The TJX Companies Inc (TJX)

Fixed asset turnover

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Revenue	US$ in thousands	56,360,000	54,112,000	54,217,000	49,936,000	50,045,000
Property, plant and equipment	US$ in thousands	—	6,571,000	—	14,869,000	5,783,000
Fixed asset turnover		—	8.23	—	3.36	8.65

January 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $56,360,000K ÷ $—K
= —

The fixed asset turnover ratio measures a company's efficiency in generating revenue from its fixed assets. Looking at the data provided for The TJX Companies Inc, we observe the following:

1. January 28, 2023: The fixed asset turnover ratio was 8.65, indicating that for every dollar invested in fixed assets, the company generated $8.65 in revenue. This suggests that TJX efficiently utilized its fixed assets to generate sales during this period.

2. January 31, 2023: The fixed asset turnover ratio decreased to 3.36. The decline in this ratio may indicate a decrease in efficiency in utilizing fixed assets to generate sales compared to the previous period.

3. January 31, 2024: The data is marked as "—", which could imply that the fixed asset turnover ratio for this period is not available or not applicable.

4. February 3, 2024: The fixed asset turnover ratio improved to 8.23, approaching the levels seen in January 28, 2023. This indicates a potential rebound in the efficiency of TJX in generating revenue from its fixed assets.

5. January 31, 2025: The data is marked as "—", suggesting that the fixed asset turnover ratio for this period is not provided.

In conclusion, based on the available data, The TJX Companies Inc experienced fluctuations in its fixed asset turnover ratio over the reported periods. The company displayed both high efficiency in utilizing fixed assets to generate revenue and periods of potential inefficiency. Tracking this ratio over time can help assess the company's operational performance and asset utilization efficiency.