Carter’s Inc (CRI)
Total 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 |
| Total assets | US$ in thousands | 2,433,170 | 2,378,610 | 2,439,720 | 3,188,000 | 3,392,580 |
| Total asset turnover | 1.17 | 1.22 | 1.29 | 1.07 | 0.87 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,843,720K ÷ $2,433,170K
= 1.17
The total asset turnover ratio for Carter’s Inc has shown an increasing trend over the past five years. Starting at 0.87 as of December 31, 2020, the ratio has steadily improved to 1.07 by December 31, 2021, further increasing to 1.29 by December 31, 2022. However, there was a slight decline in the ratio to 1.22 by December 31, 2023, followed by a further decrease to 1.17 by December 31, 2024.
This indicates that the company has been more efficient in generating sales revenue from its total assets in the earlier years, but the ratio has slightly decreased in the most recent years. The fluctuations in the total asset turnover ratio may suggest changes in the company's asset utilization efficiency and effectiveness in generating sales relative to its total assets. Further analysis is recommended to understand the underlying factors contributing to these fluctuations and their impact on the company's overall financial performance.
Peer comparison
Dec 31, 2024