Astrana Health Inc (ASTH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 60,384 | -1,041,690 | 111,247 | 187,586 | 42,604 |
| Revenue | US$ in thousands | 1,367,530 | 1,912 | 771,566 | 778,213 | 555,885 |
| Gross profit margin | 4.42% | -54,481.69% | 14.42% | 24.10% | 7.66% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $60,384K ÷ $1,367,530K
= 4.42%
The gross profit margin of Astrana Health Inc has fluctuated significantly over the past five years. In 2023, the gross profit margin was 4.42%, indicating that the company generated approximately 4.42% of sales revenue as gross profit. This figure represents a significant improvement from the previous year, where the gross profit margin was -54,481.69%, which suggests that the company incurred a substantial gross loss.
In 2022, the gross profit margin rebounded to 14.42%, showing a positive trend compared to the prior year. The company performed even better in 2021 with a gross profit margin of 24.10%, indicating a healthy level of profitability. However, in 2020 and 2019, the gross profit margins were 7.66% and 7.66%, respectively, which were lower compared to 2021.
Overall, the fluctuating trend in Astrana Health Inc's gross profit margin indicates potential challenges in managing costs and maintaining profitability. It would be advisable for the company to closely monitor its cost structure and pricing strategies to ensure consistent and sustainable profitability in the future.