Deere & Company (DE)
Return on equity (ROE)
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,100,000 | 7,100,000 | 10,166,000 | 10,166,000 | 7,131,000 |
| Total stockholders’ equity | US$ in thousands | 22,836,000 | 22,836,000 | 21,785,000 | 21,785,000 | 20,262,000 |
| ROE | 31.09% | 31.09% | 46.67% | 46.67% | 35.19% |
October 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $7,100,000K ÷ $22,836,000K
= 31.09%
Based on the provided data, Deere & Company's return on equity (ROE) has shown fluctuations over the past few years. The ROE increased significantly from 35.19% as of October 31, 2022, to 46.67% by October 29, 2023, and remained steady at 46.67% as of October 31, 2023.
However, there was a noticeable decline in ROE to 31.09% by both October 27, 2024, and October 31, 2024. This reduction suggests a potential decrease in the company's profitability in relation to its shareholders' equity during this period.
It is important for stakeholders to further investigate the reasons behind the fluctuation in ROE to assess the company's financial performance and management efficiency. Factors such as changes in net income, total equity, or financial leverage could significantly impact ROE and require a thorough analysis to determine the underlying causes and implications for the company's overall financial health.
Peer comparison
Oct 31, 2024