Tapestry Inc (TPR)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.94 | 4.90 | 4.03 | 4.94 | 4.67 | 6.06 | 4.64 | 4.06 | 3.91 | 4.13 | 4.07 | 4.19 | 3.74 | 3.49 | 3.95 | 5.48 | 13.17 | 10.10 | 7.84 | 7.75 | |
| Number of days of payables | days | 92.64 | 74.47 | 90.60 | 73.88 | 78.20 | 60.26 | 78.67 | 89.92 | 93.43 | 88.38 | 89.63 | 87.12 | 97.63 | 104.45 | 92.39 | 66.66 | 27.72 | 36.14 | 46.54 | 47.10 |
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 varied over the past few quarters, indicating fluctuations in the company's ability to manage its accounts payable effectively.
In the most recent quarter as of June 30, 2024, Tapestry Inc took an average of 92.64 days to pay its suppliers, which is higher compared to the previous quarter. This suggests that the company has taken longer to settle its payables, potentially impacting its cash flow and relationship with suppliers.
Looking at the trend over the past few quarters, there has been some volatility in the number of days of payables. The company experienced a notable increase in the number of days of payables from the March 2023 quarter to the June 2023 quarter, but then showed a decrease in the following quarters before seeing another increase in the recent quarter.
It is important for Tapestry Inc to carefully manage its payables to ensure timely payments to suppliers while also optimizing its cash flow. A high number of days of payables may indicate inefficiencies in the company's working capital management or potential liquidity challenges. Monitoring and analyzing this ratio over time can provide insights into the financial health and operational efficiency of the company.
Peer comparison
Jun 30, 2024