Deere & Company (DE)
Days of inventory on hand (DOH)
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.31 | 0.81 | 4.65 | 0.63 | 4.19 | |
| DOH | days | 84.70 | 449.94 | 78.50 | 575.54 | 87.22 |
October 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.31
= 84.70
The Days of Inventory on Hand (DOH) for Deere & Company has fluctuated over the period under review.
As of October 31, 2022, the company had an inventory on hand for approximately 87.22 days, indicating that it took around 87 days on average to sell its inventory. This figure increased significantly by October 29, 2023, reaching 575.54 days, which suggests a significant slowdown in inventory turnover.
By October 31, 2023, the DOH decreased to 78.50 days, indicating a more efficient management of inventory. However, the DOH surged again by October 27, 2024, reaching 449.94 days, which could potentially signal inventory management challenges or changes in the business environment.
Finally, by October 31, 2024, the DOH decreased once more to 84.70 days, showing some improvement in inventory turnover efficiency compared to the previous period. Overall, the fluctuation in the DOH figures indicates varying levels of inventory management efficiency and could be a point of interest for investors and stakeholders.
Peer comparison
Oct 31, 2024