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.