Astrana Health Inc (ASTH)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,430,308 | 1,370,544 | 1,320,971 | 1,290,981 | 1,216,473 | 1,141,551 | 1,042,443 | 956,310 | 860,054 | 772,314 | 753,997 | 703,282 | 791,586 | 779,252 | 781,220 | 758,589 | 625,959 | 559,479 | 486,184 | 498,232 |
| Receivables | US$ in thousands | 1,783 | 11,992 | 1,501 | 1,201 | 156,782 | 125,750 | 214,617 | 174,655 | 148,950 | 93,631 | 82,152 | 93,869 | 87,838 | 60,665 | 70,188 | 99,260 | 108,210 | 98,950 | 79,392 | 100,090 |
| 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 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,430,308K ÷ $1,783K
= 802.19
The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. Higher values indicate better efficiency in collecting payments, while lower values suggest that the company may be facing difficulties in collecting receivables in a timely manner.
Based on the data provided for Astrana Health Inc, the receivables turnover ratios have fluctuated significantly over the periods analyzed. The ratio has ranged from a low of 4.86 to a high of 1,074.92, reflecting substantial variability in the company's ability to collect payments from customers.
The highest receivables turnover ratio of 1,074.92 reported in Jun 30, 2023, indicates an exceptional efficiency in converting receivables into cash during that period. However, this may be an outlier or influenced by specific events impacting collections during that particular quarter.
On the other hand, the lowest ratio of 4.86 recorded in Sep 30, 2022, and the persistent low values in subsequent periods like Jun 30, 2022, and Dec 31, 2021, may indicate potential challenges in collecting receivables efficiently during those periods. This could be due to factors such as slow-paying customers, ineffective credit policies, or economic downturns affecting customer payments.
Overall, the fluctuating nature of the receivables turnover ratios for Astrana Health Inc suggests a need for the company to closely monitor its accounts receivable management processes and strategies to ensure timely and efficient collection of payments from customers.