Deere & Company (DE)
Total asset turnover
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 51,716,000 | 55,984,000 | 58,633,000 | 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 |
| Total assets | US$ in thousands | 107,320,000 | 107,841,000 | 105,628,000 | 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 |
| Total asset turnover | 0.48 | 0.52 | 0.56 | 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 |
October 27, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $51,716,000K ÷ $107,320,000K
= 0.48
Deere & Company's total asset turnover has shown some fluctuations over the past few years. The ratio peaked at 0.61 in April 2023 and January 2023, indicating that the company generated $0.61 in revenue for every $1 of total assets during those periods. This suggests efficient management of assets to generate sales.
However, there have been periods where the total asset turnover decreased, such as in February 2020 and November 2020, when the ratio dropped to 0.46 and 0.47 respectively. This could indicate lower sales relative to the total assets, which might be a concern for investors as it suggests underutilization of assets.
Overall, the trend in total asset turnover for Deere & Company has been relatively stable, hovering around the range of 0.48 to 0.61. Investors should closely monitor this ratio to ensure that the company is effectively utilizing its assets to maximize revenue generation.
Peer comparison
Oct 27, 2024