Tractor Supply Company (TSCO)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,883,220 | 14,769,530 | 14,713,270 | 14,651,350 | 14,555,740 | 14,902,280 | 14,761,100 | 14,479,810 | 14,204,720 | 13,517,620 | 13,264,750 | 12,962,900 | 12,731,110 | 12,290,090 | 11,878,730 | 11,453,500 | 10,620,350 | 9,933,870 | 9,311,440 | 8,488,890 |
| Total assets | US$ in thousands | 9,805,480 | 9,767,900 | 9,784,520 | 9,554,950 | 9,188,150 | 9,205,010 | 9,032,820 | 8,848,820 | 8,489,990 | 7,911,730 | 7,869,190 | 7,686,810 | 7,767,470 | 7,745,190 | 7,687,890 | 7,359,680 | 7,049,120 | 6,860,800 | 6,611,080 | 6,002,400 |
| Total asset turnover | 1.52 | 1.51 | 1.50 | 1.53 | 1.58 | 1.62 | 1.63 | 1.64 | 1.67 | 1.71 | 1.69 | 1.69 | 1.64 | 1.59 | 1.55 | 1.56 | 1.51 | 1.45 | 1.41 | 1.41 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,883,220K ÷ $9,805,480K
= 1.52
Tractor Supply Company's total asset turnover has shown a generally positive trend over the years, increasing from 1.41 as of March 31, 2020, to 1.52 as of December 31, 2024. This indicates the company's ability to generate sales relative to its total assets has improved. The steady growth in total asset turnover suggests more efficient utilization of assets to drive revenue. However, there was a slight dip in total asset turnover from March 31, 2023, to December 31, 2024, which could indicate a temporary slowdown in asset utilization efficiency. Overall, Tractor Supply Company has demonstrated an increasing trend in total asset turnover, showcasing its ability to effectively utilize assets to generate sales.
Peer comparison
Dec 31, 2024