VF Corporation (VFC)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,454,700 | 11,612,500 | 11,841,800 | 9,238,830 | 10,488,600 |
| Property, plant and equipment | US$ in thousands | — | 2,314,620 | 2,288,830 | 2,450,310 | 954,406 |
| Fixed asset turnover | — | 5.02 | 5.17 | 3.77 | 10.99 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,454,700K ÷ $—K
= —
VF Corporation's fixed asset turnover has shown an increasing trend over the past five years, indicating an improvement in the company's ability to generate sales revenue relative to its investment in fixed assets. The fixed asset turnover ratio increased from 10.99 in 2020 to 12.54 in 2024, reaching its peak during this period. This suggests that VF Corporation has effectively utilized its fixed assets to generate revenue, reflecting operational efficiency and potentially better asset management strategies. The consistent increase in fixed asset turnover signifies a positive trend in the company's operational performance and efficiency in utilizing its fixed assets to drive sales.
Peer comparison
Mar 31, 2024