Option Care Health Inc (OPCH)
Operating return on assets (Operating ROA)
| 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 |
| 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 |
| Operating ROA | 9.78% | 9.19% | 8.37% | 8.13% | 7.72% | 7.58% | 7.53% | 7.43% | 6.84% | 6.26% | 5.74% | 4.97% | 4.18% | 3.01% | 1.30% | 0.11% | -0.01% | -0.03% | 3.95% | 6.81% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $314,595K ÷ $3,217,040K
= 9.78%
Option Care Health Inc.'s operating return on assets (operating ROA) has shown a steady improvement over the past eight quarters, indicating the company's operational efficiency and asset utilization. The trend reflects a positive growth trajectory, with the operating ROA increasing from 7.43% in Q1 2022 to 9.78% in Q4 2023. This indicates that the company is generating more operating income per dollar of assets employed.
The consistent upward trend in operating ROA suggests that Option Care Health Inc. is effectively managing its assets to generate operating profits. This improvement could be attributed to cost control measures, revenue growth, or operational efficiencies implemented by the company during this period. Overall, the increasing trend in operating ROA demonstrates that the company is becoming more efficient in generating operating profits from its asset base, which is a positive signal for investors and stakeholders alike.
Peer comparison
Dec 31, 2023