Astrana Health Inc (ASTH)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,034,540 | 1,386,660 | 1,144,160 | 773,915 | 370,248 |
| Property, plant and equipment | US$ in thousands | — | — | 128,980 | 68,627 | 48,464 |
| Fixed asset turnover | — | — | 8.87 | 11.28 | 7.64 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,034,540K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales. In the case of Astrana Health Inc, the trend in the fixed asset turnover ratio over the years indicates varying levels of efficiency.
Starting from December 31, 2020, the fixed asset turnover ratio was 7.64, suggesting that for every dollar invested in fixed assets, the company generated $7.64 in sales. This ratio improved significantly by December 31, 2021, reaching 11.28, indicating a more efficient utilization of fixed assets to generate revenue.
However, by December 31, 2022, the fixed asset turnover ratio dropped to 8.87, showing a slight decline in efficiency compared to the previous year. Unfortunately, the data is missing for the following years, December 31, 2023, and December 31, 2024, making it challenging to assess the trend's continuation.
Overall, Astrana Health Inc has demonstrated fluctuations in its fixed asset turnover ratio, with a notable improvement in 2021 but followed by a slight decrease in 2022. Further analysis and additional data would be required to understand the long-term implications of these changes on the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024