Deere & Company (DE)
Number of days of payables
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
October 29, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Deere & Co. has varied over the past five years, as depicted in the table. The company's payables turnover period was 33.35 days as of October 29, 2023, compared to 39.98 days on October 30, 2022, and 36.94 days on October 31, 2021. This indicates that Deere & Co. took approximately 33.35 days, 39.98 days, and 36.94 days, respectively, to pay off its trade payables during those periods. The trend suggests a decrease in the number of days of payables in 2023 compared to the previous two years, potentially signaling an improvement in the company's efficiency in managing its payable obligations. However, it's important to note that as of November 1, 2020, the number of days of payables was notably lower at 29.46 days, indicating a more efficient management of payables in that particular period. It should be noted that data for November 3, 2019 is not available for comparison. Further analysis alongside other financial metrics and industry benchmarks would provide a more comprehensive understanding of the company's payables management.
Peer comparison
Oct 29, 2023