Astrana Health Inc (ASTH)
Return on total capital
| 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 interest and tax (EBIT) (ttm) | US$ in thousands | 115,049 | 108,809 | 102,593 | 109,686 | 98,031 | 96,241 | 92,713 | 84,835 | 108,371 | 108,289 | 122,689 | 117,524 | 116,407 | 103,472 | 91,814 | 70,098 | 36,588 | 27,016 | 11,334 | 26,991 |
| Long-term debt | US$ in thousands | 368,448 | 258,939 | 206,213 | 205,136 | 204,944 | 203,389 | 199,150 | 199,068 | 183,101 | 7,114 | 182,813 | 182,705 | 226,937 | 230,211 | 226,051 | 230,455 | 230,105 | 232,172 | 234,149 | — |
| 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 |
| Return on total capital | 11.26% | 12.46% | 12.83% | 14.22% | 13.01% | 12.90% | 13.07% | 12.49% | 16.53% | 23.79% | 19.85% | 20.12% | 20.21% | 18.44% | 20.20% | 16.02% | 8.56% | 6.38% | 2.67% | 14.56% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $115,049K ÷ ($368,448K + $653,490K)
= 11.26%
Astrana Health Inc's return on total capital has shown fluctuations over the past few quarters. The return on total capital was relatively stable around 12% for most of the periods, with a slight increase in some quarters. However, there was a significant spike in the return on total capital in the first quarter of 2022 to 23.79%, followed by a decrease in the following quarter.
The return on total capital for the most recent quarter, March 31, 2024, stood at 11.26%, lower than the previous quarter. This could indicate a potential decrease in the efficiency of utilizing total capital to generate profits.
Overall, Astrana Health Inc's return on total capital has shown some volatility, with periods of high and low returns. It would be important to monitor future trends to assess the company's profitability and capital management strategies.
Peer comparison
Mar 31, 2024