Deere & Company (DE)
Total asset 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 |
| Total assets | US$ in thousands | 101,371,000 | 104,087,000 | 103,397,000 | 98,347,000 | 91,620,000 | 90,030,000 | 86,817,000 | 84,099,000 | 79,614,000 | 84,114,000 | 80,688,000 | 78,979,000 | 75,480,000 | 75,091,000 | 77,264,000 | 77,326,000 | 71,821,000 | 73,011,000 | 73,530,000 | 72,730,000 |
| Total asset turnover | 0.60 | 0.59 | 0.59 | 0.61 | 0.61 | 0.58 | 0.56 | 0.54 | 0.56 | 0.52 | 0.53 | 0.50 | 0.49 | 0.47 | 0.46 | 0.48 | 0.54 | 0.54 | 0.53 | 0.54 |
January 28, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $60,785,000K ÷ $101,371,000K
= 0.60
The total asset turnover ratio of Deere & Co. has shown relatively stable performance over the past few quarters, ranging between 0.54 and 0.61. The ratio measures how efficiently the company is generating sales from its total assets.
In Q1 2024 and Q2 2023, the total asset turnover was 0.60 and 0.61 respectively, indicating that Deere & Co. generated $0.60 and $0.61 in sales for every dollar of assets during those periods. This suggests a relatively efficient use of assets to generate revenue.
While there was a slight decrease in Q3 2022 to Q4 2022, the ratio recovered in subsequent quarters. Overall, the trend indicates that Deere & Co. has been able to maintain a consistent level of asset utilization efficiency in generating sales.
It would be beneficial for investors and stakeholders to continue monitoring the total asset turnover ratio to ensure that the company effectively manages its assets to drive revenue growth.
Peer comparison
Jan 28, 2024