Deere (BSP:DEEC34) Days Payable : 42.76 (As of Jan. 2024)

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What is Deere Days Payable?

Deere's average Accounts Payable for the three months ended in Jan. 2024 was R$16,594 Mil. Deere's Cost of Goods Sold for the three months ended in Jan. 2024 was R$35,411 Mil. Hence, Deere's Days Payable for the three months ended in Jan. 2024 was 42.76.

The historical rank and industry rank for Deere's Days Payable or its related term are showing as below:

BSP:DEEC34' s Days Payable Range Over the Past 10 Years
Min: 27.83 Med: 30.95 Max: 36.28
Current: 33.85

During the past 13 years, Deere's highest Days Payable was 36.28. The lowest was 27.83. And the median was 30.95.

BSP:DEEC34's Days Payable is ranked worse than
89.76% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 70.05 vs BSP:DEEC34: 33.85

Deere's Days Payable declined from Jan. 2023 (43.45) to Jan. 2024 (42.76). It may suggest that Deere accelerated paying its suppliers.

Deere Days Payable Historical Data

The historical data trend for Deere's Days Payable 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.

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Deere Days Payable Chart

Deere Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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28.83

25.81

31.92

37.18

36.13

Deere Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															43.45	31.55	33.93	31.23	42.76

Competitive Comparison of Deere's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Deere's Days Payable, along with its competitors' market caps and Days Payable 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's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Days Payable distribution charts can be found below:

* The bar in red indicates where Deere's Days Payable falls into.

Deere Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Deere's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (20451.677	+	17528.805)	/	2 )	/	191830.958	*	365
=	18990.241					/	191830.958	*	365
=	36.13

Deere's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (17528.805	+	15659.549)	/	2 )	/	35411.04	*	365 / 4
=	16594.177					/	35411.04	*	365 / 4
=	42.76

Deere Days Payable Related Terms

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Deere (BSP:DEEC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Deere & Co (BSP:DEEC34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DE:USA DE:Mexico 1DE:Italy DCOd:UK DCO:Germany DEER:Austria DE:Argentina

Address

One John Deere Place, Moline, IL, USA, 61265

Website

https://www.deere.com

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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