Tapestry Inc (TPR)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 7,924,200 | 7,743,000 | 8,700,100 | 8,450,100 |
| Total asset turnover | 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 | 0.63 | 0.74 | 0.69 | 0.71 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,671,200K ÷ $13,396,300K
= 0.50
Total asset turnover is a key financial ratio used to measure a company's efficiency in generating sales revenue from its total assets. Tapestry Inc's total asset turnover has fluctuated over the past few quarters, ranging from 0.49 to 0.95.
From December 2021 to September 2022, the total asset turnover was relatively stable, hovering around 0.91 to 0.95, indicating that Tapestry was generating approximately $0.91 to $0.95 in sales for every dollar of total assets during this period.
However, there was a significant decrease in total asset turnover in the subsequent quarters, with the ratio dropping to as low as 0.57 in March 2021. This suggests that Tapestry was less efficient in utilizing its assets to drive sales revenue during that time.
Moving forward, Tapestry managed to improve its total asset turnover, reaching 0.94 and 0.93 in the third and fourth quarters of 2023, respectively. This indicates an enhancement in the company's asset utilization efficiency, with an increased ability to generate sales from its total assets.
Overall, Tapestry's total asset turnover has shown variability, but recent improvements suggest a positive trend in asset utilization efficiency. Monitoring this ratio over time can provide insights into the company's operational efficiency and financial health.
Peer comparison
Jun 30, 2024