Tractor Supply Co (BSP:T1SC34) ROCE % : 15.11% (As of Mar. 2024)

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What is Tractor Supply Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tractor Supply Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.11%.

Tractor Supply Co ROCE % Historical Data

The historical data trend for Tractor Supply Co's ROCE % 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.

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Tractor Supply Co ROCE % Chart

Tractor Supply Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.48

23.38

24.82

23.41

21.82

Tractor Supply Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.45	32.50	20.11	19.16	15.11

Tractor Supply Co ROCE % Calculation

Tractor Supply Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	7246.373	/	( ( (44533.394 - 12464.182)	+	(45020.102 - 10667.266) )	/ 2 )
	=	7246.373	/	( (32069.212	+	34352.836)	/ 2 )
	=	7246.373	/	33211.024
	=	21.82 %

Tractor Supply Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	5241.24	/	( ( (45020.102 - 10667.266)	+	(47581.76 - 12537.916) )	/ 2 )
	=	5241.24	/	( ( 34352.836	+	35043.844 )	/ 2 )
	=	5241.24	/	34698.34
	=	15.11 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Tractor Supply Co (BSP:T1SC34) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tractor Supply Co ROCE % Related Terms

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Tractor Supply Co (BSP:T1SC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tractor Supply Co (BSP:T1SC34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TSCO:USA TSCO1:Mexico TR4:Germany TSCO:Austria

Address

5401 Virginia Way, Brentwood, TN, USA, 37027

Website

https://www.tractorsupply.com

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%).

Tractor Supply Co (BSP:T1SC34) Headlines

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