VF Corporation (VFC)
Total asset 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 |
| Total assets | US$ in thousands | 11,613,000 | 13,990,500 | 13,342,200 | 13,754,000 | 11,133,300 |
| Total asset turnover | 0.90 | 0.83 | 0.89 | 0.67 | 0.94 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,454,700K ÷ $11,613,000K
= 0.90
VF Corporation's total asset turnover ratio has fluctuated over the past five years. In the most recent fiscal year ending March 31, 2024, the total asset turnover ratio improved to 0.88 from 0.82 in the previous year. This indicates that VF Corporation generated $0.88 in revenue for every $1 of total assets held during the year.
The increase in total asset turnover suggests that VF Corporation has been more efficient in utilizing its assets to generate sales revenue in 2024 compared to the prior year. However, it is important to note that the ratio is still lower than the high of 0.94 achieved in the fiscal year ending March 31, 2020.
The trend in total asset turnover ratio indicates that VF Corporation's asset utilization efficiency has varied in recent years. Further analysis of the company's operational activities and strategies is recommended to understand the factors influencing these fluctuations and to assess the sustainability of the improvements seen in the most recent fiscal year.
Peer comparison
Mar 31, 2024