VF Corporation (VFC)
Net profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -968,882 | 118,584 | 1,386,940 | 407,869 | 679,449 |
| Revenue | US$ in thousands | 10,454,700 | 11,612,500 | 11,841,800 | 9,238,830 | 10,488,600 |
| Net profit margin | -9.27% | 1.02% | 11.71% | 4.41% | 6.48% |
March 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-968,882K ÷ $10,454,700K
= -9.27%
The net profit margin of VF Corporation has shown a fluctuating trend over the past five years, as indicated by the data provided. In the most recent fiscal year ending on March 31, 2024, the net profit margin was at -9.51%, reflecting a negative profitability ratio. This is in stark contrast to the previous year's net profit margin of 1.04%, suggesting a significant decline in profitability.
In contrast, the fiscal year ending March 31, 2022, exhibited a strong net profit margin of 11.86%, demonstrating a robust profitability level for VF Corporation. However, this high profitability was preceded by a slightly lower net profit margin of 4.48% in the fiscal year ending March 31, 2021.
Further back, in the fiscal year ending March 31, 2020, the net profit margin stood at 6.48%, indicating a moderate level of profitability for the company. Overall, the fluctuation in net profit margin over the five-year period suggests varying levels of efficiency in generating profits relative to revenue, highlighting the importance of monitoring and analyzing profitability trends for VF Corporation.
Peer comparison
Mar 31, 2024