Deere & Company (DE)
Return on equity (ROE)
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,100,000 | 10,166,000 | 7,131,000 | 5,963,000 | 2,751,000 |
| Total stockholders’ equity | US$ in thousands | 22,836,000 | 21,785,000 | 20,262,000 | 18,431,000 | 12,937,000 |
| ROE | 31.09% | 46.67% | 35.19% | 32.35% | 21.26% |
October 27, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $7,100,000K ÷ $22,836,000K
= 31.09%
Deere & Company's return on equity (ROE) has demonstrated fluctuating trends over the past five years. In the most recent period ending on October 27, 2024, the ROE stood at 31.09%, showing a decrease from the previous year's 46.67%. Despite this decline, the ROE remains relatively robust compared to the earlier periods, with the highest level recorded at 46.67% on October 29, 2023.
The company's ROE experienced a significant increase in FY 2023 compared to the prior year, indicating improved profitability and efficiency in generating returns for shareholders. However, the subsequent decrease in FY 2024 suggests a potential slowdown in these aspects.
Overall, while Deere & Company has shown strong ROE figures in recent years, stakeholders may monitor future financial performance closely to assess the company's ability to sustain or improve its return on equity in the coming periods.
Peer comparison
Oct 27, 2024