VF Corporation (VFC)

Return on assets (ROA)

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Net income (ttm) US$ in thousands -189,716 -457,236 -667,468 -1,170,343 -968,882 -765,466 -215,146 117,119 118,584 414,318 424,251 1,006,736 1,386,941 1,395,619 1,225,058 1,017,727 407,869 -165,427 -47,664 344,615
Total assets US$ in thousands 9,377,540 10,554,200 12,219,600 11,541,400 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
ROA -2.02% -4.33% -5.46% -10.14% -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%

March 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $-189,716K ÷ $9,377,540K
= -2.02%

VF Corporation's return on assets (ROA) has experienced fluctuations over the past few years. From June 2020 to June 2022, the ROA showed a generally positive trend, increasing from 3.51% to 7.62%, indicating that the company was effectively utilizing its assets to generate profits.

However, starting from September 2022, the ROA began to decline, reaching negative values in December 2023. This downward trend continued until March 2025, with the ROA hitting its lowest point of -10.14% in June 2024, suggesting that the company's profitability relative to its assets was weakening.

The negative ROA values signal that VF Corporation may not be efficiently utilizing its assets to generate profits during this period. This could be due to various factors such as declining sales, increasing expenses, or inefficient asset management.

Overall, the fluctuating ROA trend indicates the need for VF Corporation to assess its asset utilization efficiency and implement strategies to improve profitability in relation to its asset base.