Astrana Health Inc (ASTH)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,307,150 | 1,043,600 | 660,319 | 590,627 | 513,281 |
| Payables | US$ in thousands | — | — | 9,583 | 9,554 | 6,914 |
| Payables turnover | — | — | 68.91 | 61.82 | 74.24 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,307,150K ÷ $—K
= —
The payables turnover ratio for Astrana Health Inc has shown fluctuations over the past five years. In 2021, the payables turnover ratio was 68.91, indicating that the company was able to pay off its suppliers approximately 68.91 times during the year. This suggests that the company efficiently managed its accounts payable by paying them off multiple times throughout the year.
However, in 2020, the payables turnover ratio decreased to 61.82, signaling a slight decrease in the efficiency of paying off suppliers compared to the previous year. The ratio then improved in 2019 to 74.24, indicating that the company increased its efficiency in managing its payables compared to 2020.
The absence of data for 2022 and 2023 makes it challenging to assess the recent trend in payables turnover for Astrana Health Inc. It is crucial for the company to monitor this ratio consistently to ensure effective management of its accounts payable and maintain good relationships with its suppliers.