Deere & Company (DE)
Return on assets (ROA)
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 10,166,000 | 7,131,000 | 5,963,000 | 2,751,000 | 3,253,000 |
| Total assets | US$ in thousands | 104,087,000 | 90,030,000 | 84,114,000 | 75,091,000 | 73,011,000 |
| ROA | 9.77% | 7.92% | 7.09% | 3.66% | 4.46% |
October 29, 2023 calculation
ROA = Net income ÷ Total assets
= $10,166,000K ÷ $104,087,000K
= 9.77%
Over the past five years, Deere & Co.'s return on assets (ROA) has exhibited a positive trend, increasing from 4.46% in November 2019 to 9.77% in October 2023. This indicates that the company has been able to generate a higher level of net income relative to its total assets. The consistent improvement in ROA reflects the company's effective management of its assets to generate profits. This may be attributed to factors such as operational efficiency, effective resource allocation, and potentially successful strategic initiatives. The increasing trend in ROA suggests that the company has been able to enhance its profitability and efficiency in its utilization of assets over the period under consideration.
Peer comparison
Oct 29, 2023