Tapestry Inc (TPR)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.16 | 2.12 | 2.05 | 2.27 | 2.34 | |
| DOH | days | 168.97 | 172.47 | 178.40 | 161.14 | 156.19 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.16
= 168.97
The days of inventory on hand (DOH) for Tapestry Inc have shown a fluctuating trend over the past five years, ranging from a low of 156.19 days as of June 30, 2020, to a peak of 178.40 days as of June 30, 2022.
In general, the increasing trend in DOH from 2020 to 2022 indicates that Tapestry Inc held inventory for a longer period before it was sold during that timeframe. This could be a sign of inefficiency in inventory management or difficulties in forecasting demand accurately.
However, the slight decrease in DOH from 2022 to 2024, dropping to 168.97 days as of June 30, 2024, could suggest improvements in inventory management practices or potentially better alignment between inventory levels and sales demand.
Overall, Tapestry Inc should continue to monitor its DOH metric closely to ensure optimal inventory turnover and efficiency in managing its inventory levels.
Peer comparison
Jun 30, 2024