Astrana Health Inc (ASTH)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 92,381 | 84,615 | 101,065 | 112,073 | 100,426 | 104,264 | 93,932 | 97,001 | 102,607 | 98,177 | 121,805 | 106,001 | 97,919 | 80,503 | 65,560 | 38,270 | 40,092 | 32,420 | 23,490 | 70,001 |
| 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 |
| Operating profit margin | 6.46% | 6.17% | 7.65% | 8.68% | 8.26% | 9.13% | 9.01% | 10.14% | 11.93% | 12.71% | 16.15% | 15.07% | 12.37% | 10.33% | 8.39% | 5.04% | 6.40% | 5.79% | 4.83% | 14.05% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $92,381K ÷ $1,430,308K
= 6.46%
The operating profit margin of Astrana Health Inc has shown fluctuations over the past several quarters. The margin was relatively stable in 2020, ranging from 8.39% to 10.33%. However, in 2021, there was a significant increase in the operating profit margin, reaching as high as 16.15% in the third quarter of that year.
In more recent quarters, the operating profit margin has been somewhat volatile, with a general downward trend. The margin decreased to 6.46% in the first quarter of 2024 from 7.65% in the third quarter of 2023. This indicates that the company's profitability from its core operations has been under pressure in the recent quarters.
It is important for Astrana Health Inc to closely monitor and manage its operating expenses and revenue generation to sustain and enhance its operating profit margin in order to ensure long-term profitability and financial health.