VF Corporation (VFC)

Total asset 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
Total assets	US$ in thousands	11,613,000	12,616,500	13,142,400	14,043,900	13,990,500	14,313,300	13,784,100	13,211,800	13,342,200	13,536,300	13,889,100	13,550,400	13,754,000	13,744,300	12,941,300	12,479,000	11,133,300	10,814,300	11,270,400	10,402,000
Total asset turnover		0.88	0.84	0.85	0.80	0.82	0.81	0.85	0.89	0.88	0.84	0.77	0.75	0.66	0.64	0.69	0.76	0.94	0.99	0.94	1.00

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,184,130K ÷ $11,613,000K
= 0.88

The total asset turnover ratio for VF Corporation has ranged between 0.64 to 1.00 over the past few years, implying that the company has generated sales relative to its total assets efficiently. In general, a higher total asset turnover ratio indicates better asset utilization and efficiency in generating revenue with the given level of assets.

VF Corporation's total asset turnover ratio has shown some fluctuation over the periods analyzed. The ratios have generally been above 0.80, suggesting that the company has been effectively utilizing its assets to generate sales.

It is worth noting that the total asset turnover ratio can vary by industry, so it is essential to compare VF Corporation's ratios with those of its peers to get a more accurate assessment of its asset efficiency. Overall, an increasing trend in the total asset turnover ratio would indicate improving efficiency in asset utilization and revenue generation for the company.