Deere & Company (DE)
Working capital turnover
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 43,081,000 | 47,971,000 | 52,141,000 | 56,232,000 | 55,230,000 | 54,263,000 | 54,423,000 | 54,600,000 | 58,291,000 | 61,907,000 | 63,908,000 | 60,892,000 | 58,007,000 | 57,482,000 | 55,860,000 | 57,310,000 | 58,028,000 | 55,582,000 | 49,377,000 | 45,100,000 |
| Total current assets | US$ in thousands | 74,869,000 | 77,667,000 | 14,417,000 | 80,714,000 | 14,712,000 | 26,505,000 | 13,996,000 | 25,022,000 | 14,074,000 | 77,934,000 | 15,618,000 | 77,485,000 | 15,926,000 | 73,013,000 | 66,456,000 | 14,032,000 | 64,088,000 | 13,269,000 | 63,091,000 | 12,908,000 |
| Total current liabilities | US$ in thousands | 34,031,000 | 38,334,000 | 13,561,000 | 39,363,000 | 15,294,000 | 39,284,000 | 17,699,000 | 36,594,000 | 17,117,000 | 41,064,000 | 17,964,000 | 39,091,000 | 17,143,000 | 37,204,000 | 32,101,000 | 14,129,000 | 33,125,000 | 12,592,000 | 32,082,000 | 12,413,000 |
| Working capital turnover | 1.05 | 1.22 | 60.91 | 1.36 | — | — | — | — | — | 1.68 | — | 1.59 | — | 1.61 | 1.63 | — | 1.87 | 82.10 | 1.59 | 91.11 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $43,081,000K ÷ ($74,869,000K – $34,031,000K)
= 1.05
Based on the provided data on Deere & Company's working capital turnover, we observe fluctuations in this ratio over the periods mentioned.
The working capital turnover represents how efficiently a company utilizes its working capital to generate sales revenue. A higher turnover ratio indicates that the company is effectively managing its working capital to support its operations and generate sales.
From May 1, 2022, to October 31, 2022, there is a significant increase in the working capital turnover from 91.11 to 1.87, indicating a much more efficient use of working capital during this period.
However, from January 31, 2023, onwards, the working capital turnover remains consistently low, fluctuating around 1.6, which may suggest a decline in efficiency in utilizing the company's working capital to support sales activities.
In the subsequent periods, the working capital turnover continues to hover around 1.5 to 1.7, with slight variations. This consistency may indicate some stability in the company's working capital management practices.
The abnormal value of 60.91 observed on October 27, 2024, could be an outlier or attributed to specific circumstances impacting the company's working capital efficiency during that period.
Overall, the trend in Deere & Company's working capital turnover shows periods of both high and low efficiency in utilizing working capital, highlighting the importance of closely monitoring and managing working capital to support operational activities and revenue generation.
Peer comparison
Jan 31, 2025