Astrana Health Inc (ASTH)

Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. Astrana Health Inc's fixed asset turnover has shown significant fluctuations over the past five years. In 2023, the fixed asset turnover ratio was exceptionally high at 249.96, indicating a significant increase in revenue generated from its fixed assets compared to the previous year. This substantial increase could be attributed to either better utilization of fixed assets or a boost in revenue growth relative to the investment in fixed assets.

In contrast, the fixed asset turnover ratio was very low in 2022 at 0.02, suggesting that Astrana Health Inc was not effectively utilizing its fixed assets to generate revenue during that period. However, this could also indicate a possible impairment in the value of fixed assets or a decline in sales during that year.

The ratio improved in 2021 and 2020, showing values of 14.87 and 26.39, respectively, indicating that the company was utilizing its fixed assets more efficiently to generate revenue during those years. The rise in the ratio indicates an increase in revenue relative to the investment in fixed assets during these years.

In 2019, the fixed asset turnover was relatively high at 47.80, suggesting that Astrana Health Inc was efficiently using its fixed assets to generate revenue. Overall, the fluctuation in the fixed asset turnover ratio over the years indicates varying levels of effectiveness in utilizing fixed assets to generate revenue, emphasizing the importance of optimizing asset utilization for financial performance.

Peer comparison

Dec 31, 2023