Cross Country Healthcare Inc (CCRN)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,481,965 | 2,051,514 | 2,215,526 | 2,385,573 | 2,510,590 | 2,499,683 | 2,264,841 | 1,909,127 | 1,521,645 | 963,603 | 765,292 | 619,000 | 473,971 | 473,171 | 485,400 | 470,524 | 456,980 | 606,628 | 597,589 | 597,303 |
| Payables | US$ in thousands | 3,040 | — | — | — | 12,863 | — | — | — | 3,143 | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | 487.49 | — | — | — | 195.18 | — | — | — | 484.14 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,481,965K ÷ $3,040K
= 487.49
Based on the data provided, Cross Country Healthcares, Inc. has not reported any payables turnover for the quarters Q4 2023, Q3 2022, Q2 2022, and Q1 2022. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable during these periods. This may be a cause for concern as it could suggest inefficiencies in paying its creditors or a potential lack of utilization of trade credit. Further analysis and investigation into the company's payables management practices and overall financial health are warranted to understand the reasons behind the consistently low payables turnover ratios.
Peer comparison
Dec 31, 2023