Astrana Health Inc (ASTH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 60,717 | 45,171 | 68,923 | 37,688 | 14,116 |
| Total assets | US$ in thousands | 933,361 | 966,213 | 852,363 | 817,486 | 728,713 |
| ROA | 6.51% | 4.68% | 8.09% | 4.61% | 1.94% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $60,717K ÷ $933,361K
= 6.51%
Astrana Health Inc's return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA for the company was 6.51% in 2023, which indicates that the company generated 6.51 cents of profit for every dollar of assets it owns. This represents an improvement compared to the previous year, where the ROA was 4.68%.
In 2021, Astrana Health Inc's ROA was at its highest level at 8.09%, suggesting that the company was able to efficiently utilize its assets to generate profits. This was a significant improvement from the ROA of 4.61% in 2020 and 1.94% in 2019.
Overall, the company's ROA performance indicates that Astrana Health Inc has been able to improve its asset utilization and profitability over the years, with a particularly strong performance in 2021. Investors and stakeholders may view this positively as it shows that the company is effectively generating profits from its asset base. However, it is essential to monitor future ROA trends to assess the company's ongoing financial performance and efficiency in utilizing its assets.