Deere & Company (DE)
Gross profit margin
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 19,495,000 | 45,962,000 | 22,306,000 | 56,076,000 | 15,730,000 |
| Revenue | US$ in thousands | 50,518,000 | 51,716,000 | 60,248,000 | 61,251,000 | 51,282,000 |
| Gross profit margin | 38.59% | 88.87% | 37.02% | 91.55% | 30.67% |
October 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $19,495,000K ÷ $50,518,000K
= 38.59%
Based on the provided data, the gross profit margin of Deere & Company has shown fluctuations over the years.
Starting from October 31, 2022, the gross profit margin stood at 30.67%, indicating that for every dollar of revenue generated, the company retained approximately $0.3067 as gross profit after deducting the cost of goods sold.
By October 29, 2023, the gross profit margin saw a substantial increase to 91.55%, signaling a significant improvement in the company's profitability and efficiency in managing production costs.
However, in the following year, by October 31, 2023, the gross profit margin dropped to 37.02%, reflecting a decrease in the company's ability to generate profit relative to sales.
In the subsequent year, as of October 27, 2024, the gross profit margin surged to 88.87%, indicating a strong rebound in profitability.
Finally, by October 31, 2024, the gross profit margin settled at 38.59%, showcasing a slight increase compared to the previous year but still fluctuating from the peak seen earlier.
Overall, the company's gross profit margin has shown variability, with sharp increases and decreases over the years, suggesting fluctuations in the company's cost structure, pricing strategy, or operational efficiency.
Peer comparison
Oct 31, 2024