Deere & Company (DE)
Working capital 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 current assets | US$ in thousands | 14,417,000 | 14,712,000 | 13,996,000 | 14,074,000 | 15,618,000 | 15,926,000 | 14,980,000 | 14,032,000 | 13,269,000 | 13,480,000 | 12,908,000 | 12,407,000 | 14,798,000 | 13,929,000 | 13,224,000 | 12,918,000 | 12,065,000 | 13,840,000 | 15,071,000 | 10,084,000 |
| Total current liabilities | US$ in thousands | 13,561,000 | 15,294,000 | 17,699,000 | 17,117,000 | 17,964,000 | 17,143,000 | 17,109,000 | 14,129,000 | 12,592,000 | 14,176,000 | 12,413,000 | 10,990,000 | 10,919,000 | 10,404,000 | 9,911,000 | 20,000 | 21,000 | 9,075,000 | 13,000 | 12,000 |
| Working capital turnover | 60.42 | — | — | — | — | — | — | — | 77.66 | — | 92.51 | 31.39 | 11.35 | 12.04 | 12.02 | 2.87 | 2.95 | 7.49 | 2.44 | 3.86 |
October 27, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $51,716,000K ÷ ($14,417,000K – $13,561,000K)
= 60.42
Deere & Company's working capital turnover ratio has shown fluctuating trends over the past several quarters. The ratio was 60.42 as of October 27, 2024, indicating that the company generated $60.42 in revenue for every $1 of working capital invested during that period. However, data for the earlier quarters is unavailable.
The significant increase in the working capital turnover ratio from the last available data point suggests that the company has effectively managed its working capital to generate higher sales relative to the amount of working capital employed. It could signify improved efficiency in utilizing current assets and liabilities.
Analyzing the working capital turnover ratio in conjunction with other financial metrics and industry benchmarks would provide a more comprehensive understanding of Deere & Company's operational efficiency and financial performance. Further examination over time will help in identifying trends and evaluating the company's ability to efficiently utilize its working capital resources.
Peer comparison
Oct 27, 2024