Tractor Supply Company (TSCO)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,813,780 | 9,736,660 | 9,606,810 | 9,476,480 | 9,327,530 | 9,603,500 | 9,546,990 | 9,477,570 | 9,315,870 | 8,871,830 | 8,699,460 | 8,413,020 | 8,253,960 | 7,937,990 | 7,663,990 | 7,369,430 | 6,858,810 | 6,426,050 | 6,057,330 | 5,570,860 |
| Inventory | US$ in thousands | 2,840,180 | 3,082,520 | 3,000,030 | 3,048,720 | 2,645,850 | 2,834,250 | 2,660,050 | 3,030,710 | 2,709,600 | 2,678,190 | 2,485,140 | 2,568,180 | 2,191,190 | 2,199,770 | 1,992,820 | 2,084,680 | 1,783,270 | 1,915,040 | 1,688,510 | 1,905,910 |
| Inventory turnover | 3.46 | 3.16 | 3.20 | 3.11 | 3.53 | 3.39 | 3.59 | 3.13 | 3.44 | 3.31 | 3.50 | 3.28 | 3.77 | 3.61 | 3.85 | 3.54 | 3.85 | 3.36 | 3.59 | 2.92 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,813,780K ÷ $2,840,180K
= 3.46
Tractor Supply Company's inventory turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio measures how efficiently the company manages its inventory by indicating how many times the inventory is sold and replaced over a specific period.
From 2020 to 2024, Tractor Supply Company's inventory turnover ranged from a low of 2.92 to a high of 3.85. The highest inventory turnover was observed on December 31, 2020, and June 30, 2021, indicating that the company was able to sell and replace its inventory more frequently during these periods.
Overall, the trend in inventory turnover shows some variability, with fluctuations between 3.11 and 3.85. It is important to monitor inventory turnover regularly as it can provide insights into the company's sales performance, demand forecasting, and inventory management efficiency. Tractor Supply Company's inventory turnover ratio suggests that, on average, the company has been able to effectively manage its inventory turnover throughout the period.
Peer comparison
Dec 31, 2024
Dec 31, 2024