Deere & Company (DE)
Payables turnover
| 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 | Nov 3, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,387,000 | 5,109,000 | 5,152,000 | 5,001,000 | 4,592,000 | 4,542,000 | 3,777,000 | 3,644,000 | 3,520,000 | 3,557,000 | 10,100,000 | 16,133,000 | 22,614,000 | 27,945,000 | 28,331,000 | 29,367,000 | 30,868,000 | 31,164,000 | 30,690,000 | 30,928,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
January 28, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,387,000K ÷ $—K
= —
Based on the data provided, Deere & Co.'s payables turnover has been relatively consistent, ranging from 9.13 to 11.70 over the past eight quarters. Payables turnover measures how efficiently a company manages its payables in relation to its purchasing activities.
The gradual increase in payables turnover from 9.13 in Q4 2022 to 11.70 in Q3 2023 indicates that the company has been improving its ability to pay off its suppliers more frequently within a given period, which can be interpreted as a positive sign of effective management of payables.
Moreover, the consistent levels of payables turnover in recent quarters suggest that Deere & Co. has maintained a stable relationship with its suppliers, managing its payables effectively without any significant fluctuations.
However, it is important to note that the absence of data for Q1 2023, Q2 2022, and Q3 2022 limits the ability to perform a thorough trend analysis. Monitoring payables turnover consistently can help assess the company's liquidity and working capital management over time.
Peer comparison
Jan 28, 2024