Deere (XSWX:DE) Accounts Receivable : CHF6,697 Mil (As of Jan. 2024)

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What is Deere Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Deere's accounts receivables for the quarter that ended in Jan. 2024 was CHF6,697 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Deere's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 60.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Deere's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was CHF-181.80.

Deere Accounts Receivable Historical Data

The historical data trend for Deere's Accounts Receivable 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 Accounts Receivable Chart

Deere Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Receivable

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5,193.39

3,805.62

3,882.72

6,377.31

6,992.19

Deere Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															7,031.48	8,958.94	8,109.77	6,992.19	6,696.68

Deere Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Deere Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6696.684	/	10176.899	*	91
=	60.05

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Deere's accounts receivable are only considered to be worth 75% of book value:

Deere's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5389.134	+	0.75 * 6696.684	+	0.5 * 7677.777	-	68033.847
-	0	-	89.346)	/	296.322
=	-181.80

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Deere Accounts Receivable Related Terms

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Deere (XSWX:DE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Deere & Co (XSWX:DE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

DE:USA DE:Mexico DCOd:UK DCO:Germany DCO:Germany DCO:Germany DCO:Germany DEEC34:Brazil 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.