Carter’s Inc (CRI)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	2,921,271	2,974,223	3,000,099	3,080,086	3,150,547	3,294,716	3,361,194	3,420,196	3,425,819	3,353,810	3,345,468	3,133,951	2,993,623	3,120,152	3,196,123	3,409,921	3,519,290	3,503,790	3,484,678	3,447,489
Receivables	US$ in thousands	183,774	240,507	132,679	223,939	198,587	265,593	183,920	265,694	231,354	261,182	163,957	240,212	186,512	263,231	165,578	221,884	251,005	293,203	168,176	239,239
Receivables turnover		15.90	12.37	22.61	13.75	15.86	12.41	18.28	12.87	14.81	12.84	20.40	13.05	16.05	11.85	19.30	15.37	14.02	11.95	20.72	14.41

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,921,271K ÷ $183,774K
= 15.90

The receivables turnover for Carter’s Inc has been fluctuating over the past few quarters. The average receivables turnover ratio for the past eight quarters stands at 15.16. The company's receivables turnover has ranged from a low of 11.85 in Jun 30, 2020, to a high of 22.61 in Jun 30, 2023. Overall, the receivables turnover ratio indicates how efficiently the company is collecting outstanding receivables from its customers. A higher receivables turnover ratio typically signifies a more efficient collection process. It is important for Carter’s Inc to monitor its receivables turnover consistently to ensure that it is maintaining optimal efficiency in collecting outstanding payments from customers.