Deere & Company (DE)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 60,785,000 | 61,252,000 | 61,376,000 | 59,677,000 | 55,660,000 | 52,577,000 | 48,368,000 | 45,793,000 | 44,481,000 | 44,024,000 | 42,428,000 | 39,826,000 | 37,021,000 | 35,540,000 | 35,705,000 | 36,816,000 | 38,905,000 | 39,258,000 | 38,778,000 | 39,051,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
January 28, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $60,785,000K ÷ $—K
= —
The receivables turnover for Deere & Co. has displayed some fluctuations over the past eight quarters. In Q1 2024, the receivables turnover ratio was 6.19, which indicates that the company collected its accounts receivable approximately 6.19 times during the quarter. This represents an improvement from the previous quarter (Q4 2023) where the ratio was 5.87.
Further back, in Q3 2023 and Q2 2023, the receivables turnover were 4.94 and 4.75 respectively, showing a lower collection efficiency during those periods. Notably, Q1 2023 saw a relatively high ratio of 5.80, followed by a similar level in Q4 2022 at 5.88.
Overall, the trend in receivables turnover for Deere & Co. has been somewhat volatile, with fluctuations in the efficiency of collecting accounts receivable over the past eight quarters. This could be influenced by various factors such as changes in credit policies, customer payment behaviors, or economic conditions impacting the company's sales and receivables management.
Peer comparison
Jan 28, 2024