Deere & Company (DE)
Return on assets (ROA)
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,100,000 | 10,166,000 | 7,131,000 | 5,963,000 | 2,751,000 |
| Total assets | US$ in thousands | 107,320,000 | 104,087,000 | 90,030,000 | 84,114,000 | 75,091,000 |
| ROA | 6.62% | 9.77% | 7.92% | 7.09% | 3.66% |
October 27, 2024 calculation
ROA = Net income ÷ Total assets
= $7,100,000K ÷ $107,320,000K
= 6.62%
Deere & Company's return on assets (ROA) has exhibited fluctuations over the past five years. In the latest fiscal year ending on October 27, 2024, the ROA stood at 6.62%, which represents a decrease compared to the previous year. Despite this decline, Deere's ROA remains relatively healthy, indicating that the company generated $6.62 in profit for every $100 of assets owned during the period.
Looking at the trend over the five-year period, we observe that Deere's ROA has shown variability, with the highest ROA recorded in the fiscal year ending on October 29, 2023, at 9.77%. This peak performance suggests that the company was more efficient in generating profits from its assets during that period.
In general, Deere & Company's ROA has demonstrated a positive trajectory, with notable improvements from the fiscal year ending on November 1, 2020, when the ROA was 3.66%. The consistent upward trend in ROA signals that the company has been effectively utilizing its assets to generate profits and create value for its stakeholders.
It is important for investors and analysts to continue monitoring Deere's ROA performance to assess the company's efficiency in utilizing its assets effectively. Additionally, understanding the factors driving the fluctuations in ROA can provide insights into Deere's operational performance and overall financial health.
Peer comparison
Oct 27, 2024