Carter’s Inc (CRI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,843,720 | 2,911,830 | 3,150,090 | 3,425,780 | 2,967,910 |
| Property, plant and equipment | US$ in thousands | 180,956 | 183,111 | 189,822 | 216,004 | 262,345 |
| Fixed asset turnover | 15.71 | 15.90 | 16.59 | 15.86 | 11.31 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,843,720K ÷ $180,956K
= 15.71
The fixed asset turnover ratio for Carter's Inc has shown a positive trend over the last five years, increasing from 11.31 in December 2020 to 15.71 in December 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets. The peak ratio was recorded in December 2022 at 16.59, suggesting efficient utilization of fixed assets to generate sales. Despite a slight decrease in 2023 to 15.90, the ratio remained relatively high, reflecting a strong operational performance. Overall, the increasing trend in fixed asset turnover indicates improved efficiency in utilizing fixed assets to drive revenue for Carter's Inc.
Peer comparison
Dec 31, 2024