Astrana Health Inc (ASTH)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 2,602.93 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 802.19 | 114.29 | 880.06 | 1,074.92 | 7.76 | 9.08 | 4.86 | 5.48 | 5.77 | 8.25 | 9.18 | 7.49 | 9.01 | 12.85 | 11.13 | 7.64 | 5.78 | 5.65 | 6.12 | 4.98 |
| 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 |
| Working capital turnover | 7.79 | 5.64 | 4.83 | 4.62 | 4.16 | 4.08 | 3.63 | 3.38 | 3.02 | 2.73 | 2.43 | 2.05 | 3.20 | 3.49 | 3.32 | 3.33 | 2.96 | 2.50 | 2.25 | 5.58 |
The activity ratios of Astrana Health Inc indicate the efficiency of the company in managing its assets and liabilities during the specified time periods:
1. Inventory Turnover:
- The inventory turnover ratio for Astrana Health Inc is not available for most of the periods, except for June 30, 2023, where it was exceptionally high at 2,602.93 times. This suggests that the company effectively managed its inventory levels during that period.
2. Receivables Turnover:
- The receivables turnover ratio fluctuated significantly over the periods, ranging from 802.19 to 114.29. This indicates inconsistency in collecting receivables, with a notable improvement seen in March 31, 2021, and December 31, 2020.
3. Payables Turnover:
- The payables turnover ratio also varied across the periods, with a considerable increase observed in September 30, 2022, indicating faster payment to suppliers. This trend continued with fluctuations in subsequent periods, highlighting the company's management of its payables effectively.
4. Working Capital Turnover:
- The working capital turnover ratio shows how efficiently Astrana Health Inc generates revenue from its working capital. The ratio fluctuated, but generally remained above 2 times, indicating effective management of working capital to support revenue generation.
In summary, Astrana Health Inc exhibited mixed performance in its activity ratios over the periods, showing strengths in inventory management, improvements in receivables collection, efficient payables management, and relatively stable utilization of working capital to drive revenue generation.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | 0.14 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 0.46 | 3.19 | 0.41 | 0.34 | 47.04 | 40.21 | 75.15 | 66.66 | 63.21 | 44.25 | 39.77 | 48.72 | 40.50 | 28.42 | 32.79 | 47.76 | 63.10 | 64.55 | 59.60 | 73.32 |
| Number of days of payables | days | — | — | — | — | — | — | 10.10 | 4.98 | 4.95 | 5.43 | 13.33 | 6.86 | 5.91 | 5.90 | 5.75 | 6.23 | 4.91 | 4.95 | 3.50 | 4.21 |
Astrana Health Inc's activity ratios provide insights into how efficiently the company manages its assets and liabilities.
Days of Inventory on Hand (DOH):
- The company's DOH data is not available for most of the periods, but we observe that in June 2023, the company had 0.14 days of inventory on hand, indicating a very efficient inventory management approach.
- Lack of data in other periods makes it difficult to analyze the trend of this metric.
Days of Sales Outstanding (DSO):
- DSO measures how quickly the company collects its receivables. In the most recent period, March 31, 2024, the company improved significantly with DSO of 0.46 days, reflecting a prompt collection of receivables.
- There was a significant improvement compared to the previous periods, where DSO fluctuated widely. The company managed to reduce DSO from as high as 75.15 days in September 2022 to 0.46 days in March 2024.
Number of Days of Payables:
- The number of days of payables measures how long the company takes to pay its suppliers. Astrana Health Inc's data show an inconsistent trend in this metric.
- In some periods, the company paid its payables relatively quickly, while in others, there was more delay. For example, in September 2022, the number of days of payables was 10.10 days, indicating delayed payments compared to the other periods.
Overall, Astrana Health Inc has shown improvement in its activity ratios, particularly in managing inventory and collecting receivables efficiently. However, the company's management of payables needs to be more consistent to ensure balanced cash flow management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.17 | 1.47 | 1.23 | 1.26 | 1.23 | 1.18 | 1.10 | 1.01 | 0.93 | 0.91 | 0.87 | 0.79 | 0.94 | 0.95 | 0.96 | 0.91 | 0.86 | 0.77 | 0.65 | 0.88 |
Astrana Health Inc's fixed asset turnover ratio has shown significant fluctuations over the periods analyzed, ranging from a low of 10.42 to a high of 250.51. This ratio measures how efficiently the company is generating revenue from its fixed assets. The higher the ratio, the better the company is utilizing its fixed assets to generate sales.
On the other hand, the total asset turnover ratio has also varied, albeit to a lesser extent, from 0.65 to 1.47. This ratio indicates how well the company is utilizing all its assets to generate sales. A higher total asset turnover ratio signifies that the company is generating more sales relative to its total assets.
Overall, the fixed asset turnover ratio for Astrana Health Inc has been quite volatile, reflecting fluctuations in how efficiently the company is utilizing its fixed assets to generate revenue. In contrast, the total asset turnover ratio has shown a relatively steadier trend, indicating a more consistent performance in utilizing all assets to generate sales.