Deere & Company (DE)
Total asset 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 |
| Total assets | US$ in thousands | 107,320,000 | 104,087,000 | 90,030,000 | 84,114,000 | 75,091,000 |
| Total asset turnover | 0.48 | 0.59 | 0.58 | 0.52 | 0.47 |
October 27, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $51,716,000K ÷ $107,320,000K
= 0.48
Deere & Company's total asset turnover has fluctuated over the past five years, with the ratio ranging from 0.47 to 0.59. The ratio indicates the company's ability to generate revenue from its assets, with a higher number reflecting more efficient asset utilization. In the most recent year, the total asset turnover decreased to 0.48, suggesting a slight decline in asset efficiency compared to the previous year. Further analysis would be needed to identify the factors contributing to this fluctuation and assess the overall effectiveness of Deere & Company in utilizing its assets to generate sales.
Peer comparison
Oct 27, 2024