VF Corporation (VFC)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Gross profit	US$ in thousands	5,437,220	6,096,680	6,455,450	4,868,050	5,798,040
Revenue	US$ in thousands	10,454,700	11,612,500	11,841,800	9,238,830	10,488,600
Gross profit margin		52.01%	52.50%	54.51%	52.69%	55.28%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $5,437,220K ÷ $10,454,700K
= 52.01%

The gross profit margin of VF Corporation has fluctuated over the past five years. In the latest fiscal year ending on March 31, 2024, the company reported a negative gross profit margin of -2.22%. This indicates that their cost of goods sold exceeded their revenue from sales, resulting in a loss at the gross profit level.

In the preceding years, VF Corporation demonstrated a mix of positive gross profit margins, with the highest margin of 10.30% achieved in the fiscal year ending on March 31, 2022. However, in the fiscal years ending on March 31, 2021 and March 31, 2020, the company experienced lower gross profit margins of 1.39% and 8.85% respectively.

The variability in VF Corporation's gross profit margin may be indicative of changes in their pricing strategy, cost structure, or product mix over the years. This metric is crucial for assessing the efficiency of VF Corporation's production and pricing strategies in generating profits from their core business activities.