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	10,184,200	11,421,200	11,695,000	9,105,780	10,488,600
Property, plant and equipment	US$ in thousands	812,386	930,023	1,028,440	975,876	954,406
Fixed asset turnover		12.54	12.28	11.37	9.33	10.99

March 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,184,200K ÷ $812,386K
= 12.54

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.