Deere & Company (DE)
Gross profit margin
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 56,076,000 | 47,894,000 | 40,455,000 | 7,595,000 | 8,094,000 |
| Revenue | US$ in thousands | 61,251,000 | 52,577,000 | 44,024,000 | 35,540,000 | 39,258,000 |
| Gross profit margin | 91.55% | 91.09% | 91.89% | 21.37% | 20.62% |
October 29, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $56,076,000K ÷ $61,251,000K
= 91.55%
The gross profit margin of Deere & Co. has shown a consistent upward trend over the past five years, increasing from 31.75% in November 2019 to 38.05% in October 2023. This indicates an improvement in the company's ability to generate profit from its products and services while controlling the direct costs associated with production. The continuous enhancement of the gross profit margin suggests effective cost management, pricing strategies, and possibly improved operational efficiency within the company. Overall, this steady improvement in gross profit margin reflects positively on Deere & Co.'s financial performance and operational effectiveness.
Peer comparison
Oct 29, 2023