Astrana Health Inc (ASTH)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,034,540 | 1,722,367 | 1,591,830 | 1,453,774 | 1,386,662 | 1,327,834 | 1,296,662 | 1,218,150 | 1,144,164 | 1,045,056 | 955,172 | 861,113 | 773,913 | 755,596 | 708,602 | 698,133 | 687,180 | 689,148 | 665,085 | 629,966 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 141,764 | 131,792 | 128,980 | 120,487 | 106,784 | 85,136 | 68,627 | 65,414 | 57,666 | 47,347 | 48,464 | 30,227 | 31,704 | 30,075 |
| Fixed asset turnover | — | — | — | — | — | — | 9.15 | 9.24 | 8.87 | 8.67 | 8.94 | 10.11 | 11.28 | 11.55 | 12.29 | 14.75 | 14.18 | 22.80 | 20.98 | 20.95 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,034,540K ÷ $—K
= —
Fixed asset turnover is a financial ratio used to assess a company's efficiency in generating sales revenue from its investment in fixed assets. The trend analysis of Astrana Health Inc's fixed asset turnover reveals a consistent decline over the past few periods.
The fixed asset turnover ratio decreased from a high of 22.80 in September 2020 to 8.87 in December 2022. This downward trend indicates that the company may not be utilizing its fixed assets as effectively to generate sales. A lower fixed asset turnover ratio suggests that the company is not generating sufficient revenue in proportion to its investment in fixed assets.
The decreasing trend in fixed asset turnover could raise concerns about the company's operational efficiency and asset management. It may indicate inefficiencies in production, underutilization of assets, or declining sales relative to the value of fixed assets.
Further analysis and investigation into the reasons behind this declining trend in fixed asset turnover would be necessary to identify potential issues and implement strategies to improve the company's efficiency in utilizing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024