Tractor Supply Company (TSCO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,467,531 | 1,483,417 | 1,499,723 | 1,497,597 | 1,478,912 | 1,503,887 | 1,469,394 | 1,435,097 | 1,434,943 | 1,368,787 | 1,359,600 | 1,320,448 | 1,306,698 | 1,198,111 | 1,153,063 | 1,114,926 | 996,928 | 1,002,899 | 912,539 | 752,350 |
| 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 |
| Operating ROA | 14.97% | 15.19% | 15.33% | 15.67% | 16.10% | 16.34% | 16.27% | 16.22% | 16.90% | 17.30% | 17.28% | 17.18% | 16.82% | 15.47% | 15.00% | 15.15% | 14.14% | 14.62% | 13.80% | 12.53% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,467,531K ÷ $9,805,480K
= 14.97%
The operating return on assets (operating ROA) of Tractor Supply Company has shown a consistent upward trend from March 31, 2020, to December 31, 2022, increasing from 12.53% to 16.90%. During this period, the company's operational efficiency in generating profits from its assets improved steadily.
However, there was a slight decline in operating ROA from December 31, 2022, to December 31, 2024, with the ratio decreasing from 16.90% to 14.97%. This decline indicates a potential decrease in the company's ability to generate profits from its operational assets during this period.
Overall, despite the slight decline in recent periods, Tractor Supply Company has shown a generally positive trend in its operating ROA, indicating efficient utilization of its assets to generate operating profits. Monitoring this ratio going forward will be important to assess the company's operational performance and asset management capabilities.
Peer comparison
Dec 31, 2024