VF Corporation (VFC)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	-968,882	118,584	1,386,940	407,869	679,449
Total assets	US$ in thousands	11,613,000	13,990,500	13,342,200	13,754,000	11,133,300
ROA		-8.34%	0.85%	10.40%	2.97%	6.10%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $-968,882K ÷ $11,613,000K
= -8.34%

The return on assets (ROA) for VF Corporation has shown significant fluctuations over the past five years. In particular:

- In 2024, the ROA stands at -8.34%, indicating a negative return on assets. This suggests that the company's assets are not generating a sufficient return to cover its operating expenses.
- In 2023, the ROA improved to 0.85%, but still remained relatively low compared to the previous years.
- The highest ROA was recorded in 2022 at 10.40%, signaling that the company was able to generate a strong return relative to its total assets.
- In 2021 and 2020, the ROA was 2.97% and 6.10% respectively, showing a decent performance in utilizing its assets to generate profit.

Overall, the fluctuating trend in ROA indicates that VF Corporation's ability to generate profits from its assets has varied significantly in recent years. Further analysis would be needed to determine the underlying reasons behind these changes and assess the company's efficiency in asset utilization and profitability.