Tractor Supply Company (TSCO)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 10.16% | 10.09% | 9.95% | 9.91% | 10.10% | 10.13% | 10.25% | 10.19% | 10.26% | 5.98% | 5.88% | 5.81% | 5.43% | 10.10% | 9.80% | 8.86% | 8.90% | 8.84% | 8.85% | 8.82% |
| Pretax margin | 9.84% | 9.79% | 9.67% | 9.66% | 9.89% | 9.93% | 10.05% | 9.98% | 10.05% | 5.84% | 5.73% | 5.65% | 5.27% | 9.84% | 9.55% | 8.63% | 8.66% | 8.61% | 8.61% | 8.59% |
| Net profit margin | 7.61% | 7.58% | 7.52% | 7.49% | 7.66% | 7.69% | 7.76% | 7.74% | 7.83% | 4.55% | 4.47% | 4.41% | 4.08% | 7.62% | 7.40% | 6.71% | 6.73% | 6.69% | 6.71% | 6.68% |
Tractor Supply Company has shown a consistent improvement in profitability ratios over the last few quarters. The gross profit margin has been relatively stable, hovering around 35%, indicating the company's ability to generate profit after accounting for the cost of goods sold.
The operating profit margin has also remained steady, staying above 10% in most quarters. This metric reflects the company's efficiency in managing operating expenses and generating profit from its core business activities.
The pretax margin, which measures profitability before taxes, has shown a slight fluctuation but generally remains above 9%. This indicates Tractor Supply's ability to generate profit before accounting for tax expenses.
The net profit margin, reflecting the company's bottom line profitability after all expenses, has also been on an upward trend, approaching 8% in recent quarters. This suggests that Tractor Supply has been effective in controlling its expenses and improving its overall profitability.
Overall, the consistent improvement in profitability ratios demonstrates Tractor Supply Company's strong financial performance and effective management of its operations.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | 14.05% | 13.50% | 13.64% | 13.07% |
| Return on assets (ROA) | 12.05% | 12.28% | 12.28% | 12.26% | 12.82% | 13.13% | 13.08% | 13.05% | 12.84% | 11.77% | 11.42% | 11.50% | 10.62% | 11.04% | 10.42% | 9.48% | 10.63% | 10.22% | 10.35% | 9.89% |
| Return on total capital | 38.13% | 39.17% | 38.52% | 40.81% | 44.75% | 45.34% | 46.86% | 47.55% | 43.72% | 39.85% | 38.88% | 39.30% | 34.28% | 41.70% | 40.89% | 32.11% | 38.44% | 34.82% | 36.02% | 33.97% |
| Return on equity (ROE) | 51.50% | 53.53% | 53.15% | 56.65% | 53.31% | 53.53% | 53.79% | 56.03% | 49.79% | 45.12% | 44.33% | 45.70% | 38.93% | 40.37% | 40.62% | 42.05% | 35.88% | 37.20% | 35.58% | 36.20% |
Tractor Supply Company's profitability ratios show a generally positive trend over the past few quarters. The Operating Return on Assets (Operating ROA) has remained relatively stable, hovering around the mid to high teens, indicating the company's ability to generate earnings from its asset base. Return on Assets (ROA) also demonstrates a consistent performance in the low double-digit range, reflecting the company's efficiency in utilizing its assets to generate profits.
Return on Total Capital has shown some fluctuations but generally remains at healthy levels, suggesting that Tractor Supply Company has been successful in generating returns for both equity and debt holders. Return on Equity (ROE) has been notably strong, indicating the company's ability to generate profits from shareholders' equity, with a significant increase observed in recent quarters, reaching over 50%.
Overall, Tractor Supply Company's profitability ratios indicate a strong financial performance in terms of generating returns for both shareholders and debt holders, as well as efficiently utilizing its assets to drive profitability.