Cross Country Healthcare (Cross Country Healthcare) ROC (Joel Greenblatt) % : 20.38% (As of Dec. 2023)

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What is Cross Country Healthcare ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Cross Country Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.38%.

The historical rank and industry rank for Cross Country Healthcare's ROC (Joel Greenblatt) % or its related term are showing as below:

CCRN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -51.02 Med: 9.86 Max: 72.85
Current: 33.59

During the past 13 years, Cross Country Healthcare's highest ROC (Joel Greenblatt) % was 72.85%. The lowest was -51.02%. And the median was 9.86%.

CCRN's ROC (Joel Greenblatt) % is ranked better than
77.03% of 653 companies
in the Healthcare Providers & Services industry
Industry Median: 9.39 vs CCRN: 33.59

Cross Country Healthcare's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.

Cross Country Healthcare ROC (Joel Greenblatt) % Historical Data

The historical data trend for Cross Country Healthcare's ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % Chart

Cross Country Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC (Joel Greenblatt) %

Get a 7-Day Free Trial

-16.17

-7.90

62.63

72.85

32.88

Cross Country Healthcare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROC (Joel Greenblatt) %	Get a 7-Day Free Trial															51.00	43.13	37.65	28.14	20.38

Competitive Comparison of Cross Country Healthcare's ROC (Joel Greenblatt) %

For the Medical Care Facilities subindustry, Cross Country Healthcare's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cross Country Healthcare's ROC (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Cross Country Healthcare's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Cross Country Healthcare's ROC (Joel Greenblatt) % falls into.

Cross Country Healthcare ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %

EBIT

Average of (Net fixed Assets

Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(410.373	+	0	+	7.509)	-	(114.797	+	0	+	65.999)
=	237.086

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(372.352	+	0	+	9.712)	-	(112.375	+	0	+	33.608)
=	236.081

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Cross Country Healthcare for the quarter that ended in Dec. 2023 can be restated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	54.22	/	( ( (28.89 + max(237.086, 0))	+	(29.938 + max(236.081, 0)) )	/	2 )
=	54.22	/	( ( 265.976	+	266.019 )	/	2 )
=	54.22	/	265.9975
=	20.38 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Cross Country Healthcare (NAS:CCRN) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.

Cross Country Healthcare ROC (Joel Greenblatt) % 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 » ROC (Joel Greenblatt) %

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