Deere & Company (DE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 22,836,000 | 23,062,000 | 22,684,000 | 22,075,000 | 21,785,000 | 23,048,000 | 22,395,000 | 21,332,000 | 20,262,000 | 19,033,000 | 18,904,000 | 17,804,000 | 18,431,000 | 15,731,000 | 15,092,000 | 14,083,000 | 12,937,000 | 12,888,000 | 11,864,000 | 11,926,000 |
| ROE | 31.09% | 35.66% | 41.74% | 45.11% | 46.67% | 43.57% | 39.96% | 38.38% | 35.19% | 32.41% | 31.48% | 31.70% | 32.36% | 34.57% | 30.36% | 24.55% | 21.26% | 21.07% | 23.63% | 27.44% |
October 27, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $7,100,000K ÷ $22,836,000K
= 31.09%
The return on equity (ROE) of Deere & Company has fluctuated over the past several quarters. From Feb 2, 2020, to Oct 27, 2024, ROE ranged from 21.07% to 46.67%. The company's ROE peaked at 46.67% on Jan 28, 2024, indicating that for every dollar of shareholders' equity, the company generated a profit of 46.67 cents.
The trend in ROE shows some variability, with downward movements seen in the most recent quarters. Although the ROE has generally been strong, the downward trend in recent quarters may be a cause for further analysis.
Overall, Deere & Company's ROE performance signifies the company's efficiency in utilizing shareholder equity to generate profits, but the recent decline suggests a need for a closer examination of the company's operational efficiency, financial leverage, or profitability drivers. It is essential for stakeholders to monitor these trends to assess the company's financial health and performance sustainably.
Peer comparison
Oct 27, 2024