Tapestry (Tapestry) Accounts Receivable : $277 Mil (As of Mar. 2024)

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What is Tapestry Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tapestry's accounts receivables for the quarter that ended in Mar. 2024 was $277 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tapestry's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 17.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tapestry's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-12.69.

Tapestry Accounts Receivable Historical Data

The historical data trend for Tapestry's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tapestry Accounts Receivable Chart

Tapestry Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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298.10

193.30

200.20

252.30

211.50

Tapestry Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															240.80	211.50	264.80	245.60	276.70

Tapestry Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Tapestry Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Tapestry's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	276.7	/	1482.4	*	91
=	17.03

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Tapestry's accounts receivable are only considered to be worth 75% of book value:

Tapestry's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7418	+	0.75 * 276.7	+	0.5 * 824.1	-	10952.8
-	0	-	0)	/	229.8
=	-12.69

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Tapestry Accounts Receivable Related Terms

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Tapestry (Tapestry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tapestry Inc (NYSE:TPR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TPR:Mexico COY:Germany COY:Germany

Address

10 Hudson Yards, New York, NY, USA, 10001

Website

https://www.tapestry.com

Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.

Executives

Denise Kulikowsky	officer: Chief People Officer	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Lau Alan Ka Ming	director	10 HUDSON YARDS, NEW YORK NY 10001
Manesh Dadlani	officer: VP, Controller and PAO	10 HUDSON YARDS, NEW YORK NY 10001
Thomas A. Glaser	officer: Chief Operations Officer	10 HUDSON YARDS, 19TH FLOOR, NEW YORK NY 10001
Sarah Dunn	officer: SVP, Human Resources	516 WEST 34TH STREET, NEW YORK NY 10001
Todd Kahn	officer: SVP and General Counsel	516 WEST 34TH STREET, NEW YORK NY 10001
Johanna W. Faber	director	10 HUDSON YARDS, NEW YORK NY 10001
David E Howard	officer: SVP, GC & Secretary	10 HUDSON YARDS, NEW YORK NY 10001
Scott A. Roe	officer: CFO and Head of Strategy	105 CORPORATE CENTER BLVD., GREENSBORO NC 27408
Annabelle Yu Long	director	516 WEST 34TH STREET, NEW YORK NY 10001
Ivan Menezes	director	C/O TAPESTRY, INC., 10 HUDSON YARDS, NEW YORK NY 10001
Thomas Greco	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Pamela Lifford	director	10 HUDSON YARDS, NEW YORK NY 10001
John P Bilbrey	director
Elizabeth Fraser	officer: CEO & Brand Pres. Kate Spade	10 HUDSON YARDS, NEW YORK NY 10001