Option Care Health Inc (OPCH)

Return on total capital

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	409,990	259,562	183,501	102,527	-4,470
Long-term debt	US$ in thousands	1,056,650	1,058,200	1,059,900	1,115,100	1,277,250
Total stockholders’ equity	US$ in thousands	1,421,670	1,386,100	1,175,890	1,015,720	906,827
Return on total capital		16.54%	10.62%	8.21%	4.81%	-0.20%

December 31, 2023 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $409,990K ÷ ($1,056,650K + $1,421,670K)
= 16.54%

Option Care Health Inc.'s return on total capital has shown a positive trend over the past five years, increasing from 0.11% in 2019 to 12.89% in 2023. This improvement indicates that the company has been effectively utilizing its capital to generate returns for its investors and stakeholders. The consistent upward trajectory in return on total capital highlights the company's efficiency in deploying its resources to drive profitability and create value. Overall, the increasing trend in return on total capital reflects positively on Option Care Health Inc.'s financial performance and management effectiveness.