Deere & Company (DE)
Days of inventory on hand (DOH)
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 0.78 | 0.71 | 0.63 | 0.60 | 0.63 | 0.55 | 0.51 | 0.46 | 0.53 | 0.41 | 0.40 | 0.44 | 0.52 | 1.58 | 2.67 | 3.80 | 5.59 | 5.01 | 4.76 | 4.76 | |
| DOH | days | 469.78 | 512.13 | 579.48 | 605.53 | 582.97 | 662.41 | 708.91 | 799.31 | 682.67 | 881.43 | 904.49 | 822.81 | 695.83 | 231.65 | 136.70 | 96.13 | 65.29 | 72.79 | 76.70 | 76.65 |
October 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.78
= 469.78
The days of inventory on hand (DOH) for Deere & Company have varied over the past couple of years, as evidenced by the fluctuating figures in the table.
In the most recent period, as of October 27, 2024, the DOH stands at 469.78 days, which indicates that the company holds inventory for approximately 470 days before being sold. This figure has decreased from the prior period's 512.13 days, suggesting a potential improvement in inventory management efficiency.
Looking back further into historical data, the DOH has shown periods of significant fluctuations, with peaks reaching up to 904.49 days in July 31, 2022. Such high levels may indicate excess inventory holding and potential inefficiencies in inventory management practices.
On the other hand, the lowest DOH value on record is 65.29 days, noted on January 31, 2021. A lower DOH implies that inventory turnover is occurring more rapidly, which may be reflective of effective inventory management strategies and better demand forecasting.
Overall, the trend in Deere & Company's days of inventory on hand suggests fluctuations in inventory management efficiency over time. It is essential for the company to closely monitor and evaluate its inventory levels to strike a balance between ensuring product availability and minimizing excess inventory holding costs.
Peer comparison
Oct 27, 2024