Tapestry Inc (TPR)
Total asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,010,700 | 6,671,200 | 6,660,900 | 6,684,500 | 5,746,300 |
| Total assets | US$ in thousands | 6,580,500 | 13,396,300 | 7,116,800 | 7,265,300 | 8,382,400 |
| Total asset turnover | 1.07 | 0.50 | 0.94 | 0.92 | 0.69 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,010,700K ÷ $6,580,500K
= 1.07
The total asset turnover ratio for Tapestry Inc has exhibited notable fluctuations over the specified period. As of June 30, 2021, the ratio was recorded at 0.69, indicating that the company generated approximately $0.69 in sales for every dollar of total assets. In the subsequent year, June 30, 2022, this ratio increased significantly to 0.92, reflecting an improvement in the efficiency with which Tapestry utilized its assets to generate sales. The upward trend continued into June 30, 2023, reaching 0.94, which suggests that the company maintained or slightly enhanced its asset utilization efficiency during this period.
However, a considerable decline occurred by June 30, 2024, where the ratio dropped sharply to 0.50. This reduction indicates a decrease in sales efficiency relative to total assets, potentially signaling challenges such as increased asset base without proportional sales growth or changes in operational efficiency. Interestingly, the ratio rebounded sharply in the following year, reaching 1.07 as of June 30, 2025. This upward movement suggests a significant improvement in asset utilization, possibly due to strategic initiatives, improved sales performance, or asset management efficiency.
Overall, the trend in Tapestry Inc's total asset turnover demonstrates periods of growth and contraction, with the most recent data reflecting a strong recovery and an above-average efficiency in utilizing assets to generate sales.
Peer comparison
Jun 30, 2025