VF Corporation (VFC)

Days of inventory on hand (DOH)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Inventory turnover		2.75	2.62	2.30	2.34	2.84	2.41	2.19	1.96	2.41	2.12	2.00	2.34	3.80	4.09	3.42	3.96	4.12	3.83	2.98	3.27
DOH	days	132.81	139.43	158.83	155.68	128.48	151.55	166.50	186.38	151.72	172.23	182.74	156.13	96.13	89.25	106.57	92.16	88.67	95.31	122.48	111.53

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.75
= 132.81

The days of inventory on hand (DOH) for VF Corporation have shown fluctuating trends over the past few years. Starting at 111.53 days on June 30, 2020, the DOH increased to 182.74 days by September 30, 2022, suggesting a significant buildup of inventory relative to sales. This spike was followed by a gradual decline, dropping to 128.48 days by March 31, 2024.

The DOH metric peaked again at 186.38 days on June 30, 2023, indicating that inventory levels were relatively high compared to the rate at which goods were being sold. However, there was a subsequent decrease to 139.73 days by December 31, 2024.

Overall, the DOH trend for VF Corporation suggests fluctuations in inventory management efficiency. High DOH values signify a potential risk of excess or obsolete inventory, while low DOH values could indicate stockouts or demand-supply imbalances. VF Corporation may need to focus on optimizing inventory levels to improve working capital management and operational efficiency.