Carter’s Inc (CRI)

Total asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 2,844,020 2,811,464 2,843,417 2,878,969 2,911,867 2,964,819 2,990,695 3,070,682 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
Total assets US$ in thousands 2,433,170 2,378,380 2,355,520 2,285,520 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
Total asset turnover 1.17 1.18 1.21 1.26 1.22 1.28 1.31 1.34 1.29 1.27 1.31 1.16 1.07 1.02 1.01 0.95 0.88 0.95 0.94 1.08

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,844,020K ÷ $2,433,170K
= 1.17

Carter’s Inc has shown varying levels of total asset turnover over the past several quarters. The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue.

From March 31, 2020, to December 31, 2020, the total asset turnover decreased from 1.08 to 0.88, indicating a decline in the company's ability to generate revenue from its assets during this period. This could be due to various factors such as reduced sales or inefficient asset utilization.

However, from March 31, 2021, to June 30, 2022, the total asset turnover showed an increasing trend, reaching a peak of 1.31 on June 30, 2022. This improvement suggests that Carter’s Inc became more efficient in converting its assets into revenue during this period.

Subsequently, the total asset turnover ratio fluctuated slightly between June 30, 2022, and December 31, 2024, ranging from 1.17 to 1.34. These fluctuations could be influenced by changes in the company's sales volume, asset base, or operational efficiency.

Overall, the trend in total asset turnover for Carter’s Inc indicates both fluctuations and improvements in asset utilization efficiency over the reviewed periods. Monitoring this ratio can provide insights into the company's operational performance and efficiency in generating revenue from its assets.