Days Inventory is also known as Days Sales of Inventory (DSI). Deere's Average Total Inventories for the
three
months ended in Jan. 2024 was $8,578 Mil. Deere's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $7,200 Mil.
Hence, Deere's Days Inventory for the
three
months ended in Jan. 2024 was 108.71.
The historical rank and industry rank for Deere's Days Inventory or its related term are showing as below:
DE'
s Days Inventory Range Over the Past 10 Years
Min: 66 Med: 72.91 Max: 90.79
Current: 90.79
During the past 13 years, Deere's highest Days Inventory was 90.79. The lowest was 66.00. And the median was 72.91.
DE's Days Inventory is ranked better than 70.1% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 132.585
vs DE: 90.79
Deere's Days Inventory
increased
from Jan. 2023 (106.93) to Jan. 2024 (108.71).
It might indicate that Deere's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Deere's Inventory Turnover for the
three
months ended in Jan. 2024 was 0.84.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Deere's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.72.
Deere Days Inventory Historical Data
The historical data trend for Deere's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Deere Annual Data
Trend
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Oct22
Oct23
Days Inventory
81.89
83.92
73.67
78.92
80.61
Deere Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Days Inventory
106.93
84.06
90.37
83.03
108.71
Competitive Comparison
For the Farm & Heavy Construction Machinery subindustry, Deere's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Deere Days Inventory Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Days Inventory distribution charts can be found below:
* The bar in red indicates where Deere's Days Inventory falls into.
Deere Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Deere's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Deere (NYSE:DE) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Deere's Inventory Turnover for the
three
months ended in Jan. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Deere's Inventory to Revenue for the
three
months ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Deere Days Inventory Related Terms
Thank you for viewing the detailed overview of Deere's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.
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