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.