Option Care Health Inc (OPCH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 267,090 | 150,556 | 139,898 | -8,076 | -75,920 |
| Total assets | US$ in thousands | 3,217,040 | 3,112,940 | 2,790,920 | 2,647,440 | 2,589,550 |
| ROA | 8.30% | 4.84% | 5.01% | -0.31% | -2.93% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $267,090K ÷ $3,217,040K
= 8.30%
Option Care Health Inc.'s return on assets (ROA) has shown a positive trend over the past five years. The company's ROA increased from -2.93% in 2019 to 8.30% in 2023, indicating a significant improvement in the company's ability to generate profits from its assets. This upward trajectory suggests that management has been efficiently utilizing the company's assets to generate earnings. Additionally, the consistently positive ROA figures from 2020 to 2023 indicate a sustained performance in turning assets into profits. Overall, the analysis of Option Care Health Inc.'s ROA reflects a favorable operational efficiency and profitability trend over the period in review.
Peer comparison
Dec 31, 2023