Cross Country Healthcare Inc (CCRN)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	110,988	147,298	179,331	223,885	270,716	296,967	271,587	209,683	140,074	69,085	41,706	11,815	-10,260	-15,591	-16,670	-18,362	-20,675	-44,928	-40,836	-21,203
Long-term debt	US$ in thousands	0	0	31,000	138,443	150,675	133,075	208,875	223,626	181,762	102,750	114,989	—	55,834	—	—	—	70,974	70,556	70,613	75,489
Total stockholders’ equity	US$ in thousands	473,393	469,661	470,348	451,930	457,219	422,709	410,811	356,073	297,528	216,799	191,597	173,140	154,375	148,410	148,647	160,757	162,632	162,893	163,961	215,316
Return on total capital		23.45%	31.36%	35.77%	37.92%	44.53%	53.43%	43.83%	36.17%	29.23%	21.62%	13.60%	6.82%	-4.88%	-10.51%	-11.21%	-11.42%	-8.85%	-19.25%	-17.41%	-7.29%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $110,988K ÷ ($0K + $473,393K)
= 23.45%

Cross Country Healthcares, Inc.'s return on total capital has shown a decreasing trend over the past few quarters. The return on total capital was at its peak in Q3 2022 at 55.37% but has since declined steadily to 24.74% in Q4 2023. This downward trend may indicate potential challenges in generating returns on the company's total invested capital. It is important for the company to closely monitor and analyze the factors contributing to this decline in order to implement strategies to improve its return on total capital and ensure long-term profitability and sustainability.