VF Corporation (VFC)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 279,835 -66,777 -368,443 -280,041 -49,284 134,458 706,186 241,614 217,912 583,600 748,862 1,415,691 1,659,827 1,583,949 1,329,636 1,089,824 565,895 64,916 163,369 388,026
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,680,230 1,406,370 1,387,900 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
Return on total capital -3.97% -26.20% -20.18% -2.97% 6.37% 31.95% 8.89% 7.49% 17.58% 24.27% 42.23% 47.02% 43.36% 36.95% 33.29% 18.52% 2.07% 5.55% 13.32%

March 31, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $279,835K ÷ ($—K + $—K)
= —

The return on total capital of VF Corporation has shown fluctuating trends over the past few years. The ratio, representing the company's ability to generate profits from the total capital employed, started at a negative level in June 2020 and continued to deteriorate until December 2020. However, from March 2021 onwards, there was a significant turnaround with positive returns being achieved. The ratio continued to improve steadily until reaching a peak in March 2022.

Subsequently, there was a slight dip in the return on total capital in June 2022 before another increase in September 2022. However, from that point onwards, the ratio experienced a declining trend, reaching negative figures again by September 2024. Overall, the return on total capital exhibited a mix of positive and negative performances, indicating fluctuations in the company's profitability relative to the capital invested.