Tractor Supply Company (TSCO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,228,220 | 4,972,200 | 4,477,150 | 3,761,550 | 2,871,770 |
| Revenue | US$ in thousands | 14,555,700 | 14,204,700 | 12,731,100 | 10,620,400 | 8,351,930 |
| Gross profit margin | 35.92% | 35.00% | 35.17% | 35.42% | 34.38% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,228,220K ÷ $14,555,700K
= 35.92%
The gross profit margin of Tractor Supply Company has shown relatively stable performance over the past five years. With a slight fluctuation within a narrow range, the company's gross profit margin averaged around 35%. This indicates that Tractor Supply has been effectively managing its production and distribution costs in relation to its revenues during this period. The consistent gross profit margin suggests that the company has been able to maintain a healthy balance between generating revenue and controlling the direct costs associated with its sales. Overall, the trend in gross profit margin reflects operational efficiency and effectiveness in managing cost of goods sold across multiple fiscal years.
Peer comparison
Dec 31, 2023