Deere & Company (DE)
Total asset 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 |
| Total assets | US$ in thousands | 104,087,000 | 90,030,000 | 84,114,000 | 75,091,000 | 73,011,000 |
| Total asset turnover | 0.59 | 0.58 | 0.52 | 0.47 | 0.54 |
October 29, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $61,251,000K ÷ $104,087,000K
= 0.59
The total asset turnover ratio of Deere & Co. has shown a fluctuating trend over the past five years. The ratio increased from 0.47 in 2020 to 0.59 in 2023, indicating that the company generated $0.59 in revenue for every dollar of assets held. This improvement suggests an efficient utilization of assets to generate sales. However, it's important to note that the ratio was lower in 2021 at 0.52 before increasing again in 2022, reflecting some variability in the company's asset utilization efficiency. Overall, the trend in the total asset turnover ratio indicates a mix of effective and less effective asset management over the analyzed period.
Peer comparison
Oct 29, 2023