Cross Country Healthcare Inc (CCRN)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 679,317 | 947,839 | 732,809 | 356,973 | 382,374 |
| Operating ROA | 16.59% | 28.81% | 19.01% | -2.57% | -4.11% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $112,713K ÷ $679,317K
= 16.59%
Cross Country Healthcares, Inc.'s operating return on assets (operating ROA) has exhibited a fluctuating trend over the past five years. The company's operating ROA was 17.24% at the end of 2023, showing a decrease from 29.68% in 2022. However, it remained higher than the levels recorded in 2021 (19.80%), 2020 (3.70%), and 2019 (1.56%).
The significant increase in operating ROA from 2019 to 2022 indicates an improvement in the company's ability to generate operating income from its assets. However, the decline in 2023 suggests a possible downturn in the company's operational efficiency in utilizing its assets to generate profits.
Further analysis and comparison with industry benchmarks and historical data would be necessary to understand the root causes behind the fluctuations in Cross Country Healthcares, Inc.'s operating ROA and to assess the company's overall operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2023