VF Corporation (VFC)

Receivables 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
Revenue (ttm)	US$ in thousands	9,642,930	9,877,750	10,004,120	10,280,410	10,459,450	10,820,470	11,390,860	11,437,220	11,612,480	11,697,530	11,791,240	11,908,880	11,841,840	11,599,850	10,947,010	10,357,090	9,238,820	8,758,570	9,171,780	9,956,730
Receivables	US$ in thousands	1,321,660	1,343,290	1,820,200	1,058,760	1,276,360	1,314,140	1,893,070	1,214,220	1,610,300	1,564,960	1,834,600	1,249,710	1,467,840	1,495,860	1,787,330	1,138,810	1,298,020	1,411,560	1,606,480	934,984
Receivables turnover		7.30	7.35	5.50	9.71	8.19	8.23	6.02	9.42	7.21	7.47	6.43	9.53	8.07	7.75	6.12	9.09	7.12	6.20	5.71	10.65

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,642,930K ÷ $1,321,660K
= 7.30

The receivables turnover ratio is a measure of how efficiently a company is able to collect on its accounts receivable. It indicates how many times a company collects its average accounts receivable balance during a specific period.

Analyzing the receivables turnover of VF Corporation over the past few years shows fluctuation in the ratio. In June 2020, the turnover ratio was 10.65, indicating that VF Corporation collected its accounts receivable approximately 10.65 times during that year. This high ratio suggests efficient collection practices.

However, the ratio decreased to 5.71 in September 2020, possibly indicating slower collections or changes in the company's credit policies. The ratio started to improve gradually, reaching 9.71 in June 2024, showing a better performance in collecting receivables.

It is worth noting that the receivables turnover ratio in March 2025 is not available. It is important for VF Corporation to closely monitor and manage its receivables turnover to ensure efficient cash flow and timely collection of outstanding payments from customers.