VF Corporation (VFC)

Receivables turnover

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	10,184,130	10,558,980	11,142,770	11,214,850	11,421,180	11,537,730	11,647,950	11,764,430	11,695,020	11,354,050	10,739,450	10,184,120	9,100,770	8,757,870	8,941,450	9,514,190	10,488,550	10,743,540	10,571,120	10,393,120
Receivables	US$ in thousands	1,273,960	1,314,140	1,889,800	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	1,308,050	1,641,760	1,976,150	1,306,270
Receivables turnover		7.99	8.03	5.90	9.24	7.09	7.37	6.35	9.41	7.97	7.59	6.01	8.94	7.01	6.20	5.57	10.18	8.02	6.54	5.35	7.96

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,184,130K ÷ $1,273,960K
= 7.99

The receivables turnover ratio for VF Corporation, a measure of how efficiently the company collects its accounts receivable, has shown some fluctuations over the past few quarters. The ratio indicates how many times during a specific period the company converts its accounts receivable into cash.

In the most recent quarter, ending March 31, 2024, the receivables turnover was 7.99, slightly lower than the previous quarter but still within a reasonable range. This suggests that VF Corporation collected its accounts receivable approximately 7.99 times during the quarter.

Looking back over the past few quarters, the receivables turnover ratio has ranged from a low of 5.35 to a high of 10.18. The ratio has generally been in the range of 6 to 9 times, indicating that VF Corporation has been relatively effective in collecting its receivables in a timely manner.

Overall, while there have been fluctuations in the receivables turnover ratio, VF Corporation's performance in collecting accounts receivable appears to be reasonable and consistent with industry standards. It is important for the company to continue monitoring this ratio to ensure efficient management of its accounts receivable.