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Tapestry (Tapestry) EBIT : $1,206 Mil (TTM As of Dec. 2023)


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What is Tapestry EBIT?

Tapestry's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $452 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,206 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tapestry's annualized ROC % for the quarter that ended in Dec. 2023 was 26.35%. Tapestry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 77.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tapestry's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.90%.


Tapestry EBIT Historical Data

The historical data trend for Tapestry's EBIT 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.

* Premium members only.

Tapestry EBIT Chart

Tapestry Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 814.10 -564.10 968.70 1,105.70 1,170.70

Tapestry Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 424.80 229.30 273.00 251.80 452.30

Competitive Comparison of Tapestry's EBIT

For the Luxury Goods subindustry, Tapestry's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tapestry's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tapestry's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tapestry's EV-to-EBIT falls into.



Tapestry EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,206 Mil.

* 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.


Tapestry  (NYSE:TPR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tapestry's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=1790.4 * ( 1 - 20.04% )/( (5630.1 + 5236.1)/ 2 )
=1431.60384/5433.1
=26.35 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Tapestry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1809.2/( ( (1891.7 + max(650.1, 0)) + (1910.2 + max(221.6, 0)) )/ 2 )
=1809.2/( ( 2541.8 + 2131.8 )/ 2 )
=1809.2/2336.8
=77.42 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(264.8 + 942.5 + 316.4) - (873.6 + 0 + 0)
=650.1

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(245.6 + 824.9 + 268.1) - (1117 + 0 + 0)
=221.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tapestry's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1206.4/11063.514
=10.90 %

* 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.


Tapestry EBIT Related Terms

Thank you for viewing the detailed overview of Tapestry's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Tapestry (Tapestry) Business Description

Traded in Other Exchanges
Address
10 Hudson Yards, New York, NY, USA, 10001
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

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