Deere & Company (DE)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 32.04% | 21.16% | 21.00% | 20.14% | 19.39% | 18.08% | 17.04% | 17.12% | 17.11% | 18.20% | 17.97% | 17.00% | 14.31% | 12.11% | 10.97% | 10.11% | 11.03% | 11.25% | 11.76% | 11.91% |
| Pretax margin | 20.99% | 21.28% | 20.94% | 19.73% | 18.83% | 17.38% | 16.26% | 16.34% | 16.29% | 17.32% | 16.73% | 15.59% | 12.96% | 10.79% | 10.00% | 9.30% | 10.26% | 10.46% | 11.01% | 11.13% |
| Net profit margin | 16.38% | 16.60% | 16.36% | 15.00% | 14.71% | 13.56% | 12.75% | 13.00% | 12.69% | 13.55% | 12.82% | 11.51% | 9.34% | 7.74% | 7.60% | 7.61% | 8.41% | 8.29% | 8.55% | 8.52% |
Deere & Co. has shown consistent improvement in its profitability ratios over the quarters analyzed. The gross profit margin has been progressively increasing from 31.49% in Q3 2022 to 38.79% in Q1 2024, indicating the company's ability to efficiently control the cost of production and generate more revenue from its core operations.
Similarly, the operating profit margin has also shown an upward trend, growing from 16.56% in Q3 2022 to 21.48% in Q1 2024. This signifies that Deere & Co. has been effectively managing its operating expenses to enhance profitability.
The pretax margin has fluctuated within a narrow range but has demonstrated a slight increase from 16.26% in Q2 2022 to 20.97% in Q1 2024. This suggests that the company's income before taxes has been growing relative to its total revenue.
Moreover, the net profit margin has shown a steady increase from 12.75% in Q2 2022 to 16.38% in Q1 2024, reflecting Deere & Co.'s ability to efficiently manage its bottom line and generate a higher level of profit for its shareholders.
Overall, the consistent improvement in profitability ratios indicates that Deere & Co. has been successful in optimizing its operations and enhancing its financial performance over the quarters analyzed.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 19.21% | 12.45% | 12.46% | 12.22% | 11.78% | 10.56% | 9.49% | 9.32% | 9.56% | 9.53% | 9.45% | 8.57% | 7.02% | 5.73% | 5.07% | 4.81% | 5.98% | 6.05% | 6.20% | 6.39% |
| Return on assets (ROA) | 9.82% | 9.77% | 9.71% | 9.10% | 8.94% | 7.92% | 7.10% | 7.08% | 7.09% | 7.09% | 6.74% | 5.80% | 4.58% | 3.66% | 3.51% | 3.62% | 4.56% | 4.46% | 4.51% | 4.58% |
| Return on total capital | 70.38% | 71.10% | 64.52% | 60.13% | 55.28% | 50.34% | 46.16% | 16.27% | 16.18% | 16.79% | 16.99% | 15.10% | 12.76% | 11.12% | 10.50% | 10.53% | 12.83% | 48.81% | 13.66% | 14.10% |
| Return on equity (ROE) | 45.11% | 46.67% | 43.57% | 39.96% | 38.38% | 35.19% | 32.41% | 31.48% | 31.70% | 32.36% | 34.57% | 30.36% | 24.55% | 21.26% | 21.07% | 23.63% | 27.44% | 28.50% | 27.04% | 27.92% |
Deere & Co. has shown consistent improvement in its profitability ratios over the quarters analyzed. The Operating Return on Assets (Operating ROA) has been steadily increasing, reflecting a strong operational performance, reaching 12.88% in Q1 2024. This indicates that the company is generating more operating income per dollar of assets.
Return on Assets (ROA) has also shown a positive trend, with an increase to 9.82% in Q1 2024, indicating that the company is effectively utilizing its assets to generate profits. The Return on Total Capital has followed a similar pattern, indicating efficient usage of both equity and debt to generate returns.
The Return on Equity (ROE) has shown significant growth, reaching 45.11% in Q1 2024, indicating that the company is generating substantial profits in relation to shareholders' equity. This demonstrates the effectiveness of the company's management in delivering returns to shareholders.
Overall, Deere & Co. has demonstrated strong profitability performance, with improving ratios across Operating ROA, ROA, Return on Total Capital, and ROE, reflecting efficient operations and effective utilization of resources to generate returns for investors.