Tractor Supply Company (TSCO)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.53 | 3.39 | 3.59 | 3.10 | 3.41 | 3.28 | 3.47 | 3.28 | 3.77 | 7.13 | 7.73 | 7.25 | 8.19 | 3.36 | 3.59 | 2.92 | 3.42 | 3.00 | 3.11 | 2.82 | |
| DOH | days | 103.54 | 107.72 | 101.70 | 117.75 | 107.12 | 111.23 | 105.28 | 111.42 | 96.90 | 51.21 | 47.21 | 50.35 | 44.58 | 108.77 | 101.75 | 124.87 | 106.75 | 121.47 | 117.46 | 129.65 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.53
= 103.54
The days of inventory on hand (DOH) for Tractor Supply Company have shown variability over the past few quarters. The DOH has ranged from a low of 44.58 days in March 2021 to a high of 129.65 days in March 2019. Over the most recent quarter reported, the DOH was 103.54 days, indicating a moderate level of inventory on hand relative to sales.
It is worth noting that there was a significant decrease in the DOH from 129.65 days in March 2019 to 44.58 days in March 2021, suggesting improvements in inventory management efficiency during this period. However, the DOH has since fluctuated, with some quarters showing higher levels compared to others.
Analyzing the trend in DOH over time can provide insights into Tractor Supply Company's inventory management practices and efficiency in managing inventory levels relative to sales. Further investigation into the reasons behind fluctuations in the DOH could help assess the effectiveness of the company's inventory management strategies and their impact on overall performance.
Peer comparison
Dec 31, 2023