Cross Country Healthcare Inc (CCRN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 450,410 | 627,686 | 374,999 | 202,732 | 204,009 |
| Revenue | US$ in thousands | 2,009,910 | 2,788,490 | 1,669,790 | 833,527 | 815,040 |
| Gross profit margin | 22.41% | 22.51% | 22.46% | 24.32% | 25.03% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $450,410K ÷ $2,009,910K
= 22.41%
Cross Country Healthcares, Inc. has consistently maintained a gross profit margin of 100.00% over the past five years, from 2019 to 2023. This indicates that the company is effectively managing its production costs and generating a significant margin between sales revenue and the cost of goods sold. A gross profit margin of 100.00% implies that the company is able to sell its products or services for double the cost of producing them, highlighting strong pricing strategies and efficient operations. This stable and high gross profit margin over the years reflects positively on Cross Country Healthcares, Inc.'s profitability and operational efficiency.
Peer comparison
Dec 31, 2023