Astrana Health Inc (ASTH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 60,717 | 45,171 | 68,923 | 37,688 | 14,116 |
| Revenue | US$ in thousands | 1,367,530 | 1,912 | 771,566 | 778,213 | 555,885 |
| Net profit margin | 4.44% | 2,362.50% | 8.93% | 4.84% | 2.54% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $60,717K ÷ $1,367,530K
= 4.44%
The net profit margin of Astrana Health Inc has shown fluctuations over the past five years. In 2019, the net profit margin was 2.54%, which increased to 4.84% in 2020 and further to 8.93% in 2021, indicating an improving trend. However, in 2022, there was a significant spike in the net profit margin to 2,362.50%, which may be an anomaly or require further investigation.
In 2023, the net profit margin decreased to 4.44%, still higher than the 2019 and 2020 levels. This indicates that Astrana Health Inc was able to generate a reasonable level of profit relative to its revenue in 2023, although it was lower than the peak seen in 2022.
Overall, the net profit margin of Astrana Health Inc has demonstrated variability, with notable fluctuations in recent years. Further analysis of the company's financial performance and potential factors influencing these fluctuations would be beneficial to gain a clearer understanding of its profitability trends.