Astrana Health Inc (ASTH)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 113,915 | 114,087 | 120,213 | 114,852 | 105,941 | 112,622 | 114,513 | 97,873 | 94,536 | 60,130 | 11,907 | 79,727 | 83,143 | 130,633 | 173,812 | 103,394 | 88,087 | 65,763 | 44,365 | 43,665 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 712,720 | 704,616 | 678,874 | 653,490 | 614,218 | 593,714 | 566,012 | 560,044 | 542,561 | 510,438 | 479,966 | 473,985 | 454,550 | 435,897 | 401,360 | 349,091 | 330,824 | 228,404 | 207,023 | 197,080 |
| Return on total capital | 15.98% | 16.19% | 17.71% | 17.58% | 17.25% | 18.97% | 20.23% | 17.48% | 17.42% | 11.78% | 2.48% | 16.82% | 18.29% | 29.97% | 43.31% | 29.62% | 26.63% | 28.79% | 21.43% | 22.16% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $113,915K ÷ ($—K + $712,720K)
= 15.98%
Astrana Health Inc's return on total capital has varied over the past few years, starting from a healthy 22.16% in March 2020. Subsequently, the return saw fluctuations, reaching a peak of 43.31% in June 2021, reflecting potentially strong performance and efficient use of the company's capital resources. However, the return on total capital decreased significantly in the following quarters, dropping to as low as 2.48% in June 2022 before gradually recovering. Despite some fluctuations, the return remained above 15% for most quarters, indicating that the company has been generally effective in generating profits relative to the total capital employed. Overall, while there have been ups and downs, Astrana Health Inc has demonstrated a capability to optimize its total capital in generating returns over the analyzed period.
Peer comparison
Dec 31, 2024