Astrana Health Inc (ASTH)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | 3,144.86 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 7.46 | 6.06 | 6.14 | 7.99 | 5.71 | 4.86 | 4.64 | 4.16 | 4.09 | 3.64 | 3.46 | 3.03 | 2.73 | 2.43 | 2.07 | 2.86 | 3.07 | 2.93 | 2.92 | 2.98 |
Astrana Health Inc's activity ratios provide insights into how efficiently the company is managing its assets and operations.
1. Inventory Turnover: This ratio indicates how many times a company's inventory is sold and replaced over a specific period. Astrana Health Inc's data shows that the inventory turnover ratio was 3,144.86 for the quarter ending June 30, 2023. This high ratio suggests that the company is efficiently selling its inventory.
2. Receivables Turnover: This ratio shows how effectively a company is collecting on its credit sales. The data provided indicates that there are no values available for receivables turnover, suggesting a lack of visibility into the efficiency of its receivables collection process.
3. Payables Turnover: This ratio measures how quickly a company pays its suppliers. The absence of values implies a lack of data to assess Astrana Health Inc's payables turnover efficiency.
4. Working Capital Turnover: This ratio evaluates how efficiently a company is utilizing its working capital to generate revenue. The trend in Astrana Health Inc's working capital turnover ratio shows improvement over time, from 2.98 on March 31, 2020, to 7.46 on December 31, 2024. The increasing ratio indicates that the company is utilizing its working capital more efficiently to support its business operations and generate revenue.
Overall, based on the available data, Astrana Health Inc appears to be effectively managing its inventory turnover and working capital to drive operational efficiency and revenue generation. However, the lack of information on receivables and payables turnover limits a comprehensive assessment of the company's overall activity efficiency.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | 0.12 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, Astrana Health Inc's activity ratios can be analyzed as follows:
1. Days of Inventory on Hand (DOH): The days of inventory on hand for Astrana Health Inc have been consistently low, with a slight increase to 0.12 days as of June 30, 2023. This indicates that the company is efficiently managing its inventory levels and quickly converting inventory into sales.
2. Days of Sales Outstanding (DSO): The days of sales outstanding for Astrana Health Inc have not been provided in the data. This ratio typically measures how long it takes for the company to collect payments from its customers, and a lower DSO is generally preferred as it indicates quicker cash conversion.
3. Number of Days of Payables: The number of days of payables for Astrana Health Inc has not been provided in the data. This ratio usually measures how long it takes for the company to pay its suppliers, and a higher number of days of payables can indicate that the company is taking longer to settle its outstanding bills.
In conclusion, based on the available information, Astrana Health Inc appears to have efficient inventory management practices with a low days of inventory on hand. However, further insight into the DSO and number of days of payables would provide a more comprehensive analysis of the company's overall activity and working capital management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 9.15 | 9.24 | 8.87 | 8.67 | 8.94 | 10.11 | 11.28 | 11.55 | 12.29 | 14.75 | 14.18 | 22.80 | 20.98 | 20.95 |
| Total asset turnover | 1.50 | 1.34 | 1.27 | 1.19 | 1.49 | 1.24 | 1.26 | 1.23 | 1.16 | 1.11 | 1.00 | 0.94 | 0.91 | 0.87 | 0.79 | 0.83 | 0.84 | 0.85 | 0.80 | 0.87 |
The Fixed Asset Turnover ratio for Astrana Health Inc has been declining steadily over the past few years, indicating a decreasing efficiency in generating sales from fixed assets. The ratio decreased from a high of 22.80 in September 2020 to 8.87 in December 2022, showing a significant drop in asset utilization efficiency.
On the other hand, the Total Asset Turnover ratio displays a mixed trend for Astrana Health Inc. The ratio fluctuated within a range from 0.79 to 1.49 during the period under consideration. Overall, the company seems to have improved its ability to generate sales from its total assets, with the ratio reaching a peak of 1.50 in December 2024.
In conclusion, while the Total Asset Turnover ratio suggests some improvements in asset utilization efficiency, the downturn in the Fixed Asset Turnover ratio raises concerns about the company's management of its fixed assets to generate revenue. It will be important for Astrana Health Inc to closely monitor and address the declining trend in the Fixed Asset Turnover ratio to ensure optimal utilization of its fixed assets in the future.