Astrana Health Inc (ASTH)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 94,631 | 92,707 | 86,943 | 95,393 | 85,516 | 85,922 | 86,313 | 79,890 | 103,427 | 102,895 | 116,854 | 110,190 | 108,253 | 93,973 | 80,424 | 60,346 | 29,198 | 22,283 | 9,797 | 26,103 |
| 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 |
| Pretax margin | 6.62% | 6.76% | 6.58% | 7.39% | 7.03% | 7.53% | 8.28% | 8.35% | 12.03% | 13.32% | 15.50% | 15.67% | 13.68% | 12.06% | 10.29% | 7.96% | 4.66% | 3.98% | 2.02% | 5.24% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $94,631K ÷ $1,430,308K
= 6.62%
The pretax margin of Astrana Health Inc has fluctuated over the past few quarters. From March 2020 to March 2022, the pretax margin showed a steady increasing trend, reaching a peak of 15.50% in September 2021. However, from December 2021 to March 2024, the pretax margin has been decreasing, with the latest reported figure standing at 6.62% as of March 31, 2024. This downward trend in pretax margin may indicate potential challenges in managing costs or generating sufficient revenue to cover operating expenses before taxes. Further analysis of the company's financial performance and operational efficiency is warranted to understand the factors contributing to this decline in pretax margin.