Deere & Company (DE)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 8,094,000 | 8,088,000 | 8,123,000 |
| 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 |
| Gross profit margin | 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% | 20.62% | 20.86% | 20.80% |
January 28, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $55,398,000K ÷ $60,785,000K
= 91.14%
Deere & Co.'s gross profit margin has shown a consistently upward trend over the past few quarters. The company's gross profit margin increased from 31.87% in Q2 2022 to 38.79% in Q1 2024, indicating improved efficiency in managing production costs and generating revenue from its core operations. This signifies that Deere & Co. has been able to effectively control its cost of goods sold while increasing sales, resulting in healthier profits. This upward trend suggests that the company's pricing strategies, cost management, and operational efficiency have been effective in driving profitability. Additionally, the steady improvement in gross profit margin reflects positively on Deere & Co.'s competitive positioning and ability to adapt to changing market conditions. Overall, the consistent improvement in gross profit margin indicates a positive outlook for Deere & Co.'s financial performance and operational management.
Peer comparison
Jan 28, 2024