Tractor Supply Company (TSCO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,883,200 | 14,555,700 | 14,204,700 | 12,731,100 | 10,620,400 |
| Total assets | US$ in thousands | 9,805,480 | 9,188,150 | 8,489,990 | 7,767,470 | 7,049,120 |
| Total asset turnover | 1.52 | 1.58 | 1.67 | 1.64 | 1.51 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,883,200K ÷ $9,805,480K
= 1.52
Tractor Supply Company's total asset turnover has shown a fluctuating trend over the five-year period from December 31, 2020, to December 31, 2024. The company's total asset turnover increased from 1.51 in 2020 to 1.67 in 2022, indicating an improvement in its efficiency in generating sales from its total assets. However, there was a slight decrease to 1.58 in 2023 before settling at 1.52 in 2024.
The increasing trend from 2020 to 2022 suggests that Tractor Supply Company became more effective in utilizing its assets to generate revenue during this period. The slight decrease in 2023 and 2024 may indicate potential challenges in maintaining or further enhancing asset productivity.
Overall, the total asset turnover ratio provides insights into how efficiently Tractor Supply Company is utilizing its assets to generate sales. Further analysis would be needed to understand the specific factors influencing the fluctuations in the total asset turnover ratio over the years.
Peer comparison
Dec 31, 2024