Cross Country Healthcare Inc (CCRN)

Return on assets (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
Net income (ttm)	US$ in thousands	72,631	102,384	124,365	155,914	188,461	227,243	215,883	174,537	132,002	59,041	34,274	8,575	-12,962	-18,718	-20,512	-58,035	-57,713	-76,260	-73,573	-20,360
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
ROA		10.69%	14.47%	16.13%	16.94%	19.88%	25.75%	22.99%	19.05%	18.01%	11.34%	6.94%	1.94%	-3.63%	-5.23%	-5.82%	-15.00%	-15.09%	-19.36%	-18.53%	-4.61%

December 31, 2023 calculation

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

Cross Country Healthcares, Inc.'s return on assets (ROA) has been gradually declining over the past eight quarters, indicating a potential decrease in the company's ability to generate profits from its assets. The ROA started at a high of 25.75% in Q3 2022 and has since decreased to 10.69% in Q4 2023. This decline may suggest inefficiencies in asset utilization or a decrease in net income relative to the size of the company's asset base. It is essential for the company to closely monitor and analyze the factors contributing to this downward trend in ROA to improve operational efficiency and profitability in the future.