VF Corporation (VFC)

Number of days of payables

		Mar 31, 2025	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
Payables turnover		5.66	4.66	4.22	4.27	6.14	5.31	5.48	4.26	5.89	6.06	5.37	5.35	9.57	9.40	9.39	9.01	9.44	9.99	9.50	13.16
Number of days of payables	days	64.45	78.30	86.52	85.40	59.44	68.77	66.63	85.75	61.96	60.22	67.94	68.20	38.15	38.81	38.88	40.50	38.68	36.52	38.42	27.74

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.66
= 64.45

The number of days of payables for VF Corporation has shown some variability over the past few years. In general, the number of days it takes for the company to pay its suppliers has increased from around 27 days in June 2020 to around 85 days by June 2024. This increase may indicate that VF Corporation is taking longer to pay its suppliers, which could be a strategic decision to manage cash flow or negotiate better payment terms.

There were fluctuations in the number of days of payables during this period, with some quarters showing increases and others showing decreases. For example, there was a significant jump in the number of days of payables from June 2022 to June 2023, where it increased from 68 days to 85 days. This could be a result of various factors such as changes in business operations, supplier relationships, or market conditions.

Overall, the trend in the number of days of payables for VF Corporation suggests that the company may be adjusting its payment practices over time. It is important for investors and stakeholders to monitor this ratio to understand how efficiently VF Corporation is managing its working capital and supplier relationships.