776,180 | 4,590,640 | 4,432,520 | 4,302,320 | 4,205,140 | 4,133,050 | 4,044,800 | 3,944,734 | 3,844,718 | 3,715,735 | 3,595,187 | 3,438,640 | 3,316,159 | 3,205,831 | 3,086,407 | 3,032,610 | 2,948,676 | 2,782,947 | 2,233,616 |
| Total current assets | US$ in thousands | 1,322,630 | 1,321,370 | 1,227,410 | 1,129,710 | 1,094,260 | 1,116,280 | 1,198,220 | 1,029,540 | 994,339 | 951,964 | 877,139 | 805,712 | 710,256 | 811,184 | 735,764 | 664,734 | 657,012 | 676,475 | 637,543 | 601,272 |
| Total current liabilities | US$ in thousands | 780,146 | 763,224 | 695,407 | 636,952 | 618,309 | 624,084 | 668,467 | 618,566 | 565,351 | 586,800 | 555,308 | 508,139 | 459,695 | 485,664 | 459,516 | 420,164 | 434,023 | 433,173 | 394,611 | 379,023 |
| Working capital turnover | 9.21 | 8.56 | 8.63 | 9.00 | 9.04 | 8.54 | 7.80 | 9.84 | 9.20 | 10.53 | 11.55 | 12.08 | 13.72 | 10.19 | 11.60 | 12.62 | 13.60 | 12.12 | 11.46 | 10.05 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,998,210K ÷ ($1,322,630K – $780,146K)
= 9.21
Option Care Health Inc's working capital turnover has shown some fluctuations over the analyzed period. The ratio has generally been above 10, indicating that the company is efficiently using its working capital to generate sales revenue.
From March 2020 to December 2021, the working capital turnover improved steadily, reaching a peak of 13.72 at the end of December 2021. This indicates that during this period, the company was able to generate sales revenue more efficiently using its working capital.
However, starting from March 2022, there was a slight decline in the working capital turnover, which continued through December 2024. The ratio fluctuated around the range of 8.00 to 9.00 during this period, showing a decrease in the efficiency of utilizing working capital to generate revenue compared to the previous years.
Overall, Option Care Health Inc should monitor this trend closely to ensure that its working capital is being effectively managed to support sales growth and operational activities.
Peer comparison
Dec 31, 2024