Deere & Company (DE)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 51,716,000 | 55,984,000 | 58,633,000 | 60,785,000 | 61,252,000 | 61,376,000 | 59,677,000 | 55,660,000 | 52,577,000 | 48,368,000 | 45,793,000 | 44,481,000 | 44,024,000 | 42,428,000 | 39,826,000 | 37,021,000 | 35,540,000 | 35,705,000 | 36,816,000 | 38,905,000 |
| Property, plant and equipment | US$ in thousands | 7,451,000 | 7,118,000 | 6,965,000 | 6,751,000 | 6,917,000 | 6,709,000 | 6,524,000 | 6,502,000 | 6,623,000 | 6,554,000 | 6,465,000 | 6,624,000 | 8,314,000 | 6,982,000 | 7,108,000 | -1,346,000 | -1,544,000 | 5,698,000 | 5,685,000 | 5,900,000 |
| Fixed asset turnover | 6.94 | 7.87 | 8.42 | 9.00 | 8.86 | 9.15 | 9.15 | 8.56 | 7.94 | 7.38 | 7.08 | 6.72 | 5.30 | 6.08 | 5.60 | — | — | 6.27 | 6.48 | 6.59 |
October 27, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $51,716,000K ÷ $7,451,000K
= 6.94
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Looking at the trend of Deere & Company's fixed asset turnover ratio from February 2020 to October 2024, we can see that the ratio has generally been increasing over time, with some fluctuations in between. The ratio has ranged from 5.30 to 9.15 during this period.
The most recent fixed asset turnover ratio of 6.94 as of October 27, 2024, shows that Deere & Company generated $6.94 in sales for every dollar invested in fixed assets. This indicates that the company has been efficient in utilizing its fixed assets to generate revenue.
Overall, the increasing trend in the fixed asset turnover ratio suggests that Deere & Company has been improving its efficiency in generating sales from its fixed assets over the past few years. However, it is essential to continue monitoring this ratio to ensure that the company maintains its efficient utilization of fixed assets in the future.
Peer comparison
Oct 27, 2024