Astrana Health Inc (ASTH)

Payables 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
Cost of revenue (ttm)	US$ in thousands	1,367,918	1,017,750	940,055	898,011	831,339	1,043,599	919,324	826,960	727,380	644,596	631,048	595,083	588,476	590,610	607,458	610,713	575,924	509,382	453,332	413,818
Payables	US$ in thousands	—	—	—	—	—	—	25,437	11,280	9,868	9,583	23,051	11,192	9,535	9,554	9,569	10,425	7,745	6,914	4,353	4,769
Payables turnover		—	—	—	—	—	—	36.14	73.31	73.71	67.26	27.38	53.17	61.72	61.82	63.48	58.58	74.36	73.67	104.14	86.77

March 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,367,918K ÷ $—K
= —

The payables turnover ratio for Astrana Health Inc has shown inconsistency over the past few quarters. The ratio indicates how efficiently the company is managing its accounts payable by comparing it to the cost of goods sold.

In the most recent quarter, the payables turnover ratio was not available based on the provided data. However, in the previous quarter, the ratio was 36.14, which indicates that the company was taking approximately 36 days to pay its suppliers on average.

Looking at the trend over the past few quarters, there seems to be variability in the payables turnover ratio, with some quarters showing higher turnover ratios (e.g., 73.31 in Dec 2022) and some showing lower turnover ratios (e.g., 27.38 in Sep 2021). This inconsistency could be attributed to various factors such as changes in payment terms with suppliers, fluctuations in the cost of goods sold, or changes in the company's purchasing processes.

Overall, it would be advisable for Astrana Health Inc to closely monitor and analyze its payables turnover ratio to ensure efficient management of its accounts payable and maintain good relationships with its suppliers.