VF (VFC) Inventory Turnover

: 0.57 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. VF's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,328 Mil. VF's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,315 Mil. VF's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VF's Days Inventory for the three months ended in Dec. 2023 was 159.06.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. VF's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.78.

VF Inventory Turnover Historical Data

The historical data trend for VF's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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VF Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

3.07

3.80

3.71

4.34

2.97

VF Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																0.60	0.57	0.39	0.56	0.57

VF Inventory Turnover Calculation

VF's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	5515.796	/ (	(1418.673	+	2292.79)	/	2 )
=	5515.796	/	1855.7315
=	2.97

VF's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1327.871	/ (	(2481.051	+	2148.219)	/	2 )
=	1327.871	/	2314.635
=	0.57

VF (NYSE:VFC) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

VF's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2314.635	/	1327.871	*	365 / 4
	=	159.06

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

VF's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2314.635	/	2960.283
	=	0.78

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

VF Inventory Turnover Related Terms

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VF (VFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » VF Corp (NYSE:VFC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

VFC:Mexico 1VFC:Italy VFP:Germany VFP:Germany VFP:Germany VFP:Germany VFCO34:Brazil

Address

1551 Wewatta Street, Denver, CO, USA, 80202

Website

https://www.vfc.com

VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of about a dozen brands includes Vans, The North Face, Timberland, Supreme, and Dickies. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. The company has grown through multiple acquisitions and traces its roots to 1899.

Executives

Matthew J Shattock	director	510 LAKE COOK ROAD, DEERFIELD IL 60015
Brent Hyder	officer: EVP, Chief People Officer	415 MISSION STREET, 3RD FLOOR, SAN FRANCISCO CA 94105
Trevor A Edwards	director	2080 NW 133RD PLACE, PORTLAND OR 97229
Richard Carucci	director	1441 GARDINER LANE, LOUISVILLE KY 47113
Bracken Darrell	officer: President & Chief Exec Officer	2000 M-63N, BENTON HARBOR MI 49022
Juliana L Chugg	director	1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Benno O Dorer	director	1221 BROADWAY, OAKLAND CA 94612
Clarence Jr Otis	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Mark Samuel Hoplamazian	director	71 SOUTH WACKER DRIVE, SUITE 4700, CHICAGO IL 60606
Anita Z Graham	officer: EVP, CHRO & Public Affairs	C/O THE ADT CORPORATION, 1501 YAMATO ROAD, BOCA RATON FL 33431
Nicole Beth Otto	officer: EVP & Global Brand Pres. TNF	C/O CONTAINER STORE GROUP, INC., 500 FREEPORT PARKWAY, COPPELL TX 75019
W Rodney Mcmullen	director	1014 VINE ST, CINCINNATI OH 45202
Alex Cho	director	HP, 1501 PAGE MILL ROAD, PALO ALTO CA 94304
Matthew H Puckett	officer: EVP & Chief Financial Officer	1551 WEWATTA STREET, DENVER CO 80202
Jennifer S. Sim	officer: EVP, GC & Secretary	1551 WEWATTA STREET, DENVER CO 80202