Deere & Company (DE)
Return on assets (ROA)
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 7,100,000 | 8,224,000 | 9,468,000 | 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 |
| Total assets | US$ in thousands | 107,320,000 | 107,841,000 | 105,628,000 | 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 |
| ROA | 6.62% | 7.63% | 8.96% | 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% |
October 27, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $7,100,000K ÷ $107,320,000K
= 6.62%
Deere & Company's return on assets (ROA) has shown a fluctuating trend over the past several quarters. ROA measures the company's efficiency in generating profit from its assets.
From February 2020 to October 2020, the ROA remained relatively stable around 3.5% to 4.6%. However, from January 2021 to April 2024, there was a noticeable upward trend in ROA, reaching a peak of 9.82% in January 2024. This indicates an improvement in Deere & Company's ability to generate earnings relative to its assets during this period.
Despite the positive trend, there was a slight decrease in ROA in the latest quarter reported, with a value of 6.62%. It is essential for investors and analysts to monitor future financial results to understand if this decrease is a one-time occurrence or a potential reversal in the company's profitability trend.
Overall, Deere & Company's ROA has shown improvement and strength in recent quarters, reflecting the company's efficiency in utilizing its assets to generate profits. However, continuous monitoring and analysis of future financial performance will be crucial in assessing the company's sustainability and profitability in the long term.
Peer comparison
Oct 27, 2024