Deere & Company (DE)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 12,542,000 | 14,036,000 | 15,074,000 | 15,537,000 | 15,490,000 | 14,870,000 | 13,467,000 | 11,793,000 | 10,200,000 | 8,785,000 | 8,353,000 | 8,195,000 | 8,616,000 | 8,158,000 | 7,314,000 | 5,979,000 | 5,079,000 | 4,927,000 | 4,863,000 | 5,439,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 32,447,000 | 32,838,000 | 32,888,000 | 32,280,000 | 33,346,000 | 32,772,000 | 32,734,000 | 34,037,000 | 34,324,000 | 30,475,000 |
| 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 |
| Return on total capital | 54.92% | 60.86% | 66.45% | 70.38% | 71.10% | 64.52% | 60.13% | 55.28% | 50.34% | 46.16% | 16.27% | 16.18% | 16.79% | 16.99% | 15.10% | 12.76% | 11.12% | 10.50% | 10.53% | 12.83% |
October 27, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $12,542,000K ÷ ($—K + $22,836,000K)
= 54.92%
Deere & Company's return on total capital has shown a generally positive trend over the past few quarters, with the latest figure standing at 54.92% as of Oct 27, 2024. This indicates that the company is generating significant returns relative to the total capital employed in its operations.
The return on total capital has been consistently above 50% in recent quarters, reflecting the company's ability to efficiently utilize its invested capital to generate profits. The highest return on total capital was observed in the Jan 28, 2024, quarter at 70.38%, showcasing a strong performance during that period.
Overall, Deere & Company's return on total capital trend suggests effective capital allocation and operational performance, which bodes well for the company's financial health and potential for future growth.
Peer comparison
Oct 27, 2024