Cross Country Healthcare (FRA:XXY) ROCE % : 3.17% (As of Mar. 2024)

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What is Cross Country Healthcare ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Cross Country Healthcare's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.17%.

Cross Country Healthcare ROCE % Historical Data

The historical data trend for Cross Country Healthcare's ROCE % 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 ROCE % Chart

Cross Country Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.00

-3.21

36.02

46.04

18.09

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
ROCE %	Get a 7-Day Free Trial															26.17	21.96	15.07	10.17	3.17

Cross Country Healthcare ROCE % Calculation

Cross Country Healthcare's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	101.776	/	( ( (894.76 - 256.428)	+	(622.934 - 136.254) )	/ 2 )
	=	101.776	/	( (638.332	+	486.68)	/ 2 )
	=	101.776	/	562.506
	=	18.09 %

Cross Country Healthcare's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	15.276	/	( ( (622.934 - 136.254)	+	(596.564 - 118.167) )	/ 2 )
	=	15.276	/	( ( 486.68	+	478.397 )	/ 2 )
	=	15.276	/	482.5385
	=	3.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Cross Country Healthcare (FRA:XXY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Cross Country Healthcare ROCE % Related Terms

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Cross Country Healthcare (FRA:XXY) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cross Country Healthcare Inc (FRA:XXY) » Definitions » ROCE %

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CCRN:USA

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.

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