Deere & Company (DE)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 9,958,000 | 10,166,000 | 10,043,000 | 8,949,000 | 8,187,000 | 7,131,000 | 6,168,000 | 5,951,000 | 5,643,000 | 5,964,000 | 5,438,000 | 4,582,000 | 3,458,000 | 2,751,000 | 2,715,000 | 2,803,000 | 3,272,000 | 3,253,000 | 3,317,000 | 3,328,000 |
| Total assets | US$ in thousands | 101,371,000 | 104,087,000 | 103,397,000 | 98,347,000 | 91,620,000 | 90,030,000 | 86,817,000 | 84,099,000 | 79,614,000 | 84,114,000 | 80,688,000 | 78,979,000 | 75,480,000 | 75,091,000 | 77,264,000 | 77,326,000 | 71,821,000 | 73,011,000 | 73,530,000 | 72,730,000 |
| 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% |
January 28, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $9,958,000K ÷ $101,371,000K
= 9.82%
Over the past eight quarters, Deere & Co.'s return on assets (ROA) has shown a generally positive trend, reflecting the company's ability to generate profits from its assets. The ROA has increased from 7.07% in Q2 2022 to 9.82% in Q1 2024, indicating an improvement in the company's efficiency in utilizing its assets to generate earnings.
The consistent uptrend in ROA signifies that Deere & Co. has been effectively managing its assets to enhance profitability over the analyzed period. This trend suggests that the company has been successful in enhancing its operational efficiency and profitability, which is a positive indicator for investors and stakeholders.
Overall, the improving ROA indicates that Deere & Co. has been effectively utilizing its assets to generate returns, showcasing the company's sound operational performance and financial health over the recent quarters.
Peer comparison
Jan 28, 2024