Carter’s Inc (CRI)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	323,405	379,171	497,079	189,869	371,872
Total assets	US$ in thousands	2,378,610	2,439,720	3,188,000	3,392,580	2,753,120
Operating ROA		13.60%	15.54%	15.59%	5.60%	13.51%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $323,405K ÷ $2,378,610K
= 13.60%

Carter’s Inc's operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA decreased to 13.60% from 15.54% in 2022 but remained above the 2020 level of 5.60%. The 2021 operating ROA was relatively stable at 15.59%. Overall, Carter’s Inc has shown a solid performance in generating operating income relative to its total assets, with the highest return recorded in 2022. It is essential for the company to continue monitoring and managing its operating efficiency to maintain or improve its operating ROA in the future.