Deere & Company (DE)
Return on equity (ROE)
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,093,000 | 5,958,000 | 7,083,000 | 8,208,000 | 8,225,000 | 8,242,000 | 8,241,000 | 8,240,000 | 9,467,000 | 10,694,000 | 11,185,000 | 10,775,000 | 9,756,000 | 9,024,000 | 8,410,000 | 8,335,000 | 8,474,000 | 8,326,000 | 6,983,000 | 6,002,000 |
| Total stockholders’ equity | US$ in thousands | 22,479,000 | 22,836,000 | 22,836,000 | 23,062,000 | 23,062,000 | 22,684,000 | 22,684,000 | 22,075,000 | 22,075,000 | 21,785,000 | 21,785,000 | 23,048,000 | 23,048,000 | 22,395,000 | 21,332,000 | 21,332,000 | 20,262,000 | 20,262,000 | 19,033,000 | 18,904,000 |
| ROE | 22.66% | 26.09% | 31.02% | 35.59% | 35.66% | 36.33% | 36.33% | 37.33% | 42.89% | 49.09% | 51.34% | 46.75% | 42.33% | 40.29% | 39.42% | 39.07% | 41.82% | 41.09% | 36.69% | 31.75% |
January 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $5,093,000K ÷ $22,479,000K
= 22.66%
Deere & Company's return on equity (ROE) has shown a fluctuating trend over the past few years based on the data provided. The ROE was at 31.75% on May 1, 2022, and experienced a gradual increase, reaching a peak of 51.34% on October 29, 2023. This indicates that Deere & Company was effectively utilizing its shareholders' equity to generate profits during this period.
However, starting from January 28, 2024, the ROE began to decline steadily. The ROE dropped to 22.66% by January 31, 2025, reflecting a potential decrease in the company's profitability relative to its equity base.
Overall, the analysis reveals that Deere & Company's ROE has demonstrated both periods of strong performance and periods of decline during the period under review. It is crucial for stakeholders to monitor these fluctuations and investigate the underlying factors influencing the company's profitability and efficiency in utilizing shareholders' equity.
Peer comparison
Jan 31, 2025