Tapestry Inc (TPR)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,140,100 | 1,178,700 | 1,200,700 | 1,171,300 | 1,172,400 | 1,147,300 | 1,090,500 | 1,135,100 | 1,175,800 | 1,187,000 | 1,134,200 | 1,060,800 | 968,000 | 428,300 | -373,900 | -400,200 | -550,800 | -99,700 | 695,600 | 709,000 |
| 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 |
| Operating ROA | 8.51% | 8.59% | 8.69% | 16.40% | 16.47% | 16.43% | 15.03% | 16.03% | 16.18% | 16.18% | 14.30% | 13.24% | 11.55% | 5.38% | -4.59% | -4.92% | -6.95% | -1.29% | 8.00% | 8.39% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,140,100K ÷ $13,396,300K
= 8.51%
The operating return on assets (operating ROA) for Tapestry Inc has fluctuated over the past few quarters. From December 2019 to March 2020, there was a significant decline in operating ROA, reaching negative percentages, indicating a period of operational inefficiency or financial challenges.
However, there was a notable recovery from March 2020 to September 2020, with operating ROA climbing back to positive percentages and reaching 8.00% by September 2020. The trend continued positively, with operating ROA gradually increasing to around 16% from March 2021 to March 2023, reflecting improved operational performance and asset utilization.
There was a slight dip in operating ROA in the quarter ended June 2023 but recovered in the subsequent quarters until reaching 16.40% in September 2023. The operating ROA then saw a decline in the most recent quarter reported, dropping to 8.51% in June 2024.
Overall, the analysis shows that Tapestry Inc has experienced fluctuations in its operating ROA performance, with periods of both challenges and improvements. It is important for the company to continue monitoring and managing its operational efficiency to sustain and enhance its return on assets in the future.
Peer comparison
Jun 30, 2024