VF Corporation (VFC)

Number of days of payables

		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
Payables turnover		12.55	10.13	10.19	8.31	9.16	9.97	8.76	8.20	18.40	18.21	18.40	17.77	19.10	16.09	15.29	21.17	20.36	20.65	17.73	17.74
Number of days of payables	days	29.08	36.04	35.84	43.94	39.85	36.62	41.65	44.51	19.84	20.04	19.84	20.54	19.11	22.69	23.88	17.24	17.93	17.67	20.58	20.58

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.55
= 29.08

The number of days of payables for VF Corporation has varied over the past several quarters. On average, VF Corporation takes around 30 to 40 days to pay its suppliers. The trend shows that payables have been decreasing in recent quarters, indicating that the company is taking longer to pay its suppliers. This could be due to improved cash flow management or negotiation with suppliers for more favorable payment terms. However, it is important to monitor this trend closely to ensure it does not negatively impact relationships with suppliers or lead to potential liquidity issues in the future.