Astrana Health Inc (ASTH)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 653,490 | 614,218 | 593,714 | 566,012 | 548,293 | 542,561 | 510,438 | 479,966 | 472,638 | 448,167 | 435,237 | 401,360 | 349,091 | 330,824 | 228,404 | 207,023 | 197,080 | 191,549 | 190,734 | 185,400 |
| ROE | 9.55% | 9.89% | 7.52% | 8.08% | 8.12% | 8.42% | 12.08% | 15.19% | 15.57% | 16.18% | 16.15% | 13.10% | 13.45% | 11.45% | 15.12% | 10.40% | 9.15% | 7.37% | 2.25% | 5.23% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $62,420K ÷ $653,490K
= 9.55%
Astrana Health Inc's return on equity (ROE) has shown fluctuations over the past 20 quarters. The ROE ranged from a low of 2.25% in the fourth quarter of 2019 to a high of 16.18% in the first quarter of 2022.
Overall, the company's ROE has been relatively stable, with a general upward trend from 2020 to 2022. However, there was a slight decline in ROE in the most recent quarter, dropping to 9.55%.
The ROE measures the company's ability to generate profits from its shareholders' equity, indicating how efficiently it is utilizing its capital. Astrana Health Inc's ROE figures suggest that the company has been able to deliver satisfactory returns to its shareholders over the analyzed period, albeit with some variability. Further analysis of the company's financial performance and operational efficiency would be needed to fully understand the factors driving these fluctuations in ROE.