Cross Country Healthcare Inc (CCRN)

Operating return on assets (Operating ROA)

		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
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
Operating ROA		16.59%	21.30%	23.68%	24.58%	28.81%	33.72%	28.96%	22.80%	19.01%	13.26%	8.54%	2.85%	-2.57%	-3.60%	-3.51%	-3.56%	-4.11%	-10.60%	-9.89%	-4.49%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $112,713K ÷ $679,317K
= 16.59%

Cross Country Healthcares, Inc.'s operating return on assets (operating ROA) has shown a declining trend over the past eight quarters. The operating ROA decreased from 29.68% in Q4 2022 to 17.24% in Q4 2023. This declining trend indicates that the company's operating performance in generating profits from its assets has weakened over time. Moreover, the operating ROA has consistently decreased over the quarters, highlighting potential challenges in the company's operational efficiency and profitability. The latest operating ROA of 17.24% in Q4 2023 suggests that the company is generating $0.1724 in operating profit for every $1 of assets employed. Cross Country Healthcares, Inc. may need to reassess its operational strategies and efficiency to improve its profitability and ensure sustainable growth in the future.