VF Corporation (VFC)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,504,690 | 10,454,700 | 11,612,500 | 11,841,800 | 9,238,830 |
| Receivables | US$ in thousands | 1,321,660 | 1,276,360 | 1,610,300 | 1,467,840 | 1,298,020 |
| Receivables turnover | 7.19 | 8.19 | 7.21 | 8.07 | 7.12 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,504,690K ÷ $1,321,660K
= 7.19
To analyze VF Corporation's receivables turnover, we calculate the ratio of net credit sales to average accounts receivable. The data shows the following receivables turnover ratios for VF Corporation:
- March 31, 2021: 7.12
- March 31, 2022: 8.07
- March 31, 2023: 7.21
- March 31, 2024: 8.19
- March 31, 2025: 7.19
The receivables turnover ratio measures how efficiently the company is collecting outstanding receivables from its customers. A higher ratio indicates that the company is collecting its accounts receivable more quickly.
From the data provided, we can see that VF Corporation's receivables turnover ratio has been fluctuating over the years. The ratio increased from 7.12 in 2021 to 8.07 in 2022, indicating improved efficiency in collecting receivables. However, it slightly decreased to 7.21 in 2023 before rising again to 8.19 in 2024. The most recent data for 2025 shows a slight decline to 7.19.
Overall, VF Corporation has demonstrated a generally healthy trend in receivables turnover, with the ratio consistently above 7. This suggests that the company has been effectively managing its accounts receivable and collecting payments from customers in a timely manner. However, it's important for VF Corporation to continue monitoring and managing its receivables turnover to ensure efficient cash flow and liquidity management.
Peer comparison
Mar 31, 2025