Tractor Supply Company (TSCO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,101,239 | 1,112,736 | 1,126,267 | 1,122,305 | 1,107,226 | 1,130,193 | 1,109,329 | 1,084,573 | 1,088,712 | 1,039,180 | 1,029,443 | 1,002,987 | 997,114 | 911,669 | 877,879 | 846,535 | 748,958 | 757,244 | 688,767 | 569,299 |
| 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 |
| ROA | 11.23% | 11.39% | 11.51% | 11.75% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,101,239K ÷ $9,805,480K
= 11.23%
Tractor Supply Company's return on assets (ROA) has shown a general increasing trend from March 31, 2020, to December 31, 2022, with fluctuations in subsequent periods. The ROA increased steadily from 9.48% in March 2020 to a peak of 13.13% in September 30, 2022, indicating improved efficiency in generating profits from its assets.
However, the ROA started to decrease slightly from December 31, 2022, to December 31, 2024, settling at 11.23% by the end of the period. This decline may suggest challenges in maintaining or further improving asset utilization and profitability.
Overall, Tractor Supply Company has maintained a relatively strong ROA performance, reflecting effective asset management and profitability during the period under review. Further analysis and comparison with industry benchmarks can provide more insights into the company's financial performance.
Peer comparison
Dec 31, 2024