VF Corporation (VFC)

Days of inventory on hand (DOH)

		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	Jun 30, 2019
Inventory turnover		5.81	4.60	4.08	3.82	3.74	3.49	3.26	3.58	7.30	7.92	6.71	7.81	8.33	6.17	4.79	5.27	6.40	6.42	5.39	6.52
DOH	days	62.86	79.42	89.55	95.50	97.57	104.71	112.03	101.90	49.99	46.09	54.38	46.73	43.81	59.20	76.12	69.31	57.00	56.88	67.73	56.00

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.81
= 62.86

The Days of Inventory on Hand (DOH) for VF Corporation has shown some fluctuations over the past few quarters.

In the most recent quarter, as of March 31, 2024, the DOH was 62.86 days, which indicates that, on average, the company holds inventory for approximately 63 days before selling it. This represents an improvement compared to the previous quarter's DOH of 79.42 days as of December 31, 2023.

Looking at the trend over the past few quarters, we observe that the DOH has experienced peaks and troughs. The highest DOH was recorded at 112.03 days as of September 30, 2022, while the lowest was 43.81 days as of March 31, 2021.

A lower DOH implies that inventory is being sold more quickly, which can positively impact working capital management and cash flow. Conversely, a higher DOH may suggest that inventory is not moving as fast, potentially leading to higher carrying costs and obsolescence risks.

Overall, it is essential for VF Corporation to effectively manage its inventory levels to optimize its operations and financial performance. Monitoring the DOH and implementing appropriate inventory management strategies can help the company maintain a healthy balance between stocking enough inventory to meet demand while minimizing excess holding costs.