The TJX Companies Inc (TJX)
Inventory turnover
| Jan 31, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 39,112,000 | 39,225,000 | 38,742,000 | 41,079,000 | 41,250,000 | 41,235,000 | 40,470,000 | 39,365,000 | 41,186,700 | 43,801,400 | 44,051,400 | 44,246,900 | 42,086,750 | 38,749,450 | 38,348,660 | 37,635,660 | 42,512,510 | 40,601,640 | 43,510,630 | 41,944,260 |
| Inventory | US$ in thousands | 6,421,000 | 8,371,000 | 6,470,000 | 6,218,000 | 5,965,000 | 8,285,000 | 8,285,000 | 6,585,000 | 6,585,000 | 6,441,000 | 6,441,000 | 5,819,000 | 5,819,000 | 8,328,680 | 8,329,000 | 7,083,260 | 7,083,000 | 6,989,790 | 5,962,000 | 5,962,000 |
| Inventory turnover | 6.09 | 4.69 | 5.99 | 6.61 | 6.92 | 4.98 | 4.88 | 5.98 | 6.25 | 6.80 | 6.84 | 7.60 | 7.23 | 4.65 | 4.60 | 5.31 | 6.00 | 5.81 | 7.30 | 7.04 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $39,112,000K ÷ $6,421,000K
= 6.09
The inventory turnover for The TJX Companies Inc fluctuated over the periods analyzed. The ratio indicates how efficiently the company manages its inventory by measuring the number of times inventory is sold and replaced over a specific timeframe.
The inventory turnover ranged from a low of 4.60 on October 29, 2022, to a high of 7.60 on January 31, 2023. Generally, a higher inventory turnover is considered more favorable as it suggests that the company is effectively selling its inventory.
Noteworthy points include a dip in inventory turnover from July 31, 2022 (5.31) to October 29, 2022 (4.60), which may suggest potential inventory management challenges during that period. However, there was a subsequent increase in inventory turnover, reaching a peak on January 31, 2023 (7.60), indicating improved inventory management.
Overall, The TJX Companies Inc has shown varying levels of efficiency in managing its inventory turnover, with some periods exhibiting stronger performance than others. Further analysis and comparison with industry averages can provide additional insights into the company's inventory management strategies.
Peer comparison
Jan 31, 2025
Jan 31, 2025