Tractor Supply Company (TSCO)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,101,240 | 1,107,230 | 1,088,710 | 997,114 | 748,958 |
| Total assets | US$ in thousands | 9,805,480 | 9,188,150 | 8,489,990 | 7,767,470 | 7,049,120 |
| ROA | 11.23% | 12.05% | 12.82% | 12.84% | 10.62% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,101,240K ÷ $9,805,480K
= 11.23%
Tractor Supply Company's Return on Assets (ROA) has shown a positive trend over the five-year period analyzed. The ROA increased steadily from 10.62% on December 31, 2020, to a peak of 12.84% on December 31, 2021. Although there was a slight decrease in ROA in 2024 to 11.23%, it remained relatively high compared to the initial value. This indicates that the company has been efficiently utilizing its assets to generate profits. Overall, the consistently positive ROA demonstrates Tractor Supply Company's ability to generate earnings relative to its asset base, reflecting strong asset management and operational efficiency during the period under review.
Peer comparison
Dec 31, 2024