VF Corporation (VFC)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 7.99 | 8.03 | 5.90 | 9.24 | 7.09 | 7.37 | 6.35 | 9.41 | 7.97 | 7.59 | 6.01 | 8.94 | 7.01 | 6.20 | 5.57 | 10.18 | 8.02 | 6.54 | 5.35 | 7.96 | |
| DSO | days | 45.66 | 45.43 | 61.90 | 39.52 | 51.46 | 49.51 | 57.49 | 38.77 | 45.81 | 48.09 | 60.75 | 40.82 | 52.06 | 58.83 | 65.58 | 35.87 | 45.52 | 55.78 | 68.23 | 45.88 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.99
= 45.66
Analyzing the Days of Sales Outstanding (DSO) for VF Corporation over the past few quarters, we observe fluctuations in the collection period of accounts receivable. Lower DSO values indicate a faster collection of receivables, which is generally favorable for a company's cash flow and liquidity.
In the most recent quarter, as of March 31, 2024, the DSO stands at 45.66 days, showing a slight increase from the previous quarter but remaining relatively stable. This suggests that VF Corporation takes approximately 45.66 days to collect its outstanding sales. Compared to the same period last year, there has been an improvement in DSO, indicating more efficient management of receivables.
Analyzing the trend over the past few quarters, there has been some variability in DSO values, with peaks observed in mid-2022 and late 2020, possibly indicating delays in collections during those periods. However, overall, the DSO values have shown a tendency to hover around the mid-40s to mid-50s range, indicating a reasonable efficiency in accounts receivable management.
It is important for VF Corporation to continue monitoring and managing its DSO effectively to ensure timely collection of receivables, which can positively impact cash flows and working capital management. Maintaining DSO at a reasonable level can help the company improve its overall financial health and operational performance.
Peer comparison
Mar 31, 2024