Deere & Company (DE)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 46,205,000 | 50,499,000 | 53,315,000 | 55,398,000 | 56,143,000 | 56,224,000 | 54,676,000 | 51,068,000 | 48,035,000 | 44,591,000 | 42,149,000 | 40,961,000 | 40,467,000 | 32,328,000 | 23,693,000 | 14,407,000 | 7,595,000 | 7,374,000 | 7,449,000 | 8,037,000 |
| 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 |
| Gross profit margin | 89.34% | 90.20% | 90.93% | 91.14% | 91.66% | 91.61% | 91.62% | 91.75% | 91.36% | 92.19% | 92.04% | 92.09% | 91.92% | 76.19% | 59.49% | 38.92% | 21.37% | 20.65% | 20.23% | 20.66% |
October 27, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $46,205,000K ÷ $51,716,000K
= 89.34%
The gross profit margin of Deere & Company has exhibited a generally positive trend over the specified timeframe. The company's gross profit margin has shown improvement from 20.66% in February 2020 to 89.34% in October 2024. There have been fluctuations in the gross profit margin, with some quarters showing slight decreases, but overall, the trend has been upward.
The company's ability to maintain a high gross profit margin indicates efficient management of production costs and pricing strategies. Higher gross profit margins suggest that Deere & Company is effectively controlling its cost of goods sold and generating a healthy profit on its sales.
It is important to note that the significant decrease in the gross profit margin from 91.92% in October 2021 to 76.19% in January 2022, followed by a sharp decline to 59.49% in August 2021, may require further investigation to understand the factors contributing to these fluctuations.
Overall, the increasing trend in gross profit margin for Deere & Company indicates positive performance in terms of profitability and cost management.
Peer comparison
Oct 27, 2024