Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
John Deere
John Deere began in 1836 as a repair shop and manufacturer of small tools. In 2012 it was
ranked 97th in the Fortune 500. John Deere is one of the largest manufactures of
agriculture machinery in the world. They have also become a leading manufacturer of
heavy equipment.
John Deere has a main slogan of “Nothing runs like a Deere"
The fiscal year for John Deere ends on October 31st. Over the past few years one of the
main goals for the company is future growth. The plan was to open seven new factories in
their key markets. As of the end of 2013 all 7 had been completed and is set for higher
production numbers in 2014. I believe that this will change their financial position for their
year-end 2014.
While today’s economic outlook may be discouraging, John Deere is committed to
continuing growth and providing solid and reliable products.
Inventories owned by Deere & Co and its US equipment subsidiaries are valued at cost on
the LIFO basis. The property and depreciation are based on weighted averages in useful
lives for years. Deere & Company had some growth in 2013 compared to 2012.
There were not any real significant differences in the financials from 2012 to 2013. The
largest increase was in the debt/equity ratio. I believe this can be explained because of the
construction of the new facilities. Production was complete by the year 2013 and most of
the major production and expenses had come in the previous years.
I would invest in Deere in company mainly because they financial outlook looks solid.
They continue to have growth in the industry and be a major competing factor in
agriculture.
