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.
Peer comparison
Mar 31, 2024