Astrana Health Inc (ASTH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,034,540 | 1,386,660 | 1,144,160 | 773,915 | 370,248 |
| Total assets | US$ in thousands | 1,354,890 | 933,361 | 966,213 | 867,361 | 817,486 |
| Total asset turnover | 1.50 | 1.49 | 1.18 | 0.89 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,034,540K ÷ $1,354,890K
= 1.50
Total asset turnover is a measure of how efficiently a company utilizes its assets to generate revenue. In the case of Astrana Health Inc, the total asset turnover has shown a positive trend over the past five years, increasing from 0.45 in December 31, 2020, to 1.50 in December 31, 2024.
This indicates that Astrana Health Inc has been able to generate more revenue relative to its total assets over time, reflecting an improvement in the company's asset utilization efficiency. The significant increase in total asset turnover suggests that the company has become more effective in generating sales from its assets, potentially driven by improved operational efficiency or better asset management strategies.
A total asset turnover ratio of 1.50 in December 31, 2024, indicates that for each dollar of total assets, Astrana Health Inc generated $1.50 in revenue during that period. This high ratio suggests that the company is effectively maximizing its asset base to drive revenue growth, which may be a positive indicator of strong operational performance and potential profitability.
Peer comparison
Dec 31, 2024