Deere & Company (DE)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 11,427,000 | 9,039,000 | 14,591,000 | 12,958,000 | 9,026,000 |
| Total assets | US$ in thousands | 107,320,000 | 107,320,000 | 104,087,000 | 104,087,000 | 90,030,000 |
| Operating ROA | 10.65% | 8.42% | 14.02% | 12.45% | 10.03% |
October 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $11,427,000K ÷ $107,320,000K
= 10.65%
Deere & Company's operating return on assets (Operating ROA) has fluctuated over the past few years. As of October 31, 2022, the operating ROA was 10.03%, indicating that the company generated 10.03 cents of operating income for every dollar of assets. Subsequently, there was an improvement in performance as the operating ROA increased to 12.45% by October 29, 2023, and further to 14.02% by October 31, 2023.
However, there was a decline in performance by October 27, 2024, as the operating ROA dropped to 8.42%, which indicates a decrease in the efficiency of asset utilization. Still, by October 31, 2024, there was a recovery in performance, with the operating ROA improving to 10.65%.
Overall, the trend in Deere & Company's operating ROA shows some variability, with improvements in some periods and declines in others. It is essential for investors and stakeholders to monitor this ratio to assess the company's operational efficiency and profitability in utilizing its assets effectively.
Peer comparison
Oct 31, 2024