VF Corporation (VFC)

Total asset turnover

		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	Mar 31, 2020
Revenue (ttm)	US$ in thousands	9,794,050	9,852,870	10,068,710	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
Total assets	US$ in thousands	10,554,200	12,219,600	11,541,400	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
Total asset turnover		0.93	0.81	0.87	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,794,050K ÷ $10,554,200K
= 0.93

The total asset turnover of VF Corporation has shown fluctuations over the past few years, ranging from a low of 0.64 on December 31, 2020, to a high of 0.93 on December 31, 2024. This ratio measures the efficiency with which the company generates sales revenue relative to its total assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate revenue.

Overall, VF Corporation's total asset turnover has shown a generally increasing trend from 2020 to 2024, implying improved asset utilization and efficiency in generating sales. This suggests that the company has been able to increase its sales relative to its asset base, which can be a positive sign of operational efficiency and effective management of resources. However, it is important to continue monitoring this ratio to ensure sustained efficiency in asset utilization.