Astrana Health Inc (ASTH)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 89,350 | 84,613 | 104,265 | 98,179 | 6,086 |
| Total assets | US$ in thousands | 1,354,890 | 933,361 | 966,213 | 867,361 | 817,486 |
| Operating ROA | 6.59% | 9.07% | 10.79% | 11.32% | 0.74% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $89,350K ÷ $1,354,890K
= 6.59%
Operating ROA is a key financial metric that indicates the efficiency and profitability of a company in generating earnings from its assets utilized in its core operations. For Astrana Health Inc, the Operating ROA has shown a fluctuating trend over the years:
- As of December 31, 2020, the Operating ROA was notably low at 0.74%, suggesting that the company might have faced challenges in efficiently utilizing its assets to generate operating profits.
- There was a significant improvement in performance by December 31, 2021, with the Operating ROA surging to 11.32%. This sharp increase indicates that Astrana Health Inc greatly enhanced its operational efficiency and profitability, possibly through better management of its assets or increased revenue generation.
- The Operating ROA remained strong in the following years, with values of 10.79% as of December 31, 2022, and 9.07% as of December 31, 2023. These figures reflect the company's ability to maintain a relatively high level of profitability relative to its assets.
- However, there was a decline in the Operating ROA to 6.59% by December 31, 2024. While still positive, this decrease may signal a dip in the company's operational performance or efficiency in utilizing its assets.
Overall, Astrana Health Inc's Operating ROA has shown fluctuations but generally indicates improvements in operational efficiency and profitability, with some variation in performance levels over the years. Monitoring this metric can help stakeholders assess how well the company is utilizing its assets to generate operating profits.
Peer comparison
Dec 31, 2024