VF Corporation (VFC)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	-34,062	327,693	1,632,200	607,631	927,805
Revenue	US$ in thousands	10,184,200	11,421,200	11,695,000	9,105,780	10,488,600
Operating profit margin		-0.33%	2.87%	13.96%	6.67%	8.85%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $-34,062K ÷ $10,184,200K
= -0.33%

The operating profit margin of VF Corporation has shown fluctuations over the past five years. In Mar 31, 2020, the operating profit margin was at 8.85%, indicating that the company generated $0.0885 of operating profit for every dollar of sales. However, there was a decline in the operating profit margin in the subsequent years, dropping to 6.67% in Mar 31, 2021 and further decreasing to 13.96% in Mar 31, 2022. The company experienced a significant decline in its operating profit margin in Mar 31, 2023, falling to 2.87%. The trend continued in the most recent period, with the operating profit margin being negative at -0.33%. This suggests that VF Corporation's profitability from its core operations has deteriorated, reflecting potential challenges in managing costs, pricing, or revenue generation strategies.