VF Corporation (VFC)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		12.74	11.71	18.63	19.38	23.49
Number of days of payables	days	28.65	31.16	19.59	18.83	15.54

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.74
= 28.65

The number of days of payables for VF Corporation has shown a fluctuating trend over the past five years. As of March 31, 2024, the company took approximately 28.65 days to pay its payables, which is an improvement from the previous year's 31.16 days. However, compared to two years ago, the number of days has increased significantly from 19.59 days. This suggests that VF Corporation has been taking longer to settle its payables in recent years.

The increase in the number of days of payables may indicate a change in the company's payment policies or possible delays in settling outstanding obligations. It is essential to closely monitor this ratio as an upward trend over time could potentially strain cash flow and relationships with suppliers. A detailed investigation into the reasons behind the changes in payables turnover is recommended to assess the overall financial health and efficiency of VF Corporation's working capital management.