Deere (DE) COGS-to-Revenue

: 0.61 (As of Jan. 2024)

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Deere's Cost of Goods Sold for the three months ended in Jan. 2024 was $7,200 Mil. Its Revenue for the three months ended in Jan. 2024 was $11,846 Mil.

Deere's COGS to Revenue for the three months ended in Jan. 2024 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Deere's Gross Margin % for the three months ended in Jan. 2024 was 39.22%.

Deere COGS-to-Revenue Historical Data

The historical data trend for Deere's COGS-to-Revenue 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 Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

COGS-to-Revenue

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0.70

0.69

0.68

0.69

0.63

Deere Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
COGS-to-Revenue	Get a 7-Day Free Trial															0.64	0.63	0.62	0.64	0.61

Deere COGS-to-Revenue Calculation

Deere's COGS to Revenue for the fiscal year that ended in Oct. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	37942	/	60248
	=	0.63

Deere's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7200	/	11846
	=	0.61

Deere (NYSE:DE) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Deere's Gross Margin % for the three months ended in Jan. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	7200 / 11846
	=	39.22 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Deere COGS-to-Revenue Related Terms

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Deere (DE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Deere & Co (NYSE:DE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

DE:Mexico 1DE:Italy DCOd:UK DCO:Germany DEEC34:Brazil 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.

Executives

Deanna M Kovar	officer: Pres Ag & Turf, Sml Ag & Turf	ONE JOHN DEERE PLACE, MOLINE IL 61265
Ryan D Campbell	officer: Senior Vice President & CFO	ONE JOHN DEERE PLACE, MOLINE IL 61265
Laurence Neil Hunn	director	100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022
Reed Cory J	officer: Pres., John Deere Financial	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
May John C Ii	officer: President, Ag Solutions & CIO	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Pentz Markwart Von	officer: Pres.Ag Div.Europe,Africa,SA	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Tami A. Erwin	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jahmy J Hindman	officer: Sr VP & Chief Technology Offcr	ONE JOHN DEERE PLACE, MOLINE IL 61265
Marc A Howze	officer: Sr. VP & Chief Admin Offcr	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Justin Ryan Rose	officer: Pres, L.C. Sol, Cus Sup & S.M.	ONE JOHN DEERE PLACE, MOLINE IL 61265
Joshua A Jepsen	officer: Senior V.P. & CFO	ONE JOHN DEERE PLACE, MOLINE IL 61265
Felecia J. Pryor	officer: Snr V.P. & Chief People Offcr	3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326
John H Stone	officer: Pres., WW Const & For & Pow Sy	C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Leanne G Caret	director	1000 WILSON BLVD, ARLINGTON VA 22209
Rajesh Kalathur	officer: Sr. VP and CFO	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265