Carter’s Inc (CRI)
Working capital 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 current assets | US$ in thousands | 1,142,670 | 1,101,240 | 1,188,720 | 1,899,720 | 1,946,020 |
| Total current liabilities | US$ in thousands | 508,816 | 511,862 | 528,949 | 717,231 | 792,532 |
| Working capital turnover | 4.49 | 4.94 | 4.77 | 2.90 | 2.57 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,843,720K ÷ ($1,142,670K – $508,816K)
= 4.49
Carter's Inc's working capital turnover has shown a positive trend over the past five years, indicating an improvement in efficiency in utilizing its working capital. The ratio has increased from 2.57 in December 2020 to 4.49 in December 2024. This signifies that for every dollar of working capital invested, the company generated $4.49 in revenue by the end of 2024. The consistent rise in the working capital turnover suggests that Carter's has been able to effectively manage its working capital to support its operations and revenue generation. This improvement indicates a positive trend in the company's operational efficiency and financial performance over the past five years.
Peer comparison
Dec 31, 2024