VF Corporation (VFC)
Payables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,420,830 | 5,017,440 | 5,515,800 | 5,386,390 | 4,370,780 |
| Payables | US$ in thousands | 789,570 | 817,128 | 936,319 | 562,992 | 463,208 |
| Payables turnover | 5.60 | 6.14 | 5.89 | 9.57 | 9.44 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,420,830K ÷ $789,570K
= 5.60
The payables turnover ratio for VF Corporation has shown some fluctuations over the years. In March 2021, the payables turnover ratio was 9.44, indicating that the company was able to turn over its accounts payables approximately 9.44 times during the year. This ratio increased slightly to 9.57 by March 2022, suggesting a slightly more efficient management of payables.
However, in March 2023, there was a significant decrease in the payables turnover ratio to 5.89, which may indicate a longer payment period or a decrease in the speed at which the company pays its suppliers. The ratio improved slightly in the following years, with ratios of 6.14 in March 2024 and 5.60 in March 2025.
Overall, the payables turnover ratio for VF Corporation has shown some variability, which could be influenced by changes in the company's payment policies, supplier relationships, or operating environment. Further analysis would be needed to understand the underlying reasons for these fluctuations and their implications for the company's financial performance and liquidity management.
Peer comparison
Mar 31, 2025