VF Corporation (VFC)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 3,471,773 4,697,673 4,786,803 4,948,443 5,018,069 5,173,759 5,438,939 5,458,089 5,515,800 5,493,000 5,492,550 5,473,820 5,386,391 5,264,001 5,016,421 4,819,381 4,370,781 4,120,647 4,276,087 4,590,987
Payables US$ in thousands 1,007,810 1,134,640 1,157,760 817,128 974,844 992,911 1,282,310 936,319 906,340 1,022,410 1,022,760 562,992 559,716 534,365 534,803 463,208 412,324 450,109 348,932
Payables turnover 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

March 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,471,773K ÷ $—K
= —

The payables turnover ratio for VF Corporation has been fluctuating over the years based on the provided data. The payables turnover ratio indicates how many times a company pays off its accounts payable during a certain period.

From June 30, 2020, to December 31, 2021, the payables turnover ratio ranged between 9.01 and 13.16. This indicates that VF Corporation was able to efficiently manage its accounts payable during this period.

However, from June 30, 2022, to March 31, 2025, the payables turnover ratio declined significantly, dropping to as low as 4.21. This suggests that the company took longer to pay off its accounts payable during this period.

The decreasing trend in the payables turnover ratio could imply that VF Corporation may be facing challenges in managing its payables effectively. It is essential for the company to monitor and improve its payables turnover ratio to ensure healthy relationships with suppliers and maintain liquidity.