The TJX Companies Inc (TJX)

Payables 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
Payables	US$ in thousands	—	—	—	—	—	—	5,425,000	—	4,438,000	—	4,304,000	—	3,794,000	—	4,993,000	—	4,085,000	—	—	4,465,000
Payables turnover		—	—	—	—	—	—	7.46	—	9.28	—	10.23	—	11.09	—	7.68	—	10.41	—	—	9.39

January 31, 2025 calculation

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

The payables turnover ratio is a financial metric that measures how efficiently a company is managing its accounts payable. It is calculated by dividing the total purchases made on credit by the average accounts payable during a specific period.

Based on the data provided for The TJX Companies Inc, the payables turnover ratio fluctuated over the reported periods. The ratio was 9.39 on January 29, 2022, increased to 10.41 on July 30, 2022, then decreased to 7.68 on October 29, 2022. Subsequently, there was an upward trend with ratios of 11.09 on January 28, 2023, and 10.23 on April 29, 2023.

However, the payables turnover ratio declined to 9.28 on July 29, 2023, and further decreased to 7.46 on October 28, 2023. The ratio was not reported for the periods after October 31, 2023.

Overall, the payables turnover ratios indicate fluctuations in how efficiently The TJX Companies Inc is managing its accounts payable during the reported periods. Further analysis may be needed to understand the reasons behind these fluctuations and their implications for the company's financial health and working capital management.