Deere & Company (DE)
Return on equity (ROE)
| 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 | Nov 3, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 3,253,000 | 3,317,000 | 3,328,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 11,413,000 | 12,266,000 | 11,919,000 |
| ROE | 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% | 28.50% | 27.04% | 27.92% |
January 28, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $9,958,000K ÷ $22,075,000K
= 45.11%
Over the past eight quarters, Deere & Co. has demonstrated a consistently strong return on equity (ROE) performance. The ROE has shown a positive trend, increasing from 31.47% in Q2 2022 to 45.11% in Q1 2024. This indicates that the company has been effectively utilizing its equity to generate profits for its shareholders.
The ROE values above 30% signify that Deere & Co. is generating healthy returns relative to the shareholders' equity invested in the company. The successive quarterly improvements in ROE also suggest that the company's operations and financial management have been increasingly efficient and effective in generating profits.
Overall, the trend in Deere & Co.'s ROE reflects a positive financial performance, indicating the company's ability to generate strong returns for its shareholders through effective management of its assets and equity. This consistent improvement in ROE over the quarters underscores the company's ability to create value for its investors and signifies a healthy financial position.
Peer comparison
Jan 28, 2024