Tapestry Inc (TPR)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 816,000 | 936,000 | 856,300 | 834,200 | -652,100 |
| Total assets | US$ in thousands | 13,396,300 | 7,116,800 | 7,265,300 | 8,382,400 | 7,924,200 |
| ROA | 6.09% | 13.15% | 11.79% | 9.95% | -8.23% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $816,000K ÷ $13,396,300K
= 6.09%
Tapestry Inc's return on assets (ROA) has shown fluctuations over the past five years, ranging from -8.23% in 2020 to 13.15% in 2023. The company's ROA decreased from 13.15% in 2023 to 6.09% in 2024, which may indicate a decline in the company's efficiency in generating profits relative to its total assets. However, Tapestry's ROA in 2024 is still positive, suggesting that the company is able to generate profit from its assets, albeit at a lower rate than in the previous year. Further analysis and comparison with industry benchmarks would be necessary to fully assess Tapestry's performance in utilizing its assets effectively.
Peer comparison
Jun 30, 2024