Deere & Company (DE)
Operating profit margin
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,039,000 | 12,958,000 | 9,508,000 | 8,012,000 | 4,305,000 |
| Revenue | US$ in thousands | 51,716,000 | 61,251,000 | 52,577,000 | 44,024,000 | 35,540,000 |
| Operating profit margin | 17.48% | 21.16% | 18.08% | 18.20% | 12.11% |
October 27, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $9,039,000K ÷ $51,716,000K
= 17.48%
The operating profit margin of Deere & Company has displayed some fluctuations over the past five years. It decreased from 12.11% in 2020 to 18.20% in 2021, reflecting an improvement in profitability. However, the margin dipped slightly to 18.08% in 2022 before experiencing a more significant decline to 21.16% in 2023. The latest available data for October 27, 2024, shows a further decrease to 17.48%.
These fluctuations in the operating profit margin indicate some variability in Deere & Company's ability to generate profits from its core operations over the years. It is essential for the company to closely monitor and manage its operating expenses, cost structure, and pricing strategies to maintain or enhance its profitability levels in the future. Additional analysis of the factors influencing these fluctuations, such as changes in revenue, cost of goods sold, and operating expenses, would provide further insight into the company's performance and prospects.
Peer comparison
Oct 27, 2024