Option Care Health Inc (OPCH)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	314,595	298,231	277,902	254,611	240,231	232,811	224,976	213,992	190,841	174,412	156,085	131,201	110,755	80,385	34,104	2,891	-319	-744	23,740	40,642
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
Operating profit margin		7.40%	7.18%	6.82%	6.38%	6.17%	6.14%	6.15%	6.05%	5.68%	5.36%	4.98%	4.38%	3.76%	2.81%	1.25%	0.13%	-0.02%	-0.06%	2.63%	4.55%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $314,595K ÷ $4,251,080K
= 7.40%

Option Care Health Inc.'s operating profit margin has shown a consistent upward trend over the past eight quarters from Q1 2022 to Q4 2023. The company's operating profit margin increased from 5.95% in Q1 2022 to 7.31% in Q4 2023, indicating an improvement in the efficiency of the company's operations in generating profits. This positive trend suggests that Option Care Health Inc. has been able to effectively manage its operating expenses relative to its revenue, resulting in a higher proportion of revenue turning into operating profit. The gradual increase in the operating profit margin demonstrates the company's ability to enhance profitability and potentially create shareholder value through operational efficiency.