Tapestry Inc (TPR)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,721,800 | 1,713,600 | 1,709,800 | 1,738,800 | 1,781,700 | 1,828,600 | 1,864,800 | 1,909,600 | 1,946,000 | 2,004,900 | 2,026,100 | 2,073,800 | 2,034,100 | 1,977,700 | 1,906,700 | 1,734,600 | 1,664,400 | 1,431,000 | 1,526,100 | 1,620,700 |
| Inventory | US$ in thousands | 860,700 | 873,500 | 937,300 | 1,030,800 | 824,800 | 824,100 | 824,900 | 942,500 | 919,500 | 934,100 | 975,800 | 1,139,800 | 994,200 | 913,000 | 750,000 | 818,300 | 734,800 | 700,300 | 631,900 | 811,200 |
| Inventory turnover | 2.00 | 1.96 | 1.82 | 1.69 | 2.16 | 2.22 | 2.26 | 2.03 | 2.12 | 2.15 | 2.08 | 1.82 | 2.05 | 2.17 | 2.54 | 2.12 | 2.27 | 2.04 | 2.42 | 2.00 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,721,800K ÷ $860,700K
= 2.00
The inventory turnover ratio of Tapestry Inc. exhibits fluctuations over the analyzed period from September 30, 2020, through June 30, 2025. Initially, the ratio stood at 2.00 in September 2020, gradually increasing to a peak of 2.54 by December 2021. This upward trend indicates improved efficiency in inventory management, suggesting that the company was able to sell and replace its inventory more frequently during this period.
Following the peak, the ratio experienced a gradual decline, reaching a low of 1.69 by September 2024. The significant reduction in inventory turnover during this period may point to slower inventory sales or potential overstocking issues. In late 2024, the ratio recovered somewhat to 1.82, and remaining relatively stable through the first half of 2025, with a reading of 2.00 in June 2025.
Overall, the pattern of inventory turnover suggests a cycle of operational efficiency improvements that peaked around late 2021, followed by a period of reduced efficiency, and a subsequent partial recovery. The fluctuations reflect varying levels of inventory management effectiveness, with the current ratio close to initial levels observed in late 2020, underscoring the importance of ongoing inventory control strategies to maintain optimal turnover.
Peer comparison
Jun 30, 2025
Jun 30, 2025