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
-15.06%
Addus HomeCare Corporation
ADUS
6.10%
Amedisys Inc
AMED
-0.47%
Chemed Corp
CHE
16.34%
Enhabit Inc.
EHAB
-5.62%