Tapestry Inc (TPR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -652,100 | -209,400 | 585,100 | 541,100 |
| 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 |
| ROA | 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% | -8.23% | -2.70% | 6.73% | 6.40% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $816,000K ÷ $13,396,300K
= 6.09%
The return on assets (ROA) for Tapestry Inc has exhibited fluctuations over the past eight quarters. In the most recent quarter, ending June 30, 2024, the ROA stood at 6.09%, showing a slight decrease compared to the previous quarter (6.42% as of March 31, 2024).
Looking back over the trend, the ROA peaked at 13.15% in the quarter ended September 30, 2023, before slightly declining in the subsequent quarters. It then saw a significant spike at 13.10% in the quarter ended December 31, 2023, but has since gradually decreased.
The company experienced a notable decline in ROA in the quarters ended March 31, 2021, and December 31, 2020, dipping into negative territory. However, the ROA has generally shown an improving trend since then, reaching positive values in the following quarters.
Overall, Tapestry Inc's ROA has demonstrated variability over the analyzed period, indicating fluctuations in the company's efficiency in generating profits from its assets. It is essential for investors and stakeholders to closely monitor these trends to assess the company's operational performance and financial health.
Peer comparison
Jun 30, 2024