The TJX Companies Inc (TJX)

Payables turnover

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Cost of revenue	US$ in thousands	39,112,000	49,378,000	37,951,000	36,149,000	46,173,000
Payables	US$ in thousands	—	3,862,000	—	—	3,794,000
Payables turnover		—	12.79	—	—	12.17

January 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $39,112,000K ÷ $—K
= —

Based on the provided data for The TJX Companies Inc payables turnover ratio, we can see fluctuations in the ratio over the years.

As of January 28, 2023, the payables turnover ratio was 12.17 times, indicating that the company took approximately 12.17 days to pay off its accounts payable during that period. This demonstrates a relatively efficient management of payables during that time frame.

There is missing data for January 31, 2023 and January 31, 2024, so we cannot analyze the payables turnover for those specific dates.

On February 3, 2024, the payables turnover ratio increased to 12.79 times, suggesting that the company improved its efficiency in managing payables by paying off accounts payable slightly faster compared to the previous year.

Finally, for January 31, 2025, the payables turnover ratio data is not available.

Overall, it appears that The TJX Companies Inc has been managing its payables efficiently, with fluctuations in the ratio reflecting changes in the company's payables management practices over the years.