Deere & Company (DE)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 21,450,000 | 17,732,000 | 20,071,000 | 19,630,000 | 18,982,000 | 18,802,000 | 19,299,000 | 19,714,000 | 22,138,000 | 22,151,000 | 23,227,000 | 29,440,000 | 20,677,000 | 29,953,000 | 20,987,000 | 22,564,000 | 22,669,000 | 21,159,000 | 26,090,000 | 17,390,000 |
| Inventory | US$ in thousands | 7,744,000 | 7,199,000 | 7,093,000 | 7,696,000 | 7,696,000 | 8,443,000 | 8,443,000 | 8,937,000 | 8,937,000 | 8,160,000 | 8,160,000 | 9,350,000 | 9,350,000 | 9,713,000 | 10,056,000 | 10,056,000 | 8,539,000 | 8,495,000 | 9,121,000 | 9,030,000 |
| 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 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $21,450,000K ÷ $7,744,000K
= 2.77
The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times the inventory is sold and replaced during a specific period. A higher inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently.
Analyzing the inventory turnover of Deere & Company from May 1, 2022, to January 31, 2025, we observe fluctuations in the ratio. The inventory turnover ratio ranged from 1.93 to 3.15 during this period, with the highest turnover occurring in July 31, 2023, and April 30, 2023, at 3.15 and 3.08, respectively. These high turnover ratios indicate that Deere & Company was efficiently managing its inventory during these periods.
Conversely, the lowest inventory turnover ratios were observed on May 1, 2022, at 1.93 and January 31, 2024, at 2.09, suggesting that the company faced challenges in managing its inventory effectively during these times.
Overall, the inventory turnover ratios of Deere & Company demonstrated fluctuations over the reviewed period, with some periods of efficient inventory management and others where improvement may be needed. Further analysis of the company's inventory management practices and strategies during different periods could provide insights into the factors influencing the inventory turnover ratios.
Peer comparison
Jan 31, 2025
Jan 31, 2025