Deere & Company (DE)
Total asset turnover
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 50,518,000 | 51,716,000 | 60,248,000 | 61,251,000 | 51,282,000 |
| Total assets | US$ in thousands | 107,320,000 | 107,320,000 | 104,087,000 | 104,087,000 | 90,030,000 |
| Total asset turnover | 0.47 | 0.48 | 0.58 | 0.59 | 0.57 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $50,518,000K ÷ $107,320,000K
= 0.47
Based on the provided data, the total asset turnover for Deere & Company has shown a slight fluctuation over the period from October 2022 to October 2024. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue.
In October 2022, the total asset turnover was 0.57, which means that the company generated $0.57 in revenue for every dollar of assets it had. This ratio improved to 0.59 by October 2023 before slightly decreasing to 0.58 in October 2023.
However, in the most recent periods, the total asset turnover declined significantly to 0.48 in October 2024 and further dropped to 0.47 in October 2024. This decreasing trend could suggest that Deere & Company may not be efficiently utilizing its assets to generate revenue during these periods.
In conclusion, the total asset turnover ratio for Deere & Company has shown some fluctuations over the analyzed period, with a noticeable decline in the most recent periods, indicating a potential need for the company to assess and improve its asset utilization efficiency.
Peer comparison
Oct 31, 2024