Tapestry Inc (TPR)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,010,700 | 6,671,200 | 6,660,900 | 6,684,500 | 5,746,300 |
| Property, plant and equipment | US$ in thousands | — | 1,829,100 | 1,943,200 | 1,826,000 | 2,174,700 |
| Fixed asset turnover | — | 3.65 | 3.43 | 3.66 | 2.64 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,010,700K ÷ $—K
= —
The fixed asset turnover ratio for Tapestry Inc. has exhibited fluctuations over the period from June 30, 2021, to June 30, 2024. As of June 30, 2021, the ratio was 2.64, indicating that for every dollar invested in fixed assets, the company generated $2.64 in sales. This suggests a moderate level of asset efficiency at that time.
By June 30, 2022, the ratio increased to 3.66, reflecting an improvement in the company's utilization of its fixed assets to generate sales. This upward movement signifies either enhanced operational efficiency, better asset management, or increased revenues relative to fixed assets.
The ratio then showed a slight decline to 3.43 by June 30, 2023. Despite the decrease, the ratio remained elevated compared to the 2021 level, indicating sustained improvements in asset utilization but with a marginal reduction in efficiency from the previous year.
As of June 30, 2024, the ratio increased again to 3.65, surpassing the 2023 figure and nearly returning to the peak observed in 2022. This suggests a renewal in efficiency, potentially driven by strategic initiatives, optimized asset management, or sales growth relative to fixed assets.
There is no data available for June 30, 2025, hence, further analysis of longer-term trends is limited. Overall, the fixed asset turnover trend indicates that Tapestry Inc. has been able to enhance its ability to generate sales from its fixed assets over the past few years, with marked improvements in 2022 and 2024. These fluctuations highlight periods of operational efficiency gains, which are important for assessing the company's asset management effectiveness.
Peer comparison
Jun 30, 2025