VF Corporation (VFC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,658,360 | 2,109,190 | 2,210,040 | 2,716,760 | 2,910,710 | 3,319,630 | 3,085,640 | 3,352,490 | 3,530,360 | 3,653,400 | 3,598,480 | 3,274,030 | 3,056,160 | 3,138,170 | 2,945,240 | 2,912,600 | 3,357,330 | 4,567,590 | 4,647,620 | 4,151,610 |
| 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% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-968,882K ÷ $1,658,360K
= -58.42%
The Return on Equity (ROE) for VF Corporation has shown a fluctuating trend over the past several quarters. The ROE was negative in the most recent quarter at -58.42%, indicating a loss relative to shareholders' equity. This significant decrease in ROE may raise concerns about the company's profitability and ability to generate returns for its shareholders.
Looking back over the quarters, the ROE has been volatile, ranging from negative to positive figures. The ROE was notably positive in the previous year, with peaks at 39.29%, 38.20%, and 34.04% in the first three quarters of 2022. However, the ROE has been on a declining trend since then, with a notable decrease in the most recent quarters.
The decreasing trend in ROE could be a result of factors such as declining profitability, higher debts, or inefficient management of assets. It is essential for VF Corporation to address the factors contributing to the declining ROE and work towards improving profitability and efficiency to enhance shareholder value in the future.
Peer comparison
Mar 31, 2024