Astrana Health Inc (ASTH)

Fixed asset turnover

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Revenue (ttm) US$ in thousands 1,430,308 1,370,544 1,320,971 1,290,981 1,216,473 1,141,551 1,042,443 956,310 860,054 772,314 753,997 703,282 791,586 779,252 781,220 758,589 625,959 559,479 486,184 498,232
Property, plant and equipment US$ in thousands 6,285 5,471 126,775 122,259 111,661 106,736 102,849 85,746 68,866 51,886 48,980 40,338 29,209 29,490 10,529 11,085 11,376 11,630 12,427 12,101
Fixed asset turnover 227.57 250.51 10.42 10.56 10.89 10.70 10.14 11.15 12.49 14.88 15.39 17.43 27.10 26.42 74.20 68.43 55.02 48.11 39.12 41.17

March 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,430,308K ÷ $6,285K
= 227.57

Fixed asset turnover measures how efficiently a company generates revenue from its investments in fixed assets. Astrana Health Inc's fixed asset turnover has shown significant variability over the past few quarters, ranging from as low as 10.42 to as high as 250.51.

The extremely high fixed asset turnover ratios observed in some quarters, such as 227.57 and 250.51, could indicate that Astrana Health Inc is effectively utilizing its fixed assets to generate revenue. This might suggest that the company is efficient in managing its fixed assets to drive sales or that it has a high volume of low-cost fixed assets relative to its revenue.

On the other hand, the relatively lower fixed asset turnover ratios recorded in some quarters, like 10.42 and 10.56, may imply possible inefficiencies in the utilization of fixed assets or a decline in revenue generated from these assets. These lower ratios could prompt a closer examination of the company's operational efficiency and asset management practices.

Overall, the fluctuating trend in Astrana Health Inc's fixed asset turnover ratio indicates varying levels of effectiveness in converting fixed assets into sales over the quarters. Further analysis and comparison with industry benchmarks could provide more insight into the company's operational performance and efficiency in utilizing its fixed assets.