Cross Country Healthcare Inc (CCRN)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,872,980 | 2,510,590 | 1,521,640 | 829,794 | 820,362 |
| Payables | US$ in thousands | 3,040 | 12,863 | 3,143 | — | — |
| Payables turnover | 616.11 | 195.18 | 484.14 | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,872,980K ÷ $3,040K
= 616.11
The payables turnover ratio for Cross Country Healthcares, Inc. for the years 2019, 2020, 2021, 2022, and 2023, were not provided due to missing data. The payables turnover ratio is a measure of how efficiently a company manages its accounts payable by comparing the amount of purchases made on credit to the average accounts payable outstanding during a period. A higher payables turnover ratio typically indicates that the company is paying its suppliers more quickly.
Without the specific payables turnover values for the company in the given years, it is difficult to provide a detailed analysis of Cross Country Healthcares, Inc.'s payables turnover performance over time. In the absence of this critical information, it is recommended for stakeholders to seek further data to assess the company's liquidity management and efficiency in settling its payables.
Peer comparison
Dec 31, 2023