Astrana Health Inc (ASTH)
Working capital 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 current assets | US$ in thousands | 538,810 | 461,507 | 476,229 | 465,063 | 457,688 | 428,125 | 443,616 | 468,085 | 445,423 | 398,782 | 427,212 | 471,976 | 370,275 | 338,577 | 366,698 | 380,545 | 318,063 | 329,068 | 321,361 | 167,626 |
| Total current liabilities | US$ in thousands | 355,272 | 218,674 | 202,957 | 185,794 | 164,954 | 148,610 | 156,191 | 185,238 | 160,436 | 115,371 | 116,759 | 128,088 | 122,553 | 114,992 | 131,461 | 152,507 | 106,605 | 105,424 | 105,195 | 78,338 |
| Working capital turnover | 7.79 | 5.64 | 4.83 | 4.62 | 4.16 | 4.08 | 3.63 | 3.38 | 3.02 | 2.73 | 2.43 | 2.05 | 3.20 | 3.49 | 3.32 | 3.33 | 2.96 | 2.50 | 2.25 | 5.58 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,430,308K ÷ ($538,810K – $355,272K)
= 7.79
The working capital turnover of Astrana Health Inc has shown fluctuating trends over the past few quarters. The ratio has varied between 2.05 to 7.79, indicating the company's ability to efficiently utilize its working capital to generate sales revenue.
A higher working capital turnover ratio typically indicates that the company is effectively managing its working capital and generating more sales relative to the amount of working capital invested. In this case, Astrana Health Inc's working capital turnover has generally been on an increasing trend, reaching a peak of 7.79 as of March 31, 2024.
This increasing trend is a positive sign that the company is becoming more efficient in utilizing its resources to drive revenue growth. However, it is essential to monitor this ratio continuously to ensure that the company maintains its operational efficiency and liquidity.
Peer comparison
Mar 31, 2024