Tapestry Inc (TPR)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 29.23 | 24.21 | 27.39 | 25.18 | 31.49 | — | 26.09 | — | 26.49 | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | 12.49 | 15.07 | 13.33 | 14.50 | 11.59 | — | 13.99 | — | 13.78 | — | — | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 29.23
= 12.49
The days of sales outstanding (DSO) for Tapestry Inc have fluctuated over the past several quarters. The DSO represents the average number of days it takes for the company to collect payment after making a sale.
In the most recent quarter, ending June 30, 2024, the DSO was 12.49 days, indicating that Tapestry is collecting payments from customers relatively quickly compared to the previous quarters. However, it is important to note that DSO can be influenced by various factors such as the company's credit policies, payment terms, and customer payment behavior.
Looking at the trend over the past few quarters, we see some variability in the DSO figures, with some quarters showing values around 13-15 days. This suggests that Tapestry's accounts receivable management may have been somewhat inconsistent during this period.
Overall, analyzing the DSO ratio can provide insights into how efficiently Tapestry is managing its accounts receivable and collecting cash from customers. Further analysis and comparison with industry benchmarks or historical trends may provide a more comprehensive understanding of Tapestry's performance in this area.
Peer comparison
Jun 30, 2024