Astrana Health Inc (ASTH)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 92,706 | 86,046 | 100,616 | 93,795 | 22,283 |
| Revenue | US$ in thousands | 1,367,530 | 1,912 | 771,566 | 778,213 | 555,885 |
| Pretax margin | 6.78% | 4,500.31% | 13.04% | 12.05% | 4.01% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $92,706K ÷ $1,367,530K
= 6.78%
Astrana Health Inc's pretax margin has shown significant fluctuations over the past five years, ranging from 4.01% in 2019 to 4,500.31% in 2022. Such extreme variations in pretax margin indicate that there may have been exceptional, one-time events or accounting adjustments that greatly impacted the company's profitability in 2022. The pretax margin returned to more normal levels in 2023, standing at 6.78%, which suggests a more stable operating performance compared to the outlier year of 2022. Further investigation into the underlying reasons for the abnormal pretax margin in 2022 is warranted to assess the true financial health and sustainability of Astrana Health Inc.