Tractor Net Profit Margin vs Operating Profit Margin 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 Net Profit Margin and its Operating Profit Margin 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.
Net Profit Margin vs Operating Profit Margin
Net Profit Margin vs Operating Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tractor Supply Net Profit Margin account and Operating Profit Margin. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Tractor Supply's Net Profit Margin and Operating Profit Margin is 0.94. Overlapping area represents the amount of variation of Net Profit Margin that can explain the historical movement of Operating Profit Margin 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 Net Profit Margin and Operating Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Profit Margin of Tractor Supply are associated (or correlated) with its Operating Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Profit Margin has no effect on the direction of Net Profit Margin i.e., Tractor Supply's Net Profit Margin and Operating Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Profit Margin
The percentage of revenue left after all expenses have been deducted from sales. The measure is calculated by dividing net profit by revenue.Operating Profit Margin
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 |
Tractor Supply fundamental ratios Correlations
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Tractor Supply Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against Tractor Stock
| 0.43 | VC | Visteon Corp | PairCorr |
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| 0.35 | SAH | Sonic Automotive | PairCorr |
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.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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.