Tractor Supply Company (TSCO)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 562,354 | 555,026 | 549,677 | 537,756 |
| Total assets | US$ in thousands | 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 | 5,289,270 | 5,429,300 | 5,312,720 | 5,437,200 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,107,226K ÷ $9,188,150K
= 12.05%
Tractor Supply Company's return on assets (ROA) has shown relatively stable performance over the past several quarters. The ROA ranged between 9.48% and 13.13% in the most recent periods. The highest ROA of 13.13% was recorded in September 2022, indicating efficient utilization of assets to generate profits.
Overall, the ROA has generally remained above 10% in recent quarters, reflecting the company's ability to generate earnings from its assets. This suggests that Tractor Supply Company has been effectively utilizing its assets to generate profits, which is a positive sign for investors and stakeholders. However, it is worth noting that there was a slight dip in ROA in the most recent quarter compared to the previous quarter, which may warrant further investigation to understand the underlying factors affecting the company's asset efficiency and profitability.
Peer comparison
Dec 31, 2023