Cross Country Healthcare Inc (CCRN)

Fixed asset turnover

		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	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,010,497	2,222,880	2,413,858	2,625,827	2,792,021	2,806,282	2,546,405	2,129,244	1,672,603	1,247,530	1,068,775	954,923	836,417	837,407	852,639	838,617	823,724	808,035	799,552	801,367
Property, plant and equipment	US$ in thousands	27,339	26,262	24,844	23,082	19,662	18,556	18,241	16,706	15,833	14,877	13,578	13,026	12,351	12,363	11,960	11,965	11,832	11,953	12,928	13,641
Fixed asset turnover		73.54	84.64	97.16	113.76	142.00	151.23	139.60	127.45	105.64	83.86	78.71	73.31	67.72	67.73	71.29	70.09	69.62	67.60	61.85	58.75

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,010,497K ÷ $27,339K
= 73.54

Cross Country Healthcares, Inc.'s fixed asset turnover has shown a declining trend over the past four quarters. The ratio decreased from 127.87 in Q1 2022 to 73.88 in Q4 2023, indicating that the company generated $73.88 in net sales for every dollar invested in fixed assets in the most recent quarter. This declining trend suggests that the company may not be efficiently using its fixed assets to generate sales revenue. Management should investigate the reasons behind this trend and consider strategies to improve the utilization of fixed assets to enhance overall operational efficiency and profitability.