Astrana Health Inc (ASTH)
Working capital 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 current assets | US$ in thousands | 638,496 | 596,990 | 569,149 | 537,210 | 461,507 | 476,229 | 465,063 | 457,688 | 428,125 | 443,616 | 461,038 | 444,416 | 398,782 | 427,212 | 470,550 | 370,275 | 338,577 | 366,698 | 380,545 | 318,063 |
| Total current liabilities | US$ in thousands | 365,608 | 312,928 | 309,825 | 355,272 | 218,674 | 202,957 | 185,794 | 164,954 | 148,610 | 156,191 | 185,238 | 160,436 | 115,371 | 116,759 | 128,088 | 126,347 | 114,992 | 131,461 | 152,507 | 106,605 |
| Working capital turnover | 7.46 | 6.06 | 6.14 | 7.99 | 5.71 | 4.86 | 4.64 | 4.16 | 4.09 | 3.64 | 3.46 | 3.03 | 2.73 | 2.43 | 2.07 | 2.86 | 3.07 | 2.93 | 2.92 | 2.98 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,034,540K ÷ ($638,496K – $365,608K)
= 7.46
Working capital turnover is a financial ratio that measures how efficiently a company utilizes its working capital to generate sales revenue. A higher working capital turnover indicates better efficiency in managing working capital.
Based on the provided data for Astrana Health Inc, the working capital turnover has shown fluctuating trends over the periods. The ratio ranged from a low of 2.07 on June 30, 2021, to a high of 7.99 on March 31, 2024. Overall, the company's working capital turnover has been trending upwards over the years, with significant improvements seen in recent periods.
The increasing trend in working capital turnover signifies that Astrana Health Inc has been able to generate a higher level of sales revenue relative to its working capital investment. This may indicate effective working capital management, improved operational efficiency, or better utilization of resources.
However, despite the generally positive trend, it is important to further analyze the reasons behind the fluctuations in the working capital turnover ratio to understand the company's financial performance comprehensively. Further evaluation of Astrana Health Inc's working capital management practices and overall business operations would provide more insights into its efficiency and financial health.
Peer comparison
Dec 31, 2024