Tapestry Inc (TPR)

The analysis of Tapestry Inc.'s days of inventory on hand (DOH) over the fiscal period indicates fluctuations in inventory management efficiency across the specified years. As of June 30, 2021, the company maintained an inventory period of approximately 161.14 days, reflecting a relatively efficient turnover cycle. This figure increased notably to approximately 178.40 days by June 30, 2022, suggesting a slowdown in inventory turnover or an accumulation of inventory during that period.

Between June 30, 2023, and June 30, 2024, the DOH decreased slightly from 172.47 days to 168.97 days, indicating a modest improvement in inventory management, possibly due to better inventory control measures or changes in sales velocity. However, the upward trend resumes by June 30, 2025, with the DOH rising to approximately 182.46 days, signaling a lengthening of the inventory cycle and potentially highlighting challenges in inventory clearance or an intentional shift in inventory sourcing and holding strategies.

Overall, these changes suggest that Tapestry Inc. experienced periods of both operational tightening and loosening in inventory management. The increasing levels over time may imply growing inventory holdings relative to sales, which could impact liquidity or reflect strategic inventory accumulation in anticipation of future demand. The temporal fluctuations emphasize the importance for the company to monitor its inventory efficiency closely to balance inventory levels with sales performance and working capital utilization.

Peer comparison

Jun 30, 2025