Cross Country Healthcare Inc (CCRN)

Receivables 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
Receivables	US$ in thousands	393,871	423,419	496,841	636,125	663,134	617,099	707,676	682,768	500,856	305,695	261,212	250,241	176,401	173,652	161,358	170,231	176,313	174,970	154,977	161,761
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,010,497K ÷ $393,871K
= 5.10

Cross Country Healthcares, Inc.'s receivables turnover has shown fluctuations over the past eight quarters. The receivables turnover ratio indicates how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio implies that the company is collecting its outstanding receivables more quickly.

In the most recent quarter, Q4 2023, the receivables turnover was 5.29, a slight decrease from Q3 2023 (5.34). This indicates that the company's ability to collect outstanding receivables slightly decreased in Q4 2023 compared to the previous quarter. However, the ratio remains relatively high, suggesting efficient collections.

Looking at a longer trend, Cross Country Healthcares, Inc. has generally shown an improving trend in receivables turnover since Q1 2022. The ratio has increased from 3.13 in Q1 2022 to above 5 in the latest quarters, indicating a positive trend in the company's accounts receivable management.

Overall, the company has shown improvement in its ability to collect accounts receivable efficiently over the past eight quarters, with some fluctuations but generally trending upward. This trend suggests that Cross Country Healthcares, Inc. has been effectively managing its receivables, which is a positive indicator of its financial health and operational efficiency.