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 | 1,797,710 | 1,632,200 | 607,631 | 1,634,020 |
Revenue | US$ in thousands | 10,454,700 | 11,612,500 | 11,841,800 | 9,238,830 | 10,488,600 |
Operating profit margin | -0.33% | 15.48% | 13.78% | 6.58% | 15.58% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-34,062K ÷ $10,454,700K
= -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.
Peer comparison
Mar 31, 2024