Deere & Company (DE)
Fixed asset turnover
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 50,518,000 | 51,716,000 | 60,248,000 | 61,251,000 | 51,282,000 |
| Property, plant and equipment | US$ in thousands | — | 7,451,000 | 7,162,000 | 6,917,000 | 6,021,000 |
| Fixed asset turnover | — | 6.94 | 8.41 | 8.86 | 8.52 |
October 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $50,518,000K ÷ $—K
= —
Over the period from October 31, 2022, to October 31, 2024, Deere & Company's fixed asset turnover ratio showed some fluctuations. Initially, the fixed asset turnover ratio increased from 8.52 in October 2022 to 8.86 in October 2023, indicating that the company generated $8.86 in revenue for every dollar invested in fixed assets. However, in the following year, the ratio decreased to 8.41 as of October 31, 2023.
The most significant change in the fixed asset turnover ratio occurred between October 31, 2023, and October 27, 2024, where the ratio dropped notably to 6.94. This decline suggests that the company's efficiency in generating revenue from its fixed assets weakened during this period.
Notably, there is a missing data point for October 31, 2024. The absence of this value makes it challenging to determine the trend in fixed asset turnover for the most recent period. Further analysis and examination of the financial statements are necessary to understand the factors contributing to the fluctuations in the fixed asset turnover ratio over the specified period.
Peer comparison
Oct 31, 2024