Tractor Supply Company (TSCO)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 108.62 | 119.84 | 115.63 | 123.17 | 109.28 | 119.57 | 116.57 | 118.73 | 103.54 | 107.72 | 101.70 | 116.72 | 106.16 | 110.18 | 104.27 | 111.42 | 96.90 | 101.15 | 94.91 | 103.25 |
| Days of sales outstanding (DSO) | days | 0.64 | — | — | — | 0.53 | 0.36 | — | — | 0.06 | — | — | 0.07 | — | 0.23 | — | 0.25 | 0.49 | 0.20 | — | — |
| Number of days of payables | days | 48.98 | 57.08 | 56.84 | 59.75 | 47.56 | 52.36 | 55.82 | 59.03 | 46.17 | 53.67 | 48.64 | 58.79 | 54.79 | 50.18 | 53.73 | 58.21 | 51.10 | 55.08 | 58.19 | 58.54 |
| Cash conversion cycle | days | 60.27 | 62.77 | 58.79 | 63.41 | 62.24 | 67.57 | 60.75 | 59.70 | 57.43 | 54.05 | 53.06 | 57.99 | 51.38 | 60.24 | 50.54 | 53.47 | 46.28 | 46.27 | 36.71 | 44.71 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 108.62 + 0.64 – 48.98
= 60.27
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
Tractor Supply Company
TSCO
60.27
MarineMax Inc
HZO
206.97
Sally Beauty Holdings Inc
SBH
167.03