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 — 2.62 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 — 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 ÷ —
= —

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.