Tapestry Inc (TPR)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,671,200 | 6,660,900 | 6,684,500 | 5,746,300 | 4,961,400 |
| Total assets | US$ in thousands | 13,396,300 | 7,116,800 | 7,265,300 | 8,382,400 | 7,924,200 |
| Total asset turnover | 0.50 | 0.94 | 0.92 | 0.69 | 0.63 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,671,200K ÷ $13,396,300K
= 0.50
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. A higher ratio indicates better asset utilization.
From the data provided, Tapestry Inc's total asset turnover has fluctuated over the past five years. In the most recent fiscal year ending June 30, 2024, the total asset turnover was 0.50, which represents a decline from the previous year's ratio of 0.94. This suggests a decrease in the company's ability to generate revenue from its assets compared to the prior year.
Looking further back, the total asset turnover was relatively stable around 0.92 in June 2022 and 0.69 in June 2021. The ratio was lower in June 2020 at 0.63.
Overall, the trend in Tapestry Inc's total asset turnover indicates some variability in asset efficiency. Further analysis and comparison with industry benchmarks would be helpful to assess the company's asset utilization performance in more detail.
Peer comparison
Jun 30, 2024