Deere & Company (DE)
Receivables turnover
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 61,251,000 | 52,577,000 | 44,024,000 | 35,540,000 | 39,258,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
October 29, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $61,251,000K ÷ $—K
= —
The receivables turnover for Deere & Co. has fluctuated over the past five years. In 2023, the receivables turnover was 5.87, showing a slight decrease from 5.88 in 2022. This indicates that the company took slightly longer to collect its accounts receivable in 2023 compared to the previous year. However, it's essential to note that this measure was significantly lower compared to 7.27 in 2021, which suggests an improvement in the collection of receivables in 2023. Overall, the company's ability to convert its accounts receivable into cash has exhibited some variability over the years, but the 2023 figure indicates a relatively steady performance in this aspect.
Peer comparison
Oct 29, 2023