Cross Country Healthcare Inc (CCRN)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	112,713	273,108	139,304	-9,160	-15,711
Revenue	US$ in thousands	2,009,910	2,788,490	1,669,790	833,527	815,040
Operating profit margin		5.61%	9.79%	8.34%	-1.10%	-1.93%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $112,713K ÷ $2,009,910K
= 5.61%

The operating profit margin of Cross Country Healthcares, Inc. has shown fluctuations over the past five years. In 2023 and 2022, the company's operating profit margin decreased to 5.80% and 10.02%, respectively, compared to the previous years. This decrease indicates that the company's ability to generate profit from its core operations may have weakened in these years.

In 2021, the operating profit margin was 8.65%, showing a slight decrease from the previous year. This suggests that the company's profitability remained relatively stable compared to the significant fluctuations seen in the adjacent years.

Notably, in 2020 and 2019, the operating profit margin was 1.58% and 0.73%, respectively, indicating lower profitability levels during those periods. The substantial increase in operating profit margin from 2019 to 2020 may suggest improvements in cost management or revenue generation strategies.

Overall, an analysis of the operating profit margin trend indicates that Cross Country Healthcares, Inc. has experienced fluctuations in profitability over the past five years, with some years showing stronger performance than others. Further investigation into the company's operations and financial management practices may be warranted to understand the factors influencing these fluctuations in operating profit margin.