Tapestry Inc (TPR)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 29.23 | 31.49 | 26.49 | 28.70 | 25.67 | |
| DSO | days | 12.49 | 11.59 | 13.78 | 12.72 | 14.22 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 29.23
= 12.49
To analyze Tapestry Inc's Days Sales Outstanding (DSO) based on the provided data, we can observe a slight fluctuation over the last five years. DSO measures the average number of days a company takes to collect revenue after a sale has been made.
In fiscal year ending June 30, 2024, Tapestry's DSO stood at 12.49 days, showing a slight increase compared to the prior fiscal year of 11.59 days in June 30, 2023. Despite this increase, the DSO remains relatively low, indicating that Tapestry is efficient in collecting its accounts receivable.
Comparing the trends over the five-year period, we observe fluctuations in DSO figures. In fiscal year 2022, the DSO increased to 13.78 days from 12.72 days in 2021, suggesting a slower collection of accounts receivable. However, there was an improvement in DSO in the fiscal year 2020 compared to 2019, indicating that Tapestry has made progress in its receivables management.
Overall, Tapestry Inc's DSO fluctuated within a relatively narrow range over the past five years, with minor variations year-over-year. This indicates a consistent performance in managing its accounts receivable and reflects the company's ability to efficiently collect revenue from customers.
Peer comparison
Jun 30, 2024