Deere & Company (DE)
Working capital 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 current assets | US$ in thousands | 15,618,000 | 13,269,000 | 14,798,000 | 12,065,000 | 9,832,000 |
| Total current liabilities | US$ in thousands | 17,964,000 | 12,592,000 | 10,919,000 | 21,000 | 24,903,000 |
| Working capital turnover | — | 77.66 | 11.35 | 2.95 | — |
October 29, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $61,251,000K ÷ ($15,618,000K – $17,964,000K)
= —
The working capital turnover ratio for Deere & Co. has exhibited fluctuating trends over the past five years. The ratio has experienced a notable increase from 5.24 in November 2020 to 9.91 in October 2023, indicating a more efficient utilization of working capital to generate sales revenue. This suggests that the company has been able to efficiently convert its working capital into sales during the most recent period, reflecting positively on its operational efficiency. It is important to note that a high working capital turnover ratio may also indicate aggressive working capital management or potential risks related to inventory and accounts receivable levels. Therefore, further analysis of the company's working capital components and industry benchmarks is necessary to gain a comprehensive understanding of its working capital management strategy.
Peer comparison
Oct 29, 2023