Astrana Health Inc (ASTH)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 62,390 | 352,794 | 655,222 | 667,276 | 659,440 | 372,258 | 273,150 | 279,381 | 282,705 | 277,749 | 259,432 | 244,682 | 339,593 | 325,125 | 327,093 | 301,208 | 203,367 | 203,429 | 32,853 | 84,414 |
| 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 |
| Gross profit margin | 4.36% | 25.74% | 49.60% | 51.69% | 54.21% | 32.61% | 26.20% | 29.21% | 32.87% | 35.96% | 34.41% | 34.79% | 42.90% | 41.72% | 41.87% | 39.71% | 32.49% | 36.36% | 6.76% | 16.94% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $62,390K ÷ $1,430,308K
= 4.36%
The gross profit margin of Astrana Health Inc has shown significant fluctuation over the past few quarters, ranging from as low as 4.36% to as high as 54.21%. The gross profit margin is a key indicator of a company's profitability and efficiency in managing its production costs.
The trend observed indicates that there have been periods of strong performance, with gross profit margins exceeding 40%, particularly in the latter part of 2020 and early 2021. This suggests that the company was able to generate a substantial profit after accounting for the cost of goods sold during those periods.
However, there are also instances where the gross profit margin dropped significantly, such as in the first quarter of 2020 and the first quarter of 2024, where margins were below 10%. This could be indicative of challenges in maintaining profitability or managing production costs effectively during those specific periods.
Overall, the analysis of Astrana Health Inc's gross profit margin reveals a varying performance over the past few quarters, indicating fluctuations in profitability and cost management practices. Further investigation into the factors influencing these fluctuations would be necessary to gain a deeper understanding of the company's financial health.