VF Corporation (VFC)
Working capital turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,504,690 | 10,454,700 | 11,612,500 | 11,841,800 | 9,238,830 |
| Total current assets | US$ in thousands | 3,786,100 | 4,226,950 | 5,152,710 | 4,588,080 | 4,785,870 |
| Total current liabilities | US$ in thousands | 2,697,850 | 3,456,980 | 3,545,770 | 3,315,400 | 2,210,480 |
| Working capital turnover | 8.73 | 13.58 | 7.23 | 9.30 | 3.59 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,504,690K ÷ ($3,786,100K – $2,697,850K)
= 8.73
The working capital turnover ratio for VF Corporation has shown a fluctuating trend over the past five years. In March 2021, the ratio was 3.59, indicating that the company generated $3.59 in revenue for every dollar of working capital invested. The ratio significantly improved to 9.30 by March 2022, suggesting a more efficient utilization of working capital to generate sales.
However, in the following years, the working capital turnover ratio experienced some volatility. By March 2023, the ratio decreased to 7.23, showing a lower efficiency in converting working capital into revenue. It rebounded in March 2024 to 13.58, reaching its highest point in the analyzed period, indicating a strong performance in utilizing working capital effectively.
In the latest available data for March 2025, the working capital turnover ratio decreased to 8.73. Although lower than the peak in 2024, this ratio still indicates that VF Corporation is generating $8.73 in revenue for each dollar of working capital invested. Overall, the company's working capital turnover ratio demonstrates varying levels of efficiency in managing its working capital to drive sales over the analyzed period.
Peer comparison
Mar 31, 2025