VF Corporation (VFC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -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 | 679,449 | 1,292,029 | 1,290,535 | 1,148,655 |
| 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 |
| 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% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-968,882K ÷ $11,613,000K
= -8.34%
The return on assets (ROA) of VF Corporation has exhibited some fluctuations over the past several quarters. The ROA was negative in the most recent quarter at -8.34%, deteriorating from the previous quarter's -6.07%. This indicates that the company's net income generated from its assets has decreased significantly, possibly due to lower profitability or inefficient asset utilization.
Looking back further, VF Corporation experienced a downward trend in ROA from the peak of 10.40% in the first quarter of 2022 to the current negative levels. The company's ROA was highest in the quarter ended June 30, 2022, at 7.62%, showing strong profitability and efficient use of assets during that period.
The declining trend in ROA over the past few quarters raises concerns about VF Corporation's ability to generate earnings from its assets effectively. It may be important for stakeholders to further analyze the company's financial performance and operational efficiency to identify the underlying factors contributing to the decreasing ROA trend.
Peer comparison
Mar 31, 2024