GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tractor Supply Co (NAS:TSCO) » Definitions » Gross Property, Plant and Equipment

Tractor Supply Co (Tractor Supply Co) Gross Property, Plant and Equipment

: $7,871 Mil (As of Dec. 2023)
View and export this data going back to 1994. Start your Free Trial

Tractor Supply Co's quarterly gross PPE increased from Jun. 2023 ($5,143 Mil) to Sep. 2023 ($5,359 Mil) and increased from Sep. 2023 ($5,359 Mil) to Dec. 2023 ($7,871 Mil).

Tractor Supply Co's annual gross PPE increased from Dec. 2021 ($6,209 Mil) to Dec. 2022 ($7,054 Mil) and increased from Dec. 2022 ($7,054 Mil) to Dec. 2023 ($7,871 Mil).


Tractor Supply Co Gross Property, Plant and Equipment Historical Data

The historical data trend for Tractor Supply Co's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tractor Supply Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,740.29 5,254.22 6,209.25 7,053.72 7,870.68

Tractor Supply Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Property, Plant and Equipment Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,053.72 5,095.38 5,143.27 5,358.59 7,870.68

Tractor Supply Co Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Tractor Supply Co  (NAS:TSCO) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Tractor Supply Co Gross Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Tractor Supply Co's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Tractor Supply Co (Tractor Supply Co) Business Description

Address
5401 Virginia Way, Brentwood, TN, USA, 37027
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,198 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (to be converted to Tractor Supply banners), along with 195 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2022, revenue consisted primarily of livestock and pet (50%), hardware, tools, and truck (19%), and seasonal gift and toy (21%).
Executives
Joy Brown director TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Kurt D Barton officer: SVP Chief Financial Officer 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Margaret M Ham director 14100 MCCORD RD., HUNTERSVILLE NC 28078
Jonathan S Estep officer: SVP General Merchandising TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Robert D Mills officer: SVP-Chief Information Officer TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Yankee Colin officer: EVP Supply Chain TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Melissa Kersey officer: EVP Chief HR Officer TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Noni L Ellison officer: SVP General Counsel TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Matthew L. Rubin officer: SVP Petsense GM TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Lawton Iii Harry A director, officer: President & CEO C/O EBAY INC., 2065, SAN JOSE CA 95125
Edna Morris director TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Mark J Weikel director 4743 ENGLISH PLEAASURE DRIVE, MASON OH 45040
Kimberley S. Gardiner officer: SVP Chief Marketing Officer 3845 PACIFIC STREET, LONG BEACH CA 90807
Andre J Hawaux director 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Cynthia T Jamison director TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027