VF Corporation (VFC)

Net profit margin

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Net income (ttm)	US$ in thousands	-968,882	-765,466	-215,146	117,119	118,584	414,318	424,251	1,006,736	1,386,941	1,395,619	1,225,058	1,017,727	407,869	-165,427	-47,664	344,615	679,449	1,292,029	1,290,535	1,148,655
Revenue (ttm)	US$ in thousands	10,184,130	10,558,980	11,142,770	11,214,850	11,421,180	11,537,730	11,647,950	11,764,430	11,695,020	11,354,050	10,739,450	10,184,120	9,100,770	8,757,870	8,941,450	9,514,190	10,488,550	10,743,540	10,571,120	10,393,120
Net profit margin		-9.51%	-7.25%	-1.93%	1.04%	1.04%	3.59%	3.64%	8.56%	11.86%	12.29%	11.41%	9.99%	4.48%	-1.89%	-0.53%	3.62%	6.48%	12.03%	12.21%	11.05%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-968,882K ÷ $10,184,130K
= -9.51%

The net profit margin of VF Corporation has shown fluctuations over the past few quarters. It was negative in the most recent quarter, indicating that the company's net income was less than its total revenue. This negative trend has been consistent in recent quarters, suggesting challenges in controlling costs or generating sufficient revenues.

Looking back, the net profit margin was relatively stable and positive in the quarters before the most recent ones, indicating healthier profitability levels. The highest net profit margin was recorded in Mar 31, 2022, at 11.86%, which indicates strong profitability relative to revenue during that period.

The decreasing trend in net profit margin from 11.86% in Mar 31, 2022, to -9.51% in Mar 31, 2024, raises concerns about the company's overall financial performance and efficiency in managing costs and expenses. Further analysis of the company's financial statements and operations may be necessary to understand the factors contributing to these fluctuations and to identify opportunities for improvement.