Tapestry Inc (TPR)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,671,200 | 6,699,600 | 6,726,700 | 6,667,600 | 6,660,900 | 6,666,300 | 6,594,300 | 6,710,100 | 6,684,500 | 6,675,000 | 6,510,800 | 6,055,000 | 5,746,300 | 4,845,700 | 4,645,100 | 4,775,700 | 4,961,400 | 5,760,300 | 6,019,000 | 6,003,800 |
| Receivables | US$ in thousands | 228,200 | 276,700 | 245,600 | 264,800 | 211,500 | — | 252,800 | — | 252,300 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 29.23 | 24.21 | 27.39 | 25.18 | 31.49 | — | 26.09 | — | 26.49 | — | — | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,671,200K ÷ $228,200K
= 29.23
Tapestry Inc's receivables turnover ratio has fluctuated over the past several quarters. The ratio, which measures how efficiently the company collects its accounts receivable, peaked at 31.49 in the second quarter of 2023 before declining in subsequent periods. As of the most recent data available, the receivables turnover stood at 29.23 for the quarter ending June 30, 2024, indicating that the company is collecting its receivables approximately 29 times a year.
The fluctuations in the receivables turnover ratio suggest variations in the company's credit and collection policies or changes in customer payment patterns. Further analysis would be required to determine the underlying reasons for these fluctuations and whether they align with Tapestry Inc's overall financial strategy.
Peer comparison
Jun 30, 2024