Carter’s Inc (CRI)

Total asset 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
Total assets	US$ in thousands	2,378,610	2,319,810	2,288,470	2,283,330	2,439,720	2,597,950	2,560,650	2,948,080	3,188,000	3,294,260	3,315,930	3,310,470	3,392,580	3,281,620	3,412,630	3,153,500	2,753,120	2,899,580	2,747,160	2,679,940
Total asset turnover		1.23	1.28	1.31	1.35	1.29	1.27	1.31	1.16	1.07	1.02	1.01	0.95	0.88	0.95	0.94	1.08	1.28	1.21	1.27	1.29

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,921,271K ÷ $2,378,610K
= 1.23

Carter’s Inc's total asset turnover has shown fluctuations over the past 20 quarters. The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue.

From Dec 2019 to Jun 2022, the total asset turnover ratio exhibited a relatively stable trend, hovering between 1.01 and 1.31. This suggests that Carter’s was effectively using its assets to generate sales during this period.

However, there was a noticeable decrease in total asset turnover in the following quarters up to Mar 2021, reaching a low of 0.88. This could indicate a decline in the company's ability to generate revenue with its assets during this time.

Subsequently, there was a fluctuating pattern in the total asset turnover ratio from Mar 2021 to Sep 2023, with values ranging from 0.94 to 1.35. These fluctuations may suggest varying levels of asset utilization efficiency during these quarters.

Overall, while there have been periods of fluctuation in Carter’s Inc's total asset turnover, the company has generally maintained a level of efficiency in utilizing its assets to generate revenue, with some quarters showing stronger asset turnover performance than others.