Tapestry Inc (TPR)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 183,200 | 859,600 | 795,700 | 807,600 | 816,000 | 880,800 | 928,100 | 935,700 | 936,000 | 900,700 | 836,700 | 824,700 | 856,300 | 867,300 | 836,300 | 829,400 | 834,200 | 340,600 | -428,200 | -440,400 |
| 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 |
| ROA | 2.78% | 11.77% | 10.97% | 5.88% | 6.09% | 6.42% | 6.72% | 13.10% | 13.15% | 12.90% | 11.53% | 11.65% | 11.79% | 11.82% | 10.55% | 10.35% | 9.95% | 4.28% | -5.25% | -5.41% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $183,200K ÷ $6,580,500K
= 2.78%
The analysis of Tapestry Inc.'s return on assets (ROA) over the examined period reveals substantial fluctuations, indicating varying levels of efficiency in generating profit from its assets. At the onset of the observed timeline, as of September 30, 2020, the company exhibited a negative ROA of -5.41%, reflecting unprofitable asset utilization amid challenging market conditions potentially influenced by the COVID-19 pandemic. This negative trajectory persisted into December 31, 2020, with a marginally improved but still negative figure of -5.25%, signaling continued operational challenges.
By March 31, 2021, Tapestry demonstrated a significant turnaround, achieving a positive ROA of 4.28%, which indicated a shift towards profitability in asset management. The improvement was sustained and strengthened through June 30, 2021, with ROA reaching 9.95%, and subsequently maintaining upward momentum through September 30, 2021 (10.35%) and December 31, 2021 (10.55%). This consistent growth suggests effective operational strategies and a recovery phase following the initial pandemic impact.
The upward trend continued into fiscal year 2022, with ROA increasing to 11.82% by March 31, 2022, and maintaining a high level through June (11.79%) and September (11.65%) of that year. Throughout this period, the company demonstrated a solid capacity to generate profit relative to its assets, emphasizing operational efficiency.
The performance persisted into 2023, with ROA reaching 12.90% at the end of March and peaking slightly at 13.15% in June, before slightly tapering to 13.10% by September 2023. These high levels underscore sustained profitability and operating effectiveness.
However, a notable decline was observed at the end of 2023, where ROA decreased sharply to 6.72%, and further down to 6.42% in March 2024, and then to 6.09% in June 2024, indicating a period of reduced asset efficiency or profitability challenges. This downward trend continued into September 2024 (5.88%), coinciding with broader macroeconomic or company-specific factors that may have impacted performance.
Subsequently, a temporary recovery occurred by December 2024, with ROA rising to 10.97%, suggesting a partial rebound in asset utilization or profitability. The positive trend extended into early 2025, reaching 11.77% in March, although it declined again to 2.78% in June 2025, which reflects volatility and possibly changing operational or market conditions.
Overall, Tapestry Inc.’s ROA trajectory shows a period of initial losses, followed by a robust recovery and sustained profitability, before experiencing fluctuations and declines in recent periods. These movements highlight the company's evolving operational efficiency and profitability, influenced by external and internal factors affecting asset utilization and income generation.
Peer comparison
Jun 30, 2025