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Tractor Supply earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score49 / 100 · grade D · rank 892 of 1027
Tractor Supply (TSCO) scores 49 of 100 for earnings quality, grade D: rank 892 of 1027 companies and 132 of 141 in consumer-disc. It loses the most points on adjusted earnings 86% above GAAP, Montier C-score 3 of 5 checks failed, accruals of -5.2% of assets, lower than 60% of companies (profit backed by cash). It earns full or near-full marks for profit steadier than cash flow (smoothness 0.58).
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of -5.2% of assets, lower than 60% of companies (profit backed by cash) | 17 | 29 |
| Montier C-score | Montier C-score 3 of 5 checks failed | 9 | 21 |
| Discretionary accruals | discretionary accruals of -2.7% of assets (modified Jones), smaller than most | 8 | 14 |
| Piotroski F-score | Piotroski F-score 6 of 9 | 10 | 14 |
| Non-GAAP gap | adjusted earnings 86% above GAAP | 0 | 14 |
| Earnings smoothness | profit steadier than cash flow (smoothness 0.58) | 5 | 7 |
How the score is built
Eight published measures, each scored against the whole universe or on its own scale and weighted: accruals 20, discretionary accruals 10, Beneish M 15, Dechow F 15, Montier C 15, Piotroski F 10, the non-GAAP gap 10, smoothness 5. A measure that cannot be computed (Beneish for a bank, say) drops out and the rest is rescaled, so every company is scored on what applies to it.
Every company ranked → The full quality workbench, live → Tractor Supply: cash flow →
Computed from the companies’ own XBRL filings (latest fiscal year) by published formulas; a statistical screen, not an audit or an accusation. A low score means the reported profit shows more of the markers of managed or low-quality earnings than its peers. Not investment advice.