Deere & Company (DE)
Working capital turnover
| 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 | Nov 3, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 39,258,000 | 38,778,000 | 39,051,000 |
| Total current assets | US$ in thousands | 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 | 9,832,000 | 10,130,000 | 10,644,600 |
| Total current liabilities | US$ in thousands | 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 | 24,903,000 | 25,716,000 | 26,289,300 |
| Working capital turnover | — | — | — | — | — | 77.66 | — | 92.51 | 31.39 | 11.35 | 12.04 | 12.02 | 2.87 | 2.95 | 7.49 | 2.44 | 3.86 | — | — | — |
January 28, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $60,785,000K ÷ ($14,074,000K – $17,117,000K)
= —
The working capital turnover ratio for Deere & Co. has shown fluctuations over the quarters provided in the table. In Q1 2024, the ratio stood at 9.86, slightly lower compared to Q4 2023 at 9.91. This indicates that Deere & Co. generated approximately $9.86 in revenue for every dollar of working capital invested during Q1 2024.
The trend shows a general stability in the company's efficiency in utilizing its working capital to generate revenue. However, in Q3 and Q2 2023, the ratio dropped to 7.78 and 7.65 respectively, which may indicate a potential deterioration in working capital management efficiency during those periods.
It is worth noting that there is missing data for Q1 2023, Q4 2022, Q3 2022, and Q2 2022, making it challenging to provide a complete trend analysis. Nonetheless, monitoring and analyzing the working capital turnover ratio can provide insights into the company's operational efficiency and liquidity management.
Peer comparison
Jan 28, 2024