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.
Peer comparison
Mar 31, 2025