Cross Country Healthcare Inc (CCRN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	72,631	188,461	132,002	-12,962	-57,713
Total assets	US$ in thousands	679,317	947,839	732,809	356,973	382,374
ROA		10.69%	19.88%	18.01%	-3.63%	-15.09%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $72,631K ÷ $679,317K
= 10.69%

Cross Country Healthcares, Inc.'s return on assets (ROA) has shown variability over the past five years, ranging from negative to positive figures. In 2023, the ROA is at 10.69%, exhibiting a decrease from the previous year's ROA of 19.88%. Despite this drop, the current ROA remains positive, indicating that the company generated a profit relative to its assets.

Comparing the ROA of 10.69% in 2023 to the figures in 2021 and 2020, there has been a gradual decline in the return generated on assets. However, the company's ROA in 2023 is significantly higher than the negative ROA reported in 2020 and 2019, suggesting an improvement in the company's ability to generate profits relative to its assets.

The trend in Cross Country Healthcares' ROA indicates some fluctuations in the company's efficiency in utilizing its assets to generate earnings. Further analysis and comparison with industry averages or competitors' ROA ratios may provide additional insights into the company's financial performance.