Tapestry Inc (TPR)
Number of days of payables
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.78 | 3.94 | 4.67 | 3.91 | 3.74 | |
| Number of days of payables | days | 96.69 | 92.64 | 78.20 | 93.43 | 97.63 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.78
= 96.69
The number of days of payables for Tapestry Inc. over the indicated periods demonstrates notable fluctuations. As of June 30, 2021, the company had an average payable period of approximately 97.63 days, indicating that, on average, the company was taking about 98 days to settle its accounts payable obligations.
This duration decreased to approximately 93.43 days by June 30, 2022, reflecting a slight shortening in the payable period, which could suggest improved cash flow management or more prompt payment practices. The trend continued into June 30, 2023, with the payable period declining further to approximately 78.20 days, marking a significant reduction and potentially indicating more efficient payment cycles or changes in supplier credit terms.
However, in the subsequent year, the payable period lengthened again, reaching approximately 92.64 days by June 30, 2024. This increase reversed some of the previous efficiencies, possibly due to shifts in supplier negotiations, changes in supply chain strategy, or alterations in payment policies.
By June 30, 2025, the payable period further extended to approximately 96.69 days. This trend suggests a gradual return to longer payment durations, nearing levels observed in the earlier years. The overall pattern indicates variability in Tapestry Inc.'s management of accounts payable, with periods of both tightening and loosening of payment cycles, which may be influenced by internal policy decisions, external supplier terms, or strategic financial considerations.
Peer comparison
Jun 30, 2025