Tapestry Inc (TPR)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.94 | 4.67 | 3.91 | 3.74 | 13.17 | |
| Number of days of payables | days | 92.64 | 78.20 | 93.43 | 97.63 | 27.72 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.94
= 92.64
The number of days of payables for Tapestry Inc has shown variability over the past five years. In the most recent fiscal year ending on June 30, 2024, the company took approximately 92.64 days to pay off its payables, representing an increase compared to the prior year's figure of 78.20 days. This indicates that Tapestry is taking slightly longer to settle its outstanding payables, which may have implications for its working capital management and supplier relationships.
Looking further back, the number of days of payables fluctuated over the years, with a noticeable peak in 2021 at 97.63 days before decreasing significantly in 2020 to 27.72 days. This variability suggests that Tapestry's payment policies and strategies regarding trade payables have evolved over time.
Analyzing the trend in the number of days of payables can offer insights into Tapestry's liquidity position, cash flow management, and working capital efficiency. It is essential to continue monitoring this ratio in conjunction with other financial metrics to assess the company's financial health and operational performance effectively.
Peer comparison
Jun 30, 2024