VF Corporation (VFC)

Operating 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
Operating income (ttm)	US$ in thousands	-34,062	160,820	709,085	255,339	327,693	680,968	843,377	1,492,682	1,632,204	1,562,305	1,295,862	1,057,324	607,631	228,377	356,417	585,031	927,805	1,310,926	1,247,430	1,209,604
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
Operating profit margin		-0.33%	1.52%	6.36%	2.28%	2.87%	5.90%	7.24%	12.69%	13.96%	13.76%	12.07%	10.38%	6.68%	2.61%	3.99%	6.15%	8.85%	12.20%	11.80%	11.64%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-34,062K ÷ $10,184,130K
= -0.33%

The operating profit margin of VF Corporation has shown some fluctuations over the past few quarters. In the most recent quarter, ending March 31, 2024, the operating profit margin was negative at -0.33%, indicating that the company's operating expenses exceeded its operating income. This represents a significant decline from the previous quarter's operating profit margin of 1.52% as of December 31, 2023.

Looking back over the past year, the operating profit margin has varied, with the highest margin of 13.96% recorded in the quarter ending March 31, 2022. However, since then, the operating profit margin has been on a downward trend, with fluctuations noted in each subsequent quarter.

Overall, fluctuations in VF Corporation's operating profit margin may be attributed to factors such as changes in revenue, cost structures, and operating efficiencies. It is important for investors and stakeholders to closely monitor these trends to assess the company's financial performance and management effectiveness.