Astrana Health Inc (ASTH)
Total asset 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 |
| Total assets | US$ in thousands | 1,226,280 | 933,361 | 1,073,260 | 1,027,180 | 992,628 | 966,213 | 943,406 | 951,064 | 922,659 | 852,363 | 871,294 | 895,717 | 843,141 | 817,486 | 814,273 | 833,217 | 724,415 | 728,713 | 750,244 | 568,330 |
| Total asset turnover | 1.17 | 1.47 | 1.23 | 1.26 | 1.23 | 1.18 | 1.10 | 1.01 | 0.93 | 0.91 | 0.87 | 0.79 | 0.94 | 0.95 | 0.96 | 0.91 | 0.86 | 0.77 | 0.65 | 0.88 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,430,308K ÷ $1,226,280K
= 1.17
Total asset turnover measures how efficiently a company generates revenue from its assets. A higher total asset turnover indicates that the company is utilizing its assets effectively to generate sales. Looking at the data for Astrana Health Inc, the total asset turnover has fluctuated over the past few quarters, ranging from 0.65 to 1.47.
In the most recent quarter, Mar 31, 2024, the total asset turnover was 1.17, indicating that the company generated $1.17 in revenue for every dollar of assets it has. This suggests that Astrana Health Inc is effectively using its assets to generate sales.
The trend over the past few quarters shows improvement in total asset turnover, with some fluctuations. From Dec 31, 2019 to Mar 31, 2024, the total asset turnover has generally increased, indicating better efficiency in utilizing assets to generate revenue. However, there are some fluctuations in between quarters.
Overall, based on the trend observed, Astrana Health Inc has shown an improving efficiency in generating revenue from its assets, with the most recent total asset turnover of 1.17 being a positive indicator of the company's operational efficiency.