Deere & Company (DE)
Return on assets (ROA)
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,093,000 | 5,958,000 | 7,083,000 | 8,208,000 | 8,225,000 | 8,242,000 | 8,241,000 | 8,240,000 | 9,467,000 | 10,694,000 | 11,185,000 | 10,775,000 | 9,756,000 | 9,024,000 | 8,410,000 | 8,335,000 | 8,474,000 | 8,326,000 | 6,983,000 | 6,002,000 |
| Total assets | US$ in thousands | 103,119,000 | 107,320,000 | 107,320,000 | 107,841,000 | 107,841,000 | 105,628,000 | 105,628,000 | 101,371,000 | 101,371,000 | 104,087,000 | 104,087,000 | 103,397,000 | 103,397,000 | 98,347,000 | 91,620,000 | 91,620,000 | 90,030,000 | 90,030,000 | 86,817,000 | 84,099,000 |
| ROA | 4.94% | 5.55% | 6.60% | 7.61% | 7.63% | 7.80% | 7.80% | 8.13% | 9.34% | 10.27% | 10.75% | 10.42% | 9.44% | 9.18% | 9.18% | 9.10% | 9.41% | 9.25% | 8.04% | 7.14% |
January 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,093,000K ÷ $103,119,000K
= 4.94%
Deere & Company's return on assets (ROA) has experienced fluctuations over the period from May 1, 2022, to January 31, 2025. The ROA started at 7.14% in May 2022, increased steadily, reaching 10.75% by October 29, 2023, before declining to 4.94% by January 31, 2025.
The ROA measures the company's efficiency in generating profits from its assets. A higher ROA indicates that the company is better at utilizing its assets to generate earnings. The increasing trend in ROA from May 2022 to October 2023 signifies improved asset efficiency and profitability. However, the subsequent decline in ROA from October 2023 to January 2025 suggests a potential decrease in profitability relative to the company's asset base.
It is essential for stakeholders to closely monitor Deere & Company's ROA performance to assess the company's ability to generate profits relative to its asset investments. Fluctuations in ROA may be indicative of shifts in operational efficiency, asset utilization, or overall profitability, highlighting the need for further analysis to understand the underlying reasons behind these changes.
Peer comparison
Jan 31, 2025