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.