Deere & Company (DE)
Receivables turnover
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 51,716,000 | 61,251,000 | 52,577,000 | 44,024,000 | 35,540,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
October 27, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $51,716,000K ÷ $—K
= —
Receivables turnover for Deere & Company cannot be calculated directly from the provided data because the necessary figures, namely net sales and average accounts receivable, are not provided.
Receivables turnover is an efficiency ratio that measures how effectively a company is collecting payments from its customers. A higher receivables turnover ratio typically indicates that a company has strong credit policies, efficient collection processes, or a high proportion of cash sales.
To calculate the receivables turnover ratio, the formula is:
Receivables Turnover = Net Sales / Average Accounts Receivable
Without the specific figures for net sales and average accounts receivable for each year, it is not possible to calculate the receivables turnover ratio for Deere & Company over the referenced periods.
Peer comparison
Oct 27, 2024