VF Corporation (VFC)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,658,360	2,910,710	3,530,360	3,056,160	3,357,330
ROE		-58.42%	4.07%	39.29%	13.35%	20.24%

March 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-968,882K ÷ $1,658,360K
= -58.42%

The return on equity (ROE) for VF Corporation has fluctuated significantly over the past five years, ranging from -58.42% to 39.29%.

In 2024, the ROE of -58.42% indicates that the company incurred a net loss relative to its shareholders' equity, suggesting operational inefficiencies or potential financial difficulties. This represents a concerning decrease from the previous year's ROE of 4.07%.

The significant drop in ROE in 2024 could be attributed to various factors, such as declining profitability, increased debt levels, or asset impairments, which may have negatively impacted the company's bottom line.

On the other hand, the ROE of 39.29% in 2022 was the highest over the five-year period, indicating that VF Corporation generated a strong return for its shareholders relative to the equity invested. This could be due to improved operational performance, effective cost management, or successful strategic initiatives implemented by the company during that year.

Overall, the fluctuating trend in VF Corporation's ROE suggests a varying level of profitability and efficiency in utilizing its shareholders' equity over the past five years. Further analysis of the company's financial performance and operational strategies would be necessary to understand the underlying factors driving these changes in ROE.