TRACTOR SUPPLY (TR4.SG)
TRACTOR SUPPLY (TR4.SG) operates in Diversified Metals & Mining.
TRACTOR SUPPLY (TR4.SG) (TR4) - Net Assets
Latest net assets as of September 2024: €2.29 Billion EUR
Based on the latest financial reports, TRACTOR SUPPLY (TR4.SG) (TR4) has net assets worth €2.29 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€9.77 Billion) and total liabilities (€7.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.29 Billion |
| % of Total Assets | 23.43% |
| Annual Growth Rate | 5.76% |
| 5-Year Change | 37.18% |
| 10-Year Change | N/A |
| Growth Volatility | 7.75 |
TRACTOR SUPPLY (TR4.SG) - Net Assets Trend (2016–2023)
This chart illustrates how TRACTOR SUPPLY (TR4.SG)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TRACTOR SUPPLY (TR4.SG) (2016–2023)
The table below shows the annual net assets of TRACTOR SUPPLY (TR4.SG) from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €2.15 Billion | +5.26% |
| 2022-12-31 | €2.04 Billion | +1.98% |
| 2021-12-31 | €2.00 Billion | +4.10% |
| 2020-12-31 | €1.92 Billion | +22.76% |
| 2019-12-31 | €1.57 Billion | +0.34% |
| 2018-12-31 | €1.56 Billion | +10.09% |
| 2017-12-31 | €1.42 Billion | -2.38% |
| 2016-12-31 | €1.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TRACTOR SUPPLY (TR4.SG)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 147.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.28 Billion | 292.22% |
| Total Equity | €2.15 Billion | 100.00% |
TRACTOR SUPPLY (TR4.SG) Competitors by Market Cap
The table below lists competitors of TRACTOR SUPPLY (TR4.SG) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MKB Nedsense N.V.
LSE:0ML7
|
$386.90K |
|
ACURX PHARMACEUT. DL-001
F:3ZO
|
$386.98K |
|
Elevai Labs, Inc. Common Stock
NASDAQ:ELAB
|
$387.31K |
|
CO.DON AG INH. O.N.
F:CNW
|
$387.77K |
|
KOMATSU
MU:KOM1
|
$386.74K |
|
Rasna Therapeutics Inc
PINK:RASP
|
$385.90K |
|
SNEP
BC:SNEP
|
$385.84K |
|
AdvanceTC Limited
PINK:ATCLF
|
$385.78K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TRACTOR SUPPLY (TR4.SG)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,042,416,000 to 2,149,762,000, a change of 107,346,000 (5.3%).
- Net income of 1,107,226,000 contributed positively to equity growth.
- Dividend payments of 449,620,000 reduced retained earnings.
- Share repurchases of 618,635,000 reduced equity.
- New share issuances of 24,397,000 increased equity.
- Other factors increased equity by 43,978,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.11 Billion | +51.5% |
| Dividends Paid | €449.62 Million | -20.91% |
| Share Repurchases | €618.63 Million | -28.78% |
| Share Issuances | €24.40 Million | +1.13% |
| Other Changes | €43.98 Million | +2.05% |
| Total Change | €- | 5.26% |
Book Value vs Market Value Analysis
This analysis compares TRACTOR SUPPLY (TR4.SG)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.69x to 2.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €11.32 | €41.76 | x |
| 2018-12-31 | €12.82 | €41.76 | x |
| 2019-12-31 | €13.26 | €41.76 | x |
| 2020-12-31 | €16.55 | €41.76 | x |
| 2021-12-31 | €17.70 | €41.76 | x |
| 2022-12-31 | €18.53 | €41.76 | x |
| 2023-12-31 | €19.91 | €41.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TRACTOR SUPPLY (TR4.SG) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 51.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.61%
- • Asset Turnover: 1.58x
- • Equity Multiplier: 4.27x
- Recent ROE (51.50%) is above the historical average (40.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 30.08% | 6.45% | 2.53x | 1.84x | €291.80 Million |
| 2017 | 29.79% | 5.82% | 2.53x | 2.02x | €280.73 Million |
| 2018 | 34.09% | 6.73% | 2.56x | 1.98x | €376.18 Million |
| 2019 | 35.88% | 6.73% | 1.58x | 3.38x | €405.64 Million |
| 2020 | 38.93% | 7.05% | 1.51x | 3.66x | €556.57 Million |
| 2021 | 49.79% | 7.83% | 1.64x | 3.88x | €796.85 Million |
| 2022 | 53.31% | 7.66% | 1.67x | 4.16x | €884.47 Million |
| 2023 | 51.50% | 7.61% | 1.58x | 4.27x | €892.25 Million |
Industry Comparison
This section compares TRACTOR SUPPLY (TR4.SG)'s net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TRACTOR SUPPLY (TR4.SG) (TR4) | €2.29 Billion | 30.08% | 3.27x | $386.81K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |