VF Corporation (VFC)
Working capital turnover
Mar 31, 2025 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 7,499,160 | 9,877,750 | 10,004,120 | 10,280,410 | 10,459,450 | 10,820,470 | 11,390,860 | 11,437,220 | 11,612,480 | 11,697,530 | 11,791,240 | 11,908,880 | 11,841,840 | 11,599,850 | 10,947,010 | 10,357,090 | 9,238,820 | 8,758,570 | 9,171,780 | 9,956,730 |
Total current assets | US$ in thousands | — | 5,021,480 | 6,458,860 | 4,349,130 | 4,226,950 | 4,935,930 | 5,243,560 | 5,213,560 | 5,152,710 | 5,243,980 | 5,688,240 | 4,611,710 | 4,588,080 | 4,600,650 | 4,969,870 | 4,564,140 | 4,785,870 | 7,285,220 | 6,680,210 | 6,261,140 |
Total current liabilities | US$ in thousands | — | 3,226,910 | 4,982,430 | 4,408,970 | 3,456,980 | 3,997,280 | 3,544,830 | 3,816,440 | 3,545,770 | 4,546,230 | 5,345,990 | 3,464,000 | 3,315,400 | 3,223,880 | 3,384,360 | 3,071,450 | 2,210,480 | 2,498,020 | 2,084,530 | 1,715,460 |
Working capital turnover | — | 5.50 | 6.78 | — | 13.58 | 11.53 | 6.71 | 8.19 | 7.23 | 16.76 | 34.45 | 10.38 | 9.30 | 8.43 | 6.90 | 6.94 | 3.59 | 1.83 | 2.00 | 2.19 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,499,160K ÷ ($—K – $—K)
= —
VF Corporation's working capital turnover has exhibited fluctuations over the analyzed periods. The ratio started at 2.19 on June 30, 2020, decreased to 1.83 by December 31, 2020, and then showed a significant improvement reaching 10.38 on June 30, 2022.
The trend continued with further increases, peaking at 34.45 on September 30, 2022, before experiencing a notable decline to 5.51 by December 31, 2024. The ratio was not available for some periods, indicating potential data issues or changes in reporting practices.
Overall, the working capital turnover ratio reflects the efficiency with which VF Corporation is utilizing its working capital to generate sales. A higher ratio suggests that the company is effectively managing its working capital to support revenue generation. However, the significant fluctuations observed in the ratio indicate varying efficiencies in working capital management over the analyzed periods. Further analysis and context would be needed to better understand the underlying reasons for these fluctuations.
Peer comparison
Mar 31, 2025