Tapestry Inc (TPR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,896,900 | 2,775,100 | 2,659,800 | 2,415,700 | 2,277,800 | 2,263,400 | 2,313,200 | 2,255,400 | 2,285,500 | 2,535,000 | 2,927,400 | 3,150,000 | 3,259,300 | 3,015,000 | 2,890,700 | 2,530,100 | 2,276,400 | 2,553,100 | 3,322,400 | 3,086,900 |
| ROE | 28.17% | 31.74% | 34.89% | 38.73% | 41.09% | 39.79% | 36.17% | 36.57% | 37.47% | 34.21% | 28.57% | 26.33% | 25.59% | 11.30% | -14.81% | -17.41% | -28.65% | -8.20% | 17.61% | 17.53% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $816,000K ÷ $2,896,900K
= 28.17%
Tapestry Inc's return on equity (ROE) has shown fluctuating trends over the periods provided. The ROE ranged from a low of -28.65% in March 2020 to a high of 41.09% in June 2023. The company experienced a significant improvement in ROE from March 2020 to December 2023, with the ROE steadily increasing. However, after reaching a peak of 41.09% in June 2023, the ROE started to decline gradually.
The ROE figures above indicate that Tapestry Inc has been able to generate a respectable return for its shareholders, with double-digit ROEs in most periods. Higher ROE values suggest that the company is efficiently utilizing shareholder equity to generate profits. On the other hand, the negative ROEs observed in some periods like December 2020 and September 2020 indicate that the company's net income was not sufficient to cover its shareholder equity.
Overall, Tapestry Inc's ROE performance demonstrates both strengths and weaknesses, highlighting the importance of monitoring profitability and efficiency measures to ensure sustainable value creation for shareholders.
Peer comparison
Jun 30, 2024