Tractor Supply Company (TSCO)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,228,220 | 5,298,780 | 5,214,120 | 5,085,610 | 4,972,210 | 4,729,170 | 4,648,660 | 4,549,880 | 4,477,150 | 4,352,100 | 4,214,747 | 4,084,077 | 3,761,546 | 3,507,817 | 3,254,100 | 2,918,035 | 2,871,770 | 2,846,302 | 2,805,194 | 2,753,863 |
| Revenue (ttm) | US$ in thousands | 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 | 20,032,230 | 19,620,870 | 19,195,640 | 18,362,490 | 9,933,870 | 9,311,440 | 8,488,890 | 8,351,920 | 8,293,410 | 8,190,890 | 8,050,360 |
| Gross profit margin | 35.92% | 35.56% | 35.32% | 35.12% | 35.00% | 34.99% | 35.05% | 35.10% | 35.17% | 21.73% | 21.48% | 21.28% | 20.48% | 35.31% | 34.95% | 34.37% | 34.38% | 34.32% | 34.25% | 34.21% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,228,220K ÷ $14,555,740K
= 35.92%
Tractor Supply Company's gross profit margin has shown consistency and improvement in recent quarters. The trend indicates a gradual increase in the margin from 20.48% in March 2021 to 35.92% in December 2023. This signifies that the company has been able to effectively manage its production costs and maintain healthy profitability on its goods sold.
The company's ability to sustain a gross profit margin above 35% in the latest quarters reflects efficient operations and effective pricing strategies. This improvement is particularly noteworthy when compared to the margin of around 20% in the earlier quarters of 2021, indicating a significant enhancement in cost control and revenue generation.
Overall, Tractor Supply Company's gross profit margin trend demonstrates positive financial management and operational efficiency, which are important factors contributing to the company's profitability and long-term success.
Peer comparison
Dec 31, 2023