The TJX Companies Inc (TJX)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.79 | 12.17 | 10.00 | 6.72 | 14.28 | |
| Number of days of payables | days | 28.55 | 29.99 | 36.50 | 54.32 | 25.56 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.79
= 28.55
The analysis of The TJX Companies Inc's number of days of payables reveals a fluctuating trend over the past five years. In the most recent fiscal year, as of February 3, 2024, the company took approximately 28.55 days to pay its payables, showing an improvement from the previous year. The decrease in the number of days of payables indicates that the company is managing its payables more efficiently or negotiating better terms with its suppliers.
Comparing this to previous years, there has been a decreasing trend in the number of days of payables, indicating improved liquidity management or stronger bargaining power with suppliers. In contrast, the number of days of payables was highest in January 30, 2021, at 54.32 days, suggesting a longer time taken to settle payables that year.
Overall, a lower number of days of payables is generally favorable as it signifies that the company is able to fund its obligations promptly and may be benefiting from more favorable payment terms. The improving trend in The TJX Companies Inc's number of days of payables reflects potential enhancements in its working capital management practices or supplier relationships.
Peer comparison
Feb 3, 2024