Deere & Company (DE)
Return on equity (ROE)
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 10,166,000 | 7,131,000 | 5,963,000 | 2,751,000 | 3,253,000 |
| Total stockholders’ equity | US$ in thousands | 21,785,000 | 20,262,000 | 18,431,000 | 12,937,000 | 11,413,000 |
| ROE | 46.67% | 35.19% | 32.35% | 21.26% | 28.50% |
October 29, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $10,166,000K ÷ $21,785,000K
= 46.67%
Deere & Co.'s return on equity (ROE) has shown a positive trend over the past five years. The ROE increased from 28.50% in 2019 to 46.67% in 2023, reflecting a steady improvement in the company's ability to generate profit from shareholders' equity. This indicates that the company has been efficiently utilizing its equity capital to generate income. The consistent increase in ROE signifies the company's strong performance and efficient management of its resources, which may be attributed to effective cost management, improved profit margins, or increased leverage. Overall, Deere & Co.'s ROE demonstrates a positive trajectory, indicating favorable financial performance and effective capital utilization.
Peer comparison
Oct 29, 2023