Cross Country Healthcare (Cross Country Healthcare) Change In Receivables : $257 Mil (TTM As of Mar. 2024)

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What is Cross Country Healthcare Change In Receivables?

Cross Country Healthcare's change in receivables for the quarter that ended in Mar. 2024 was $14 Mil. It means Cross Country Healthcare's Accounts Receivable declined by $14 Mil from Dec. 2023 to Mar. 2024 .

Cross Country Healthcare's change in receivables for the fiscal year that ended in Dec. 2023 was $251 Mil. It means Cross Country Healthcare's Accounts Receivable declined by $251 Mil from Dec. 2022 to Dec. 2023 .

Cross Country Healthcare's Accounts Receivable for the quarter that ended in Mar. 2024 was $357 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Cross Country Healthcare's Days Sales Outstanding for the three months ended in Mar. 2024 was 86.02.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cross Country Healthcare's liquidation value for the three months ended in Mar. 2024 was $93 Mil.

Cross Country Healthcare Change In Receivables Historical Data

The historical data trend for Cross Country Healthcare's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cross Country Healthcare Change In Receivables Chart

Cross Country Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-6.64

-4.75

-318.42

-153.23

251.43

Cross Country Healthcare Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															7.89	138.56	70.78	34.20	13.72

Cross Country Healthcare Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $257 Mil.

Cross Country Healthcare (NAS:CCRN) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Cross Country Healthcare's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	357.458	/	379.174	*	91
=	86.02

2. In Ben Graham's calculation of liquidation value, Cross Country Healthcare's accounts receivable are only considered to be worth 75% of book value:

Cross Country Healthcare's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.242	-	180.249	+	0.75 * 357.458	+	0.5 * 0
=	93

Cross Country Healthcare Change In Receivables Related Terms

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Cross Country Healthcare (Cross Country Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cross Country Healthcare Inc (NAS:CCRN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

6551 Park of Commerce Boulevard, N.W., Boca Raton, FL, USA, 33487

Website

https://www.crosscountryhealthcare.com

Cross Country Healthcare Inc is a provider of staffing, recruiting, and workforce solutions to healthcare clients such as private and public hospitals, government facilities, outpatient clinics, ambulatory care facilities, and physician practice groups, among others. The company operates in three business segments: nurse and allied staffing, physician staffing, and search. The nurse and allied staffing segment, which generates a vast majority of revenue, offers temporary and permanent placements of travel and local nurses and allied professionals, and other outsourcing services. The other services offered by the company include physician staffing, search for healthcare executives, and recruitment process outsourcing. The company earns majority of its revenue from the United States.

Executives

Cynthia Ann Grieco	officer: VP, Corporate Treasurer	C/O CROSS COUNTRY HEALTHCARE, INC., 6551 PARK OF COMMERCE BLVD., N.W., BOCA RATON FL 33487
Susan E Ball	officer: General Counsel & Asst. Secy	6551 PARK OF COMMERCE BLVD., BOCA RATON FL 33487
Redd James V. Iii	officer: Chief Accounting Officer	C/O CROSS COUNTRY HEALTHCARE, INC., 6551 PARK OF COMMERCE BLVD, N.W., BOCA RATON FL 33487
William J. Burns	officer: Chief Financial Officer	C/O CROSS COUNTRY HEALTHCARE, INC., 5201 CONGRESS AVENUE, BOCA RATON FL 33487
Marc S. Krug	officer: Group President, Delivery	C/O CROSS COUNTRY HEALTHCARE, INC., 6551 PARK OF COMMERCE BLVD., N.W., BOCA RATON FL 33487
Mcdonald Colin Patrick	officer: SVP, Human Resources	C/O CROSS COUNTRY HEALTHCARE, INC., 5201 CONGRESS AVENUE, BOCA RATON FL 33487
Dwayne Allen	director	C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Venkat Bhamidipati	director	6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
W Larry Cash	director	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
John Anthony Martins	officer: Group Pres., Nurse & Allied	C/O CROSS COUNTRY HEALTHCARE, INC., 5201 CONGRESS AVE., BOCA RATON FL 33487
Daniel Joseph White	officer: Chief Commercial Officer	C/O CROSS COUNTRY HEALTHCARE, INC., 6551 PARK OF COMMERCE BLVD., N.W., BOCA RATON FL 33487
Joseph Trunfio	director	C/O CROSS COUNTRY HEALTHCARE, INC., 6551 PARK OF COMMERCE BOULEVARD, N.W., BOCA RATON FL 33487
Daniele Addis	officer: SVP, Business Services	C/O CROSS COUNTRY HEALTHCARE, INC., 6551 PARK OF COMMERCE BOULEVARD, N.W., BOCA RATON FL 33487
Phillip Lyn Noe	officer: Chief Information Officer	C/O CROSS COUNTRY HEALTHCARE, INC., 6551 PARK OF COMMERCE BLVD., BOCA RATON FL 33487
Kevin Cronin Clark	director, officer: President, CEO	C/O CROSS COUNTRY HEALTHCARE, INC., 5201 CONGRESS AVE., BOCA RATON FL 33487