Tractor Supply Company (TSCO)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.91 | 6.80 | 7.50 | 6.15 | 6.60 | 7.21 | 6.73 | 6.27 | 7.14 | 13.09 | 12.61 | 12.79 | 14.96 | 6.08 | 6.04 | 6.27 | 8.52 | 8.01 | 7.90 | 6.75 | |
| Number of days of payables | days | 46.17 | 53.67 | 48.64 | 59.31 | 55.28 | 50.65 | 54.25 | 58.21 | 51.10 | 27.88 | 28.95 | 28.55 | 24.40 | 60.03 | 60.48 | 58.18 | 42.83 | 45.55 | 46.19 | 54.10 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.91
= 46.17
Tractor Supply Company's number of days of payables has shown variability over the past few quarters. The company's number of days of payables stood at 46.17 days as of December 31, 2023, representing the average number of days it takes for the company to pay its trade payables.
Looking at the trend over the last few quarters, the number of days of payables ranged from a low of 24.40 days in March 31, 2021, to a high of 60.48 days in September 30, 2020. This variance suggests fluctuations in the company's payment practices and potentially its relationship with suppliers.
It is important to note that a lower number of days of payables indicates that the company is paying its suppliers more quickly, while a higher number of days of payables suggests that the company is taking longer to pay its trade payables. This metric can provide insights into the company's liquidity management and its relationships with its suppliers.
Peer comparison
Dec 31, 2023