Option Care Health Inc (OPCH)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 314,595 | 240,231 | 190,841 | 110,755 | -319 |
| Total assets | US$ in thousands | 3,217,040 | 3,112,940 | 2,790,920 | 2,647,440 | 2,589,550 |
| Operating ROA | 9.78% | 7.72% | 6.84% | 4.18% | -0.01% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $314,595K ÷ $3,217,040K
= 9.78%
Option Care Health Inc.'s operating return on assets (ROA) has shown a positive trend over the past five years, indicating improved operational efficiency and profitability. The company's operating ROA increased from -0.01% in 2019 to 9.78% in 2023, reflecting a significant turnaround in performance. This upward trajectory suggests that Option Care Health has been able to generate more operating income relative to its assets, signifying effective asset utilization and management.
The consistent improvement in operating ROA signifies that Option Care Health has been successful in enhancing its operational effectiveness and productivity over the years. This is a positive indicator for the company's financial health and long-term sustainability. The ability to generate higher returns from its assets indicates that Option Care Health is efficiently utilizing its resources to drive profitability and create shareholder value.
Peer comparison
Dec 31, 2023