Astrana Health Inc (ASTH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,367,530 | 1,912 | 771,566 | 778,213 | 555,885 |
| Receivables | US$ in thousands | 11,992 | 125,750 | 93,631 | 60,665 | 98,950 |
| Receivables turnover | 114.04 | 0.02 | 8.24 | 12.83 | 5.62 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,367,530K ÷ $11,992K
= 114.04
The receivables turnover for Astrana Health Inc has varied significantly over the past five years. In 2023, the receivables turnover ratio improved significantly to 114.04, indicating that the company collected its accounts receivables 114.04 times during the year. This substantial increase from the previous year's extremely low ratio of 0.02 suggests a significant improvement in the efficiency of collecting receivables.
The low ratio in 2022 implies that the company struggled to collect its receivables efficiently during that period. However, there was a notable improvement in 2021 with a ratio of 8.24, suggesting that the company started to collect its outstanding receivables more frequently.
In 2020, the receivables turnover ratio was 12.83, indicating a continued improvement in collections compared to the prior year. Similarly, in 2019, the ratio was 5.62, indicating that the company collected its receivables 5.62 times during that year.
Overall, the trend in the receivables turnover ratio for Astrana Health Inc shows fluctuations over the years, with significant improvements in recent years. It is important for the company to maintain a high receivables turnover ratio to ensure timely collection of outstanding payments and efficient management of its receivables.
Peer comparison
Dec 31, 2023