VF Corporation (VFC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | -0.72% | 6.50% | 9.24% | 5.02% | 5.39% | 2.37% | 3.94% | 9.76% | 11.43% | 10.21% | 8.45% | 6.67% | 2.80% | 24.25% | 25.61% | 26.99% | 27.32% | 39.20% | 40.19% | 41.64% |
| 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% |
| Pretax margin | -2.29% | -0.38% | 4.32% | 0.39% | 0.38% | 3.73% | 5.29% | 10.90% | 14.48% | 14.44% | 13.08% | 11.58% | 5.60% | 0.03% | 1.56% | 4.07% | 7.41% | 12.12% | 12.36% | 12.79% |
| 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% |
The profitability ratios of VF Corporation show fluctuating trends over the periods analyzed. The gross profit margin has shown significant volatility, dropping to negative values in some quarters but generally staying within a range of 2.37% to 41.64%. The operating profit margin and pretax margin also exhibit variation, with occasional dips into negative territory, but with a general upward trend over time.
However, the net profit margin shows a more consistent pattern, with a notable decline in recent quarters after reaching a peak in the range of 12% to 13% in 2021. The net profit margin has fluctuated between negative values and positive values, with a significant drop in the most recent quarter to -9.51%.
Overall, the profitability ratios of VF Corporation indicate a mixed performance, with some margins showing improvements while others experiencing declines in profitability over the periods analyzed. Factors such as cost management, sales performance, and operating efficiency may be influencing these trends. Further analysis of the company's financials and operational strategies would be necessary to understand the drivers behind these fluctuations.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -8.34% | -6.07% | -1.64% | 0.83% | 0.85% | 2.89% | 3.08% | 7.62% | 10.40% | 10.31% | 8.82% | 7.51% | 2.97% | -1.20% | -0.37% | 2.76% | 6.10% | 11.95% | 11.45% | 11.04% |
| Return on total capital | 0.18% | 9.30% | 31.86% | 8.86% | 2.53% | 17.59% | 24.28% | 42.24% | 22.60% | 48.78% | 43.00% | 39.70% | 7.64% | 8.19% | 12.10% | 20.09% | 15.61% | 28.70% | 26.84% | 29.14% |
| Return on equity (ROE) | -58.42% | -36.29% | -9.73% | 4.31% | 4.07% | 12.48% | 13.75% | 30.03% | 39.29% | 38.20% | 34.04% | 31.08% | 13.35% | -5.27% | -1.62% | 11.83% | 20.24% | 28.29% | 27.77% | 27.67% |
VF Corporation's profitability ratios show fluctuating performance over the given time period. The Operating Return on Assets (Operating ROA) decreased from 12.23% in March 2022 to -0.29% in March 2024. This indicates a decline in the company's ability to generate profits from its assets through operations.
Return on Assets (ROA) also experienced a decline, moving from 11.95% in December 2019 to -8.34% in March 2024. This suggests that VF Corporation's overall profitability relative to its total assets has worsened over time.
Return on Total Capital varied notably, with a peak of 48.78% in December 2021 and a low of 0.18% in March 2020. This metric indicates the efficiency of the company in generating returns from both debt and equity capital invested.
Return on Equity (ROE) exhibited a similar fluctuating pattern, with the ratio falling from 28.29% in June 2019 to -58.42% in March 2024. This indicates the varying profitability for shareholders over the years, with some periods showing negative returns.
Overall, VF Corporation's profitability ratios reflect a mixed performance, with periods of strong profitability followed by declines. The company may need to focus on improving operational efficiency and managing its capital structure to enhance overall profitability and shareholder returns.