VF Corporation (VFC)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,454,700 | 11,612,500 | 11,841,800 | 9,238,830 | 10,488,600 |
| Receivables | US$ in thousands | 1,276,360 | 1,610,300 | 1,467,840 | 1,298,020 | 1,308,050 |
| Receivables turnover | 8.19 | 7.21 | 8.07 | 7.12 | 8.02 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,454,700K ÷ $1,276,360K
= 8.19
The receivables turnover ratio for VF Corporation has exhibited a fluctuating trend over the past five years. In the latest fiscal year ending March 31, 2024, the ratio stood at 7.99, indicating that the company collected its accounts receivables approximately 7.99 times during the year. This represents an improvement from the previous year's ratio of 7.09.
Historically, VF Corporation has generally maintained a relatively stable receivables turnover ratio, with values ranging from 7.02 to 8.02 over the five-year period. The variations seen in the ratio could be attributed to changes in the company's credit policies, customer payment behavior, or shifts in sales volume.
Overall, a higher receivables turnover ratio suggests that the company is efficient in collecting outstanding receivables, which is a positive indicator of liquidity and effective credit management. The increasing trend in the ratio over the past year indicates an improvement in VF Corporation's ability to convert credit sales into cash, which can help enhance cash flow and financial performance.
Peer comparison
Mar 31, 2024