Tapestry Inc (TPR)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,010,700 | 6,878,600 | 6,776,400 | 6,665,500 | 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 |
| Receivables | US$ in thousands | 239,300 | 532,200 | 564,600 | 541,800 | 464,400 | 499,200 | 487,200 | 511,300 | 211,500 | 443,800 | 252,800 | 269,600 | 252,300 | 416,900 | 200,200 | 236,800 | 454,800 | 393,500 | 331,700 | 251,100 |
| Receivables turnover | 29.30 | 12.92 | 12.00 | 12.30 | 14.37 | 13.42 | 13.81 | 13.04 | 31.49 | 15.02 | 26.09 | 24.89 | 26.49 | 16.01 | 32.52 | 25.57 | 12.63 | 12.31 | 14.00 | 19.02 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,010,700K ÷ $239,300K
= 29.30
The receivables turnover ratio of Tapestry Inc. demonstrates notable fluctuations over the analyzed period, reflecting changes in the company's efficiency in collecting accounts receivable. At the end of September 2020, the ratio stood at 19.02, indicating a relatively moderate pace of collection. However, this ratio declined substantially by December 2020 to 14.00 and further decreased to 12.31 in March 2021, suggesting a slowdown in receivables collection efficiency during that period.
Subsequently, the ratio experienced a modest recovery, reaching 12.63 in June 2021 before a significant escalation to 25.57 in September 2021 and a peak of 32.52 in December 2021. These increases imply markedly improved collection efficiency during the latter part of 2021, potentially attributable to tighter credit policies or improved cash flow management.
In 2022, the ratio fluctuated, with a decline to 16.01 in March, followed by an increase to 26.49 in June and 24.89 in September. The ratio remained stable in December at 26.09. During 2023, the ratio generally decreased, recorded at 15.02 in March and dropping further to 13.04 in September. However, a slight rebound occurred in December 2023 to 13.81 and subsequently in March 2024 to 13.42.
In the most recent periods, the ratio exhibits an upward trend again, with 14.37 in June 2024 and 12.30 in September 2024. The December 2024 figure marginally declines to 12.00, but a notable increase appears in June 2025 with 29.30, indicating a significant improvement in receivables collection efficiency for that period.
Overall, Tapestry Inc.'s receivables turnover ratio has experienced considerable volatility, with periods of both rapid collection (notably late 2021 and mid-2025) and slowdown (notably late 2020 and 2023). These movements may reflect changes in credit policy, customer base, sales mix, or economic conditions influencing the company's accounts receivable management. The episodic peaks suggest periods of improved collection efficiency, while the troughs point to challenges or strategic shifts affecting receivables collection performance.
Peer comparison
Jun 30, 2025