Astrana Health Inc (ASTH)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,226,280 | 933,361 | 1,073,260 | 1,027,180 | 992,628 | 966,213 | 943,406 | 951,064 | 922,659 | 852,363 | 871,294 | 895,717 | 843,141 | 817,486 | 814,273 | 833,217 | 724,415 | 728,713 | 750,244 | 568,330 |
| Operating ROA | 7.53% | 9.07% | 9.42% | 10.91% | 10.12% | 10.79% | 9.96% | 10.20% | 11.12% | 11.52% | 13.98% | 11.83% | 11.61% | 9.85% | 8.05% | 4.59% | 5.53% | 4.45% | 3.13% | 12.32% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $92,381K ÷ $1,226,280K
= 7.53%
Astrana Health Inc's operating return on assets (operating ROA) has fluctuated over the past 20 quarters, ranging from a low of 3.13% in June 2019 to a high of 13.98% in September 2021. The company's operating ROA showed an increasing trend from the end of 2019 through the first half of 2022, peaking in September 2021. However, it experienced a decline in the most recent quarter, March 2024, where the operating ROA stood at 7.53%.
Overall, Astrana Health Inc's operating ROA has demonstrated variability in its performance over time, suggesting fluctuations in the efficiency of generating operating profit from its assets. It will be essential for the company to analyze the reasons behind these fluctuations to ensure sustained profitability and operational efficiency in the future.