VF Corporation (VFC)

Fixed asset turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	9,504,690	10,454,700	11,612,500	11,841,800	9,238,830
Property, plant and equipment	US$ in thousands	—	—	2,314,620	2,288,830	2,450,310
Fixed asset turnover		—	—	5.02	5.17	3.77

March 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,504,690K ÷ $—K
= —

VF Corporation's fixed asset turnover ratio has shown a positive trend over the past few years. The ratio increased from 3.77 in March 2021 to 5.17 in March 2022, indicating that the company generated $5.17 in sales revenue for every dollar invested in fixed assets. This improvement suggests that VF Corporation is becoming more efficient in utilizing its fixed assets to generate revenue.

In the following year, the fixed asset turnover ratio slightly decreased to 5.02 in March 2023. Despite the decrease, the ratio remains at a high level, indicating that the company continues to effectively utilize its fixed assets to drive sales.

However, the data for March 31, 2024, and March 31, 2025, is not available, so it is not possible to comment on the performance of VF Corporation in those years based on the fixed asset turnover ratio alone. Monitoring this ratio in the future could provide further insights into the company's efficiency in generating revenue from its fixed assets.