Cross Country Healthcare Inc (CCRN)

Total 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
Total assets	US$ in thousands	679,317	707,739	771,130	920,541	947,839	882,512	938,961	916,434	732,809	520,420	493,638	442,353	356,973	357,838	352,201	386,979	382,374	393,991	396,968	441,435
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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,010,497K ÷ $679,317K
= 2.96

Cross Country Healthcares, Inc.'s total asset turnover ratio has shown fluctuations over the past eight quarters. The ratio has ranged from a low of 2.33 in Q1 2022 to a high of 3.19 in Q3 2022. In the most recent quarter, Q4 2023, the total asset turnover ratio stood at 2.97.

A total asset turnover ratio above 1 indicates that the company is generating more in sales revenue for each dollar of assets invested. Cross Country Healthcares, Inc. has generally maintained a total asset turnover ratio above 2, signaling efficient utilization of its assets to generate revenue.

The trend of total asset turnover ratios fluctuating over the quarters suggests that the company's asset efficiency varies over time. Further analysis, considering the industry benchmarks and competitors' performance, will provide more insights into the company's asset management effectiveness.