Option Care Health Inc (OPCH)

Return on assets (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
Net income (ttm)	US$ in thousands	267,090	257,442	239,963	159,489	150,556	178,494	175,147	173,034	139,898	82,270	48,457	8,973	-8,076	-41,726	-86,183	-92,118	-75,920	-56,855	-12,270	-2,976
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
ROA		8.30%	7.94%	7.23%	5.09%	4.84%	5.81%	5.87%	6.01%	5.01%	2.95%	1.78%	0.34%	-0.31%	-1.56%	-3.28%	-3.53%	-2.93%	-2.20%	-2.04%	-0.50%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ 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 two years, with the latest ROA for Q4 2023 reaching 8.30%. This indicates that the company generated $0.083 in net income for every dollar of assets it holds during that quarter. The ROA has been steadily increasing from Q1 2022 to Q4 2023, reflecting improving efficiency in asset utilization and profitability. However, it is essential to investigate the drivers behind this ROA trend to determine the sustainability and effectiveness of the company's asset management and operational performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

Option Care Health Inc

OPCH

8.30%

Adapthealth Corp

AHCO

2.02%

Addus HomeCare Corporation