Astrana Health Inc (ASTH)
Working capital 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 current assets | US$ in thousands | 318,873 | 461,507 | 428,125 | 404,460 | 338,577 |
| Total current liabilities | US$ in thousands | 222,688 | 218,674 | 148,610 | 114,719 | 114,992 |
| Working capital turnover | 21.15 | 5.71 | 4.09 | 2.67 | 1.66 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,034,540K ÷ ($318,873K – $222,688K)
= 21.15
The working capital turnover of Astrana Health Inc has shown a consistent upward trend over the past five years. Starting at 1.66 in December 2020, it increased to 2.67 by December 2021, further rose to 4.09 by December 2022, and reached 5.71 by December 2023. The most significant surge was observed in December 2024, where the working capital turnover spiked to 21.15. This notable increase indicates that Astrana Health Inc is effectively utilizing its working capital to generate sales revenue. A higher working capital turnover ratio signifies that the company is efficiently managing its working capital to support its sales growth, which can be seen as a positive sign for its overall financial performance and operational efficiency.
Peer comparison
Dec 31, 2024