Tapestry Inc (TPR)
Total asset 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 |
| Total assets | US$ in thousands | 6,580,500 | 7,306,200 | 7,251,900 | 13,728,900 | 13,396,300 | 13,727,900 | 13,815,400 | 7,142,500 | 7,116,800 | 6,984,400 | 7,257,700 | 7,080,000 | 7,265,300 | 7,338,200 | 7,929,400 | 8,014,100 | 8,382,400 | 7,966,000 | 8,150,400 | 8,133,400 |
| Total asset turnover | 1.07 | 0.94 | 0.93 | 0.49 | 0.50 | 0.49 | 0.49 | 0.93 | 0.94 | 0.95 | 0.91 | 0.95 | 0.92 | 0.91 | 0.82 | 0.76 | 0.69 | 0.61 | 0.57 | 0.59 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,010,700K ÷ $6,580,500K
= 1.07
The total asset turnover ratio of Tapestry Inc exhibits notable fluctuations over the analyzed period, reflecting changes in the company's efficiency in utilizing its assets to generate sales. Between September 30, 2020, and June 30, 2021, the ratio experienced a steady upward trend, rising from 0.59 to 0.69, indicating enhanced asset utilization during this phase. This increasing trajectory continued into the subsequent periods, reaching a peak of approximately 0.95 as of March 31, 2023, illustrating a period of heightened efficiency in turning assets into sales.
However, starting from December 31, 2023, the ratio saw a significant decline to 0.49, maintaining similar levels through March 31, 2024, June 30, 2024, and September 30, 2024. This sharp decrease suggests a reduction in sales efficiency relative to the asset base during this timeframe. Subsequently, the ratio rebounded strongly to 0.93 by December 31, 2024, and continued to improve, reaching 1.07 as of June 30, 2025.
Overall, the trend indicates periods of increasing efficiency in asset utilization, peaking in early 2023, followed by a temporary decline in late 2023. The subsequent recovery suggests improvements in operational efficiency and asset management. The fluctuations may be attributed to strategic decisions, market conditions, or seasonality effects impacting sales volume relative to the asset base.
Peer comparison
Jun 30, 2025