Deere & Company (DE)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.77 | 2.46 | 2.83 | 2.55 | 2.47 | 2.23 | 2.29 | 2.21 | 2.48 | 2.71 | 2.85 | 3.15 | 2.21 | 3.08 | 2.09 | 2.24 | 2.65 | 2.49 | 2.86 | 1.93 | |
| DOH | days | 131.77 | 148.19 | 128.99 | 143.10 | 147.98 | 163.90 | 159.68 | 165.47 | 147.35 | 134.46 | 128.23 | 115.92 | 165.05 | 118.36 | 174.89 | 162.67 | 137.49 | 146.54 | 127.60 | 189.53 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.77
= 131.77
Deere & Company's days of inventory on hand (DOH) fluctuated over the reported period, ranging from a high of 189.53 days on May 1, 2022, to a low of 115.92 days on July 31, 2023. The average DOH for the period was approximately 145.76 days.
The trend in DOH indicates some variability in inventory management efficiency, with notable decreases in DOH observed at the end of July 2023 and April 30, 2023, suggesting improvements in inventory turnover during those periods. However, spikes in DOH were also evident in January 31, 2023, and January 31, 2024, which may indicate challenges in maintaining optimal inventory levels relative to sales demand.
Overall, the downward trend in DOH towards the latter part of the reported period, with a significant drop from July 31, 2023, to October 29, 2023, followed by relatively stable levels until January 31, 2025, could be indicative of better inventory management practices or adjustments in production and distribution processes by Deere & Company. However, further analysis integrating other financial metrics and industry benchmarks would be necessary to provide a more comprehensive assessment of the company's inventory management efficiency.
Peer comparison
Jan 31, 2025