Astrana Health Inc (ASTH)

Short-term

Turnover ratios

The activity ratios of Astrana Health Inc provide insight into how efficiently the company is managing its operations and assets.

1. Inventory Turnover: This ratio indicates how many times a company's inventory is sold and replaced within a specific period. Astrana Health's inventory turnover information is not available for the years presented, implying a lack of data to assess the efficiency of inventory management.

2. Receivables Turnover: This ratio measures how effectively a company is collecting payments from its customers. Similarly, Astrana Health's receivables turnover data is not provided, making it difficult to evaluate the efficiency of its accounts receivable management.

3. Payables Turnover: Unfortunately, no data is available for Astrana Health's payables turnover for the years mentioned. This ratio typically assesses how efficiently a company is paying its suppliers and managing its accounts payable.

4. Working Capital Turnover: This ratio reflects how effectively a company utilizes its working capital to generate sales revenue. Astrana Health's working capital turnover has shown a positive trend over the years, with values increasing from 1.66 in 2020 to 21.15 in 2024. This indicates a significant improvement in the efficiency of utilizing its working capital to generate sales, suggesting the company's ability to efficiently convert its working capital into revenue has improved substantially over the period.

In conclusion, while Astrana Health's performance in terms of inventory turnover, receivables turnover, and payables turnover cannot be assessed due to the lack of data, the positive trend observed in the working capital turnover ratio indicates an improvement in the company's operational efficiency and utilization of working capital to drive sales growth.

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Average number of days

Based on the provided data for Astrana Health Inc, the activity ratios such as Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables were not available for the years from December 31, 2020, to December 31, 2024.

Activity ratios are important indicators of how efficiently a company manages its inventory, collects receivables, and pays its payables. Without the specific values for these ratios over the years, it is challenging to assess Astrana Health Inc's efficiency in managing its inventory turnover, sales collection period, and payment cycles to suppliers.

It is recommended for Astrana Health Inc to provide or calculate these activity ratios to gain insights into the company's operational effectiveness and efficiency in managing their working capital. High DOH or DSO figures may indicate inefficiencies in inventory management or collections process, while a high number of days of payables may suggest a more favorable position in managing supplier payments.

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Long-term

Astrana Health Inc's fixed asset turnover has shown improvement over the years, increasing from 7.64 in 2020 to 11.28 in 2021, before experiencing a slight decline to 8.87 in 2022. Unfortunately, data is unavailable for 2023 and 2024. The fixed asset turnover ratio measures how efficiently the company is generating revenue from its fixed assets.

On the other hand, the total asset turnover ratio has been consistently increasing, indicating a positive trend in asset utilization. It rose from 0.45 in 2020 to 1.50 in 2024. This ratio reflects how effectively the company is generating sales from its total assets.

Overall, the improvement in the total asset turnover ratio suggests that Astrana Health Inc has been more efficient in utilizing its assets to generate revenue, while the fluctuations in the fixed asset turnover ratio may indicate changes in the company's asset management strategies or investment decisions over the years.