Astrana Health Inc (ASTH)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 84,613 | 104,265 | 98,179 | 80,503 | 32,420 |
| Total assets | US$ in thousands | 933,361 | 966,213 | 852,363 | 817,486 | 728,713 |
| Operating ROA | 9.07% | 10.79% | 11.52% | 9.85% | 4.45% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $84,613K ÷ $933,361K
= 9.07%
Astrana Health Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. The operating ROA decreased from 11.52% in 2021 to 9.85% in 2020, then increased to 10.79% in 2022, and further declined to 9.07% in 2023. Notably, the operating ROA has generally been on an upward trajectory since 2019 when it was at 4.45%.
The operating ROA indicates the company's efficiency in generating operating income from its assets. A higher operating ROA percentage suggests that the company is using its assets more efficiently to generate profits. However, the fluctuating trend in Astrana Health Inc's operating ROA may suggest variability in the company's operational performance and asset utilization efficiency over the years.
Further analysis of the underlying factors contributing to these fluctuations, such as changes in revenue, expenses, or asset utilization practices, could provide insights into the company's operational efficiency and profitability dynamics. Monitoring Astrana Health Inc's operating ROA trend over time can help stakeholders assess the company's financial health and operational performance.