Tractor Supply Company (TSCO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,149,760 | 2,111,130 | 2,087,150 | 1,914,550 | 2,042,420 | 1,941,140 | 1,913,870 | 1,790,020 | 2,002,660 | 2,020,750 | 1,980,110 | 1,852,300 | 1,923,840 | 1,875,870 | 1,695,730 | 1,353,720 | 1,567,120 | 1,491,820 | 1,544,940 | 1,485,580 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,107,226K ÷ $2,149,760K
= 51.50%
Tractor Supply Company's return on equity (ROE) has demonstrated strong performance over the past few quarters, ranging between 35.58% to 56.65%. The company's ROE shows a consistent upward trend, with the latest ROE at 51.50% as of December 31, 2023. This indicates that Tractor Supply is effectively generating profits from its shareholders' equity.
The increasing trend in ROE suggests that Tractor Supply is efficiently utilizing its equity capital to generate earnings growth. A higher ROE reflects the company's ability to generate more profits from every dollar of shareholders' equity, which is a positive indicator of management's effectiveness in maximizing shareholder value.
Overall, the steady increase in Tractor Supply Company's ROE signals strong financial performance and efficient management of resources, which may attract investors seeking companies with a track record of generating high returns on equity.
Peer comparison
Dec 31, 2023