Cross Country Healthcare Inc (CCRN)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover — 429.28 328.08 218.12 226.85 632.51 334.34 248.29 198.96 281.92 147.65 114.00 86.89 141.33 92.02 73.82 74.95 161.17 104.73 123.31
Receivables turnover 5.10 5.25 4.86 4.13 4.21 4.55 3.60 3.12 3.34 4.08 4.09 3.82 4.74 4.82 5.28 4.93 4.67 4.62 5.16 4.95
Payables turnover 487.49 — — — 195.18 — — — 484.14 — — — — — — — — — — —
Working capital turnover 7.54 8.50 8.33 6.84 6.91 7.32 5.66 5.21 5.42 7.40 6.54 6.45 9.33 9.76 11.25 9.15 8.41 8.40 8.59 8.29

The activity ratios of Cross Country Healthcares, Inc. provide insights into how efficiently the company is managing its resources related to inventory, receivables, payables, and working capital.

1. Inventory turnover: Unfortunately, data for inventory turnover is missing from the provided table, so we are unable to analyze the efficiency of inventory management during the periods specified.

2. Receivables turnover: The receivables turnover ratio indicates that Cross Country Healthcares, Inc. was able to collect its accounts receivables approximately 5.29 to 4.16 times per year across the specified quarters in 2023. A higher turnover suggests effective management of credit policies and collections, leading to quicker cash inflows.

3. Payables turnover: Data for payables turnover was only available for Q4 2022, showing a turnover ratio of 0.00. This implies that the company did not have any payables turnover during that quarter, which could be due to various reasons such as prompt payment practices or specific industry norms.

4. Working capital turnover: The working capital turnover ratios for Cross Country Healthcares, Inc. ranged from 5.22 to 8.54 during the specified quarters in 2023. A higher turnover in working capital indicates that the company efficiently utilizes its working capital resources to generate sales revenue.

In conclusion, while the information on inventory turnover is missing and payables turnover is limited, the analysis of receivables and working capital turnovers suggests that Cross Country Healthcares, Inc. has been effectively managing its receivables and working capital to support its business operations.

Average number of days

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
Days of inventory on hand (DOH) days — 0.85 1.11 1.67 1.61 0.58 1.09 1.47 1.83 1.29 2.47 3.20 4.20 2.58 3.97 4.94 4.87 2.26 3.49 2.96
Days of sales outstanding (DSO) days 71.51 69.53 75.13 88.42 86.69 80.26 101.44 117.04 109.30 89.44 89.21 95.65 76.98 75.69 69.07 74.09 78.13 79.04 70.75 73.68
Number of days of payables days 0.75 — — — 1.87 — — — 0.75 — — — — — — — — — — —

The Days of Inventory on Hand (DOH) data is missing for all quarters, making it difficult to analyze Cross Country Healthcares, Inc.'s efficiency in managing its inventory levels over time.

In terms of Days of Sales Outstanding (DSO), the company's collection period has shown some fluctuations. In Q4 2023, DSO improved slightly to 68.93 days compared to the previous quarter's 68.33 days. This indicates that Cross Country Healthcares collected its accounts receivable more efficiently during the last quarter of 2023. However, it is important to note that DSO was significantly higher in Q1 2023 and Q2 2023 at 87.68 days and 74.08 days, respectively. Overall, Cross Country Healthcares appears to have made progress in its receivables management compared to the prior two quarters, but it should continue to monitor and improve its collection process.

The Number of Days of Payables data is missing for all quarters, which hinders the assessment of the company's payment period to suppliers. This missing information makes it challenging to evaluate Cross Country Healthcares' ability to effectively manage its payables and optimize its working capital.

In conclusion, while the improvement in DSO in Q4 2023 is a positive sign, the lack of inventory and payables data limits a more comprehensive analysis of Cross Country Healthcares, Inc.'s activity ratios and overall operational efficiency.

Long-term

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
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
Total asset turnover 2.96 3.14 3.13 2.85 2.95 3.18 2.71 2.32 2.28 2.40 2.17 2.16 2.34 2.34 2.42 2.17 2.15 2.05 2.01 1.82

The fixed asset turnover ratio for Cross Country Healthcares, Inc. has been declining throughout the year, with the Q4 2023 ratio at 73.88 compared to 127.87 in Q1 2022. This indicates that the company's fixed assets are generating less revenue relative to their carrying value. The decreasing trend in fixed asset turnover may suggest inefficiency in utilizing these assets to generate sales.

On the other hand, the total asset turnover ratio has also been fluctuating over the past year, ranging from 2.33 in Q1 2022 to 3.19 in Q3 2022. While the ratio in Q4 2023 decreased to 2.97, it remains higher compared to the beginning of the year. This implies that the company's total assets are generating revenue more efficiently than fixed assets alone.

Overall, the declining trend in fixed asset turnover coupled with fluctuations in total asset turnover may indicate the need for Cross Country Healthcares, Inc. to reevaluate its asset management strategies and ensure optimal utilization of assets to enhance overall operational efficiency and profitability.