Deere & Company (DE)
Working capital 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 current assets | US$ in thousands | 77,667,000 | 14,417,000 | 51,922,000 | 15,618,000 | 65,475,000 |
| Total current liabilities | US$ in thousands | 38,334,000 | 13,561,000 | 41,064,000 | 17,964,000 | 33,125,000 |
| Working capital turnover | 1.28 | 60.42 | 5.55 | — | 1.59 |
October 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $50,518,000K ÷ ($77,667,000K – $38,334,000K)
= 1.28
To analyze Deere & Company's working capital turnover, we observe a fluctuating trend over the reported periods. As of October 31, 2022, the working capital turnover stood at 1.59, indicating that the company generated $1.59 in revenue for every dollar of working capital invested. The absence of data for October 29, 2023, suggests a potential data reporting gap. Subsequently, the ratio spiked to 5.55 on October 31, 2023, signifying a more efficient utilization of working capital to drive revenue.
However, a substantial surge was recorded on October 27, 2024, with a working capital turnover of 60.42, which could indicate unusually high revenue generated in relation to working capital. This anomaly may warrant further investigation to ascertain the underlying factors. By October 31, 2024, the ratio dropped to 1.28, indicating a significant decline in efficiency in leveraging working capital to generate revenue compared to the previous period.
Overall, the fluctuating values of the working capital turnover ratio for Deere & Company suggest varying levels of efficiency in managing working capital to drive revenue generation over the analyzed periods. Further analysis and comparison with industry benchmarks may provide additional insights into the company's financial performance and operational effectiveness.
Peer comparison
Oct 31, 2024