Carter’s Inc (CRI)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	232,500	206,169	204,999	218,102	250,039	266,833	286,852	321,485	339,748	341,789	338,054	274,607	109,717	135,850	114,861	150,642	263,802	269,216	280,734	274,065
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
ROA		9.77%	8.89%	8.96%	9.55%	10.25%	10.27%	11.20%	10.90%	10.66%	10.38%	10.19%	8.30%	3.23%	4.14%	3.37%	4.78%	9.58%	9.28%	10.22%	10.23%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $232,500K ÷ $2,378,610K
= 9.77%

Based on the data provided, Carter’s Inc has experienced fluctuations in its return on assets (ROA) over the past few years. The ROA has ranged from a low of 3.23% in September 2020 to a high of 11.20% in June 2022.

Overall, the trend in ROA has shown some variability but has generally remained above 8% in recent years. This indicates that the company has been effectively utilizing its assets to generate profits.

It is important to note that the ROA decreased significantly from December 2022 to March 2023, dropping from 10.25% to 4.78%. However, it recovered slightly in subsequent quarters, reaching 9.77% by December 2023.

Further analysis would be needed to understand the specific factors driving these fluctuations in ROA and to assess the company's long-term profitability and asset utilization efficiency.