The TJX Companies Inc (TJX)
Payables turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 49,378,000 | 47,881,700 | 46,972,200 | 46,249,600 | 46,173,000 | 45,537,700 | 45,862,400 | 45,867,800 | 44,653,030 | 42,138,330 | 40,054,540 | 36,005,000 | 32,412,750 | 33,214,150 | 33,491,700 | 35,546,830 | 38,158,740 | 37,192,840 | 36,642,930 | 36,221,070 |
| Payables | US$ in thousands | 3,862,000 | 5,425,000 | 4,438,000 | 4,304,000 | 3,794,000 | 4,993,000 | 4,085,000 | 4,371,000 | 4,465,000 | 5,443,010 | 4,413,320 | 4,433,300 | 4,823,400 | 6,142,550 | 2,422,140 | 1,071,190 | 2,672,560 | 3,447,440 | 2,607,650 | 2,578,370 |
| Payables turnover | 12.79 | 8.83 | 10.58 | 10.75 | 12.17 | 9.12 | 11.23 | 10.49 | 10.00 | 7.74 | 9.08 | 8.12 | 6.72 | 5.41 | 13.83 | 33.18 | 14.28 | 10.79 | 14.05 | 14.05 |
February 3, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $49,378,000K ÷ $3,862,000K
= 12.79
The payables turnover ratio for The TJX Companies Inc fluctuated over the period analyzed. The ratio measures how efficiently the company is managing its accounts payable by assessing how many times during a period its payables are paid off. A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly.
In the most recent period, the payables turnover ratio was 12.79, which was higher compared to the previous period but consistent with historical performance. This suggests that the company effectively managed its accounts payable during this time frame.
Looking at the trend over the past few years, there have been fluctuations in the payables turnover ratio, with some periods showing higher ratios (such as 13.83, 14.28, and 14.05) indicating more efficient management of payables, while other periods had lower ratios (such as 5.41 and 6.72) suggesting a slower turnover of payables.
It is important for investors and analysts to consider the payables turnover ratio in conjunction with other financial metrics to gain a comprehensive understanding of The TJX Companies Inc's financial performance and operational efficiency.
Peer comparison
Feb 3, 2024