Astrana Health Inc (ASTH)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 62,420 | 60,717 | 44,633 | 45,759 | 44,539 | 45,671 | 61,678 | 72,897 | 73,605 | 72,492 | 70,270 | 52,579 | 46,965 | 37,866 | 34,536 | 21,527 | 18,028 | 14,116 | 4,293 | 9,695 |
| 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 |
| ROA | 5.09% | 6.51% | 4.16% | 4.45% | 4.49% | 4.73% | 6.54% | 7.66% | 7.98% | 8.50% | 8.07% | 5.87% | 5.57% | 4.63% | 4.24% | 2.58% | 2.49% | 1.94% | 0.57% | 1.71% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $62,420K ÷ $1,226,280K
= 5.09%
Based on the provided data, Astrana Health Inc's return on assets (ROA) has shown fluctuations over the past few quarters. The ROA ranged from a low of 1.71% in September 2019 to a peak of 8.50% in March 2022.
In recent quarters, the ROA has generally been above 4%, indicating that the company has been able to generate a positive return on its total assets. The highest ROA of 8.50% in March 2022 suggests that Astrana Health Inc was particularly efficient in utilizing its assets to generate profits during that period.
However, the ROA saw a decrease in the most recent quarter, dropping to 5.09% in March 2024. This decline may indicate a potential decrease in profitability relative to the assets employed by the company during that period.
Overall, Astrana Health Inc's ROA has shown variability over the periods analyzed, highlighting the importance for the company to effectively manage its assets to maximize profitability.