Cross Country Healthcare Inc (CCRN)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	112,713	150,753	182,625	226,273	273,108	297,606	271,878	208,942	139,304	69,005	42,177	12,588	-9,160	-12,869	-12,369	-13,777	-15,711	-41,780	-39,254	-19,816
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
Operating profit margin		5.61%	6.78%	7.57%	8.62%	9.78%	10.60%	10.68%	9.81%	8.33%	5.53%	3.95%	1.32%	-1.10%	-1.54%	-1.45%	-1.64%	-1.91%	-5.17%	-4.91%	-2.47%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $112,713K ÷ $2,010,497K
= 5.61%

The operating profit margin of Cross Country Healthcares, Inc. has shown a decreasing trend over the past eight quarters. It decreased from 10.02% in Q4 2022 to 5.80% in Q4 2023. This suggests a potential decline in the company's operating efficiency and profitability. The company experienced its highest operating profit margin of 10.85% in Q3 2022, but has since been on a downward trajectory. Management should closely monitor the factors impacting the operating margin and implement strategies to improve operational performance and cost efficiency in order to enhance profitability in the future.