VF Corporation (VFC)

Number of days of payables

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
Payables turnover 9.88 8.93 8.91 13.01 10.39 10.52 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
Number of days of payables days 36.96 40.88 40.96 28.06 35.14 34.71 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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.88
= 36.96

The number of days of payables for VF Corporation has shown some fluctuations over the years, reflecting its management of supplier payment terms.

- The company's payables turnover improved from 17.93 days as of March 31, 2020, to 22.69 days as of December 31, 2020.
- Subsequently, the number of days of payables decreased to 19.11 days by March 31, 2021, indicating a shorter time taken by the company to pay its suppliers.
- The trend continued with fluctuations, reaching 44.51 days by June 30, 2022. This significant increase suggests a potential delay in settling payables during that period.
- However, by December 31, 2023, the number of days of payables had decreased to 35.14 days, indicating an improvement in managing supplier payments.
- The latest data available as of December 31, 2024, shows the number of days of payables at 36.96 days, suggesting a slight increase compared to the previous period.

Overall, monitoring the number of days of payables is crucial as it reflects VF Corporation's efficiency in managing its cash flow and relationships with suppliers. Fluctuations in this ratio can indicate changes in payment terms, working capital management, and potential liquidity challenges or improvements for the company.