Astrana Health Inc (ASTH)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,034,540 | 1,722,367 | 1,591,830 | 1,453,774 | 1,386,662 | 1,327,834 | 1,296,662 | 1,218,150 | 1,144,164 | 1,045,056 | 955,172 | 861,113 | 773,913 | 755,596 | 708,602 | 698,133 | 687,180 | 689,148 | 665,085 | 629,966 |
| Total assets | US$ in thousands | 1,354,890 | 1,285,380 | 1,252,470 | 1,226,280 | 933,361 | 1,073,260 | 1,027,180 | 992,628 | 989,915 | 943,406 | 951,064 | 912,331 | 852,363 | 871,294 | 894,430 | 843,280 | 817,486 | 814,273 | 833,217 | 724,415 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,034,540K ÷ $1,354,890K
= 1.50
Astrana Health Inc's total asset turnover ratio has shown fluctuations over the analyzed periods, starting at 0.87 on March 31, 2020, and reaching its peak at 1.50 on December 31, 2024. Generally, a higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets, reflecting efficient asset utilization.
It is notable that the total asset turnover ratio exhibited an increasing trend from the beginning of the data series until the end of 2024, with some minor fluctuations in-between. This improvement suggests that Astrana Health Inc has been able to more effectively utilize its assets to generate sales over time.
The ratio surpassing 1.0 from June 30, 2022, onwards indicates that the company is generating more in sales than it holds in total assets, which could be a positive sign of efficient operations and effective asset management.
However, the decrease in the ratio observed in some quarters, such as June 30, 2021, and March 31, 2024, should be further investigated to determine the reasons behind the decline and assess whether it indicates any underlying issues in asset management or sales performance.
Overall, the increasing trend in the total asset turnover ratio of Astrana Health Inc suggests improved efficiency in utilizing its assets to generate revenue, which is a positive indicator of the company's operational performance and potential financial health.
Peer comparison
Dec 31, 2024