VF Corporation (VFC)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	11,613,000	12,616,500	13,142,400	14,043,900	13,990,500	14,313,300	13,784,100	13,211,800	13,342,200	13,536,300	13,889,100	13,550,400	13,754,000	13,744,300	12,941,300	12,479,000	11,133,300	10,814,300	11,270,400	10,402,000
Operating ROA		-0.29%	1.27%	5.40%	1.82%	2.34%	4.76%	6.12%	11.30%	12.23%	11.54%	9.33%	7.80%	4.42%	1.66%	2.75%	4.69%	8.33%	12.12%	11.07%	11.63%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-34,062K ÷ $11,613,000K
= -0.29%

The operating return on assets (operating ROA) for VF Corporation has shown fluctuations over the reported period. The operating ROA was negative at -0.29% as of March 31, 2024, indicating a decline in the company's operating profitability relative to its assets. However, in recent quarters, the operating ROA has generally been positive, with the highest reported at 12.23% as of March 31, 2022.

The trend in operating ROA indicates that VF Corporation has been effectively utilizing its assets to generate operating income in the past quarters. The peak of 12.23% in March 2022 suggests a strong operational efficiency and profitability during that period. However, the declining trend from that point onwards raises some concerns over the company's ability to maintain or improve its operational performance in the recent quarters.

Overall, monitoring VF Corporation's operating ROA over time could provide insights into the company's operational efficiency and profitability, helping stakeholders assess its performance and potential future prospects.