Tapestry (Tapestry) ROCE % : 19.76% (As of Dec. 2023)

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What is Tapestry ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tapestry's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.76%.

Tapestry ROCE % Historical Data

The historical data trend for Tapestry's ROCE % 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 ROCE % Chart

Tapestry Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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13.92

-9.29

14.75

17.34

20.14

Tapestry Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															29.07	15.60	18.72	17.10	19.76

Tapestry ROCE % Calculation

Tapestry's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	1170.7	/	( ( (7265.3 - 1468.8)	+	(7116.8 - 1286.5) )	/ 2 )
	=	1170.7	/	( (5796.5	+	5830.3)	/ 2 )
	=	1170.7	/	5813.4
	=	20.14 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1809.2	/	( ( (7142.5 - 1194.2)	+	(13815.4 - 1447.6) )	/ 2 )
	=	1809.2	/	( ( 5948.3	+	12367.8 )	/ 2 )
	=	1809.2	/	9158.05
	=	19.76 %

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

Tapestry (NYSE:TPR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tapestry ROCE % Related Terms

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Tapestry (Tapestry) Business Description

Industry

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

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