Tractor Free Cash Flow vs Change To Inventory Analysis

TSCO Stock

USD 281.71 8.08 2.95%

Tractor Supply financial indicator trend analysis is much more than just breaking down Tractor Supply prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tractor Supply is a good investment. Please check the relationship between Tractor Supply Free Cash Flow and its Change To Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tractor Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Tractor Stock, please use our How to Invest in Tractor Supply guide.

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tractor Supply Free Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Tractor Supply's Free Cash Flow and Change To Inventory is -0.19. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Tractor Supply, assuming nothing else is changed. The correlation between historical values of Tractor Supply's Free Cash Flow and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Tractor Supply are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Free Cash Flow i.e., Tractor Supply's Free Cash Flow and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from Tractor Supply's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tractor Supply current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tractor Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Tractor Stock, please use our How to Invest in Tractor Supply guide.At this time, Tractor Supply's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Issuance Of Capital Stock is likely to grow to about 57.7 M, while Tax Provision is likely to drop about 268.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	26.6M	30.6M	46.5M	48.8M
Depreciation And Amortization	270.2M	343.1M	393.0M	412.7M

Interest Expense Depreciation And Amortization

Tractor Supply fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock	Other Liab
Total Assets		0.98	0.5	0.99	0.89	0.99	0.97	0.98	0.97	0.59	0.99	0.04	0.59	-0.44	-0.49	0.99	0.95	0.95	-0.97	1.0	0.97	0.93	0.65	0.83	0.39	0.25
Short Long Term Debt Total	0.98		0.42	0.96	0.8	0.99	0.99	0.94	0.93	0.59	0.99	-0.01	0.59	-0.48	-0.35	1.0	0.89	0.9	-0.95	1.0	0.92	0.95	0.53	0.84	0.27	0.09
Other Current Liab	0.5	0.42		0.58	0.59	0.45	0.4	0.49	0.62	0.35	0.45	-0.11	0.35	-0.24	-0.57	0.42	0.57	0.57	-0.47	0.47	0.58	0.18	0.49	0.09	0.61	0.54
Total Current Liabilities	0.99	0.96	0.58		0.91	0.97	0.95	0.98	0.99	0.57	0.97	0.02	0.57	-0.43	-0.52	0.96	0.97	0.96	-0.97	0.98	0.97	0.89	0.67	0.75	0.44	0.3
Total Stockholder Equity	0.89	0.8	0.59	0.91		0.84	0.78	0.93	0.91	0.52	0.85	0.24	0.52	-0.29	-0.8	0.81	0.95	0.89	-0.86	0.84	0.94	0.76	0.88	0.7	0.68	0.58
Property Plant And Equipment Net	0.99	0.99	0.45	0.97	0.84		0.99	0.96	0.95	0.54	1.0	-0.01	0.54	-0.45	-0.42	1.0	0.93	0.93	-0.96	1.0	0.93	0.94	0.59	0.84	0.33	0.15
Net Debt	0.97	0.99	0.4	0.95	0.78	0.99		0.94	0.92	0.45	0.99	-0.1	0.45	-0.49	-0.33	0.99	0.9	0.91	-0.96	0.98	0.88	0.94	0.53	0.85	0.25	0.08
Retained Earnings	0.98	0.94	0.49	0.98	0.93	0.96	0.94		0.97	0.48	0.97	0.05	0.48	-0.46	-0.57	0.95	0.99	0.96	-0.98	0.96	0.96	0.9	0.74	0.83	0.48	0.37
Accounts Payable	0.97	0.93	0.62	0.99	0.91	0.95	0.92	0.97		0.56	0.95	0.02	0.56	-0.44	-0.55	0.94	0.97	0.97	-0.96	0.96	0.97	0.85	0.68	0.71	0.48	0.37
Cash	0.59	0.59	0.35	0.57	0.52	0.54	0.45	0.48	0.56		0.53	0.5	1.0	-0.18	-0.27	0.59	0.42	0.41	-0.46	0.59	0.69	0.52	0.29	0.38	0.24	0.11
Non Current Assets Total	0.99	0.99	0.45	0.97	0.85	1.0	0.99	0.97	0.95	0.53		-0.02	0.53	-0.46	-0.42	0.99	0.93	0.93	-0.97	1.0	0.93	0.94	0.6	0.85	0.33	0.16
Non Currrent Assets Other	0.04	-0.01	-0.11	0.02	0.24	-0.01	-0.1	0.05	0.02	0.5	-0.02		0.5	0.17	-0.37	-0.01	0.01	-0.14	0.02	0.0	0.18	0.11	0.32	-0.03	0.43	0.19
Cash And Short Term Investments	0.59	0.59	0.35	0.57	0.52	0.54	0.45	0.48	0.56	1.0	0.53	0.5		-0.18	-0.27	0.59	0.42	0.41	-0.46	0.59	0.69	0.52	0.29	0.38	0.24	0.11
Net Receivables	-0.44	-0.48	-0.24	-0.43	-0.29	-0.45	-0.49	-0.46	-0.44	-0.18	-0.46	0.17	-0.18		-0.08	-0.46	-0.41	-0.42	0.53	-0.46	-0.38	-0.38	-0.1	-0.42	-0.12	-0.01
Common Stock Shares Outstanding	-0.49	-0.35	-0.57	-0.52	-0.8	-0.42	-0.33	-0.57	-0.55	-0.27	-0.42	-0.37	-0.27	-0.08		-0.36	-0.64	-0.55	0.44	-0.41	-0.61	-0.32	-0.87	-0.33	-0.77	-0.77
Non Current Liabilities Total	0.99	1.0	0.42	0.96	0.81	1.0	0.99	0.95	0.94	0.59	0.99	-0.01	0.59	-0.46	-0.36		0.9	0.91	-0.95	1.0	0.93	0.94	0.54	0.85	0.27	0.11
Inventory	0.95	0.89	0.57	0.97	0.95	0.93	0.9	0.99	0.97	0.42	0.93	0.01	0.42	-0.41	-0.64	0.9		0.98	-0.96	0.93	0.95	0.84	0.78	0.76	0.53	0.46
Other Current Assets	0.95	0.9	0.57	0.96	0.89	0.93	0.91	0.96	0.97	0.41	0.93	-0.14	0.41	-0.42	-0.55	0.91	0.98		-0.95	0.93	0.92	0.84	0.65	0.75	0.41	0.39
Other Stockholder Equity	-0.97	-0.95	-0.47	-0.97	-0.86	-0.96	-0.96	-0.98	-0.96	-0.46	-0.97	0.02	-0.46	0.53	0.44	-0.95	-0.96	-0.95		-0.97	-0.92	-0.9	-0.63	-0.82	-0.39	-0.29
Total Liab	1.0	1.0	0.47	0.98	0.84	1.0	0.98	0.96	0.96	0.59	1.0	0.0	0.59	-0.46	-0.41	1.0	0.93	0.93	-0.97		0.95	0.94	0.58	0.83	0.32	0.17
Total Current Assets	0.97	0.92	0.58	0.97	0.94	0.93	0.88	0.96	0.97	0.69	0.93	0.18	0.69	-0.38	-0.61	0.93	0.95	0.92	-0.92	0.95		0.86	0.72	0.74	0.51	0.41
Short Term Debt	0.93	0.95	0.18	0.89	0.76	0.94	0.94	0.9	0.85	0.52	0.94	0.11	0.52	-0.38	-0.32	0.94	0.84	0.84	-0.9	0.94	0.86		0.53	0.86	0.21	0.04
Common Stock Total Equity	0.65	0.53	0.49	0.67	0.88	0.59	0.53	0.74	0.68	0.29	0.6	0.32	0.29	-0.1	-0.87	0.54	0.78	0.65	-0.63	0.58	0.72	0.53		0.55	0.75	0.68
Property Plant And Equipment Gross	0.83	0.84	0.09	0.75	0.7	0.84	0.85	0.83	0.71	0.38	0.85	-0.03	0.38	-0.42	-0.33	0.85	0.76	0.75	-0.82	0.83	0.74	0.86	0.55		0.15	0.13
Common Stock	0.39	0.27	0.61	0.44	0.68	0.33	0.25	0.48	0.48	0.24	0.33	0.43	0.24	-0.12	-0.77	0.27	0.53	0.41	-0.39	0.32	0.51	0.21	0.75	0.15		0.74
Other Liab	0.25	0.09	0.54	0.3	0.58	0.15	0.08	0.37	0.37	0.11	0.16	0.19	0.11	-0.01	-0.77	0.11	0.46	0.39	-0.29	0.17	0.41	0.04	0.68	0.13	0.74

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Tractor Supply Account Relationship Matchups

Tractor Supply fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.3B	7.0B	7.8B	8.5B	9.2B	9.6B
Short Long Term Debt Total	2.7B	3.5B	3.9B	4.3B	5.0B	5.3B
Other Current Liab	293.4M	444.5M	258.8M	618.9M	251.7M	165.4M
Total Current Liabilities	1.2B	1.7B	2.1B	2.4B	2.2B	2.3B
Total Stockholder Equity	1.6B	1.9B	2.0B	2.0B	2.1B	2.3B
Property Plant And Equipment Net	3.4B	3.7B	4.4B	5.0B	5.6B	5.9B
Net Debt	2.6B	2.2B	3.0B	4.1B	4.6B	4.9B
Retained Earnings	3.6B	4.2B	4.9B	5.6B	6.3B	6.6B
Accounts Payable	643.0M	976.1M	1.2B	1.4B	1.2B	1.2B
Cash	84.2M	1.3B	878.0M	202.5M	397.1M	416.9M
Non Current Assets Total	3.5B	3.8B	4.5B	5.3B	5.9B	6.2B
Non Currrent Assets Other	24.1M	30.5M	40.5M	(7.6M)	15.5M	11.7M
Cash And Short Term Investments	84.2M	1.3B	878.0M	202.5M	397.1M	416.9M
Net Receivables	4.1M	(558K)	1.0	17.1M	2.5M	2.3M
Common Stock Shares Outstanding	120.7M	117.4M	115.8M	112.1M	109.7M	120.2M
Liabilities And Stockholders Equity	5.3B	7.0B	7.8B	8.5B	9.2B	9.6B
Non Current Liabilities Total	2.5B	3.4B	3.7B	4.1B	4.9B	5.1B
Inventory	1.6B	1.8B	2.2B	2.7B	2.6B	2.8B
Other Current Assets	100.9M	133.7M	164.1M	245.7M	218.6M	229.5M
Other Stockholder Equity	(2.0B)	(2.3B)	(2.9B)	(3.6B)	(4.1B)	(3.9B)
Total Liab	3.7B	5.1B	5.8B	6.4B	7.0B	7.4B
Total Current Assets	1.8B	3.3B	3.3B	3.2B	3.3B	3.4B
Short Term Debt	311.1M	303.3M	650.4M	349.6M	745.5M	782.8M
Common Stock Total Equity	1.4M	1.4M	1.4M	1.4M	1.6M	1.7M
Property Plant And Equipment Gross	3.4B	3.7B	1.6B	2.1B	7.9B	8.3B
Accumulated Other Comprehensive Income	199K	(3.2M)	1.3M	11.3M	6.8M	7.1M
Common Stock	1.4M	1.4M	1.4M	1.4M	1.4M	785.6K
Other Liab	76.2M	143.2M	105.8M	150.8M	173.4M	96.3M
Other Assets	24.0M	2.5B	57.8M	41.5M	47.8M	45.4M
Long Term Debt	366.5M	984.3M	986.4M	1.2B	1.7B	1.8B
Property Plant Equipment	1.2B	1.2B	4.4B	2.1B	2.4B	2.5B
Treasury Stock	(3.0B)	(3.4B)	(4.2B)	(4.9B)	(4.4B)	(4.2B)
Net Tangible Assets	1.4B	1.9B	1.9B	2.0B	2.3B	1.6B
Retained Earnings Total Equity	3.6B	4.2B	4.9B	5.6B	6.5B	6.8B
Long Term Debt Total	366.5M	984.3M	986.4M	1.2B	1.3B	1.4B
Capital Surpluse	966.7M	1.1B	1.2B	1.3B	1.5B	810.2M

Pair Trading with Tractor Supply

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tractor Supply position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tractor Supply will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tractor Stock

0.66

Home Depot

Pair Corr

Moving against Tractor Stock

0.43	VC	Visteon Corp	Pair Corr
0.39	FL	Foot Locker Earnings Call This Week	Pair Corr
0.35	SAH	Sonic Automotive	Pair Corr

The ability to find closely correlated positions to Tractor Supply could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tractor Supply when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tractor Supply - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tractor Supply to buy it.

The correlation of Tractor Supply is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tractor Supply moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tractor Supply moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Tractor Supply can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Tractor Supply offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tractor Supply's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tractor Supply Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tractor Supply Stock:

How To Invest In Tractor

Details

Is Tractor Stock a good investment?

Details

What is Tractor Supply's Net Worth?

Details

Largest Other Specialty Retail Companies

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Largest Consumer Discretionary Distribution & Retail Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tractor Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Tractor Stock, please use our How to Invest in Tractor Supply guide.

You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Is Other Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tractor Supply. If investors know Tractor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tractor Supply listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.04)

Dividend Share

4.33

Earnings Share

10.28

Revenue Per Share

137.078

Quarterly Revenue Growth

0.016

The market value of Tractor Supply is measured differently than its book value, which is the value of Tractor that is recorded on the company's balance sheet. Investors also form their own opinion of Tractor Supply's value that differs from its market value or its book value, called intrinsic value, which is Tractor Supply's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tractor Supply's market value can be influenced by many factors that don't directly affect Tractor Supply's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Tractor Supply's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tractor Supply is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tractor Supply's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tractor Free Cash Flow vs Change To Inventory Analysis

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Inventory

Tractor Supply fundamental ratios Correlations

Tractor Supply Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tractor Supply fundamental ratios Accounts

Pair Trading with Tractor Supply

Moving together with Tractor Stock

Moving against Tractor Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Other Stockholder Equity	- 0.98	Retained Earnings
Total Liab	- 0.97	Other Stockholder Equity
Other Stockholder Equity	- 0.97	Non Current Assets Total
Other Stockholder Equity	- 0.97	Total Current Liabilities
Other Stockholder Equity	- 0.97	Total Assets
Other Stockholder Equity	- 0.96	Inventory