VF Corporation (VFC)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	10,184,130	10,558,980	11,142,770	11,214,850	11,421,180	11,537,730	11,647,950	11,764,430	11,695,020	11,354,050	10,739,450	10,184,120	9,100,770	8,757,870	8,941,450	9,514,190	10,488,550	10,743,540	10,571,120	10,393,120
Property, plant and equipment	US$ in thousands	812,386	913,384	916,571	943,163	930,023	932,663	984,115	1,007,850	1,028,440	1,049,690	1,011,420	1,016,460	975,876	955,845	933,990	957,309	954,406	867,205	832,237	826,570
Fixed asset turnover		12.54	11.56	12.16	11.89	12.28	12.37	11.84	11.67	11.37	10.82	10.62	10.02	9.33	9.16	9.57	9.94	10.99	12.39	12.70	12.57

March 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,184,130K ÷ $812,386K
= 12.54

Fixed asset turnover for VF Corporation has been relatively stable over the past few quarters, ranging between 9.16 and 12.54. This ratio measures how efficiently the company is generating sales revenue from its investment in fixed assets. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales. VF Corporation's fixed asset turnover has generally been above 10, indicating a healthy level of efficiency in utilizing its fixed assets to drive revenue. Overall, the trend in fixed asset turnover for VF Corporation suggests that the company is effectively managing and utilizing its fixed assets to generate sales.