Carter’s Inc (CRI)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,911,830	3,150,090	3,425,780	2,967,910	3,519,290
Total assets	US$ in thousands	2,378,610	2,439,720	3,188,000	3,392,580	2,753,120
Total asset turnover		1.22	1.29	1.07	0.87	1.28

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,911,830K ÷ $2,378,610K
= 1.22

Carter’s Inc's total asset turnover indicates how efficiently the company generates sales revenue relative to its total assets. A higher total asset turnover ratio generally signifies better asset utilization and efficiency in generating sales.

From 2019 to 2020, there was a significant decrease in the total asset turnover ratio from 1.28 to 0.87, suggesting a decline in the company's ability to generate sales from its assets efficiently. However, from 2020 to 2021, there was an improvement in the ratio to 1.07, indicating a better utilization of assets to generate sales revenue.

Subsequently, from 2021 to 2022, there was a further increase in the total asset turnover ratio to 1.29, signaling improved efficiency in utilizing assets to generate sales. In the most recent period, the ratio slightly decreased to 1.22, but it still indicates a relatively efficient use of assets to drive sales for the company.

Overall, Carter’s Inc has shown fluctuations in its total asset turnover ratio over the years, with some periods of decline followed by improvements. The company's ability to effectively leverage its assets to drive sales revenue has varied, but it currently demonstrates a reasonable level of efficiency in this aspect.