VF Corporation (VFC)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	9,794,050	9,852,870	10,068,710	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
Property, plant and equipment	US$ in thousands	718,481	755,802	794,212	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
Fixed asset turnover		13.63	13.04	12.68	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

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,794,050K ÷ $718,481K
= 13.63

The fixed asset turnover of VF Corporation has shown a generally increasing trend from March 31, 2020, to December 31, 2024. The ratio has improved from 10.99 in March 2020 to 13.63 in December 2024. This indicates that the company has been able to generate more sales revenue per dollar invested in fixed assets over this period.

A higher fixed asset turnover ratio suggests that VF Corporation is efficiently utilizing its fixed assets to generate sales. The increasing trend in the ratio indicates that the company has been able to improve its operational efficiency and productivity.

It is important for investors and analysts to monitor the fixed asset turnover ratio as it can provide insights into how effectively VF Corporation is managing its fixed assets and generating revenue. The increasing trend in the ratio is a positive indicator of operational efficiency and effective asset utilization within the company.