The TJX Companies Inc (TJX)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | 72.65 | — | 73.05 | — | 83.89 | — | 74.49 | — | 66.28 | — | 76.20 | — | — | 80.56 |
| Payables turnover | — | — | — | — | — | — | 7.46 | — | 9.28 | — | 10.23 | — | 11.09 | — | 7.68 | — | 10.41 | — | — | 9.39 |
| Working capital turnover | 28.42 | 24.16 | 24.51 | 24.00 | 25.17 | 24.03 | 23.34 | 24.29 | 25.16 | 25.58 | 25.76 | 24.86 | 23.62 | 27.36 | 26.93 | 29.00 | 30.15 | 20.95 | 18.88 | 18.25 |
The TJX Companies Inc's inventory turnover ratio has shown some fluctuations over the periods provided, ranging from a low of 4.60 to a high of 7.60. Overall, the trend indicates that the company has effectively managed its inventory turnover, with generally healthy turnover rates.
In contrast, the receivables turnover ratio data is incomplete, as there are several periods where the turnover is not provided. However, from the available data points, it appears that the company has maintained a relatively high turnover rate, with figures ranging from 66.28 to 83.89.
The payables turnover ratio data is also incomplete, with missing values for several periods. However, the available data suggests that the company has been able to manage its payables effectively, with turnover ratios ranging from 7.46 to 11.09.
Lastly, the working capital turnover ratio has shown a relatively stable performance over the periods provided, with values ranging from 18.25 to 30.15. This indicates that the company is efficiently utilizing its working capital to generate revenue.
Overall, based on the activity ratios analyzed, The TJX Companies Inc appears to have efficiently managed its inventory turnover, receivables turnover, payables turnover, and working capital turnover, showcasing effective management of its operational activities.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 59.92 | 77.89 | 60.96 | 55.25 | 52.78 | 73.34 | 74.72 | 61.06 | 58.36 | 53.67 | 53.37 | 48.00 | 50.47 | 78.45 | 79.27 | 68.70 | 60.81 | 62.84 | 50.01 | 51.88 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | 5.02 | — | 5.00 | — | 4.35 | — | 4.90 | — | 5.51 | — | 4.79 | — | — | 4.53 |
| Number of days of payables | days | — | — | — | — | — | — | 48.93 | — | 39.33 | — | 35.66 | — | 32.90 | — | 47.52 | — | 35.07 | — | — | 38.85 |
The Days of Inventory on Hand (DOH) for The TJX Companies Inc fluctuated over the period under review, ranging from a low of around 48 days to a high of approximately 79 days. This indicates variability in how efficiently the company manages its inventory levels.
The Days of Sales Outstanding (DSO) data shows that the company collects its receivables quite promptly, with most periods showing negligible to very low DSO values. This suggests that TJX has effective credit and collection policies in place.
In terms of the Number of Days of Payables, there is also some variability in the company's payment practices, with an average of around 40 days. This could suggest TJX is effectively managing its cash flow by balancing timely payments with taking advantage of potential discounts for early payment.
Overall, the activity ratios indicate that TJX Companies Inc is managing its inventory, receivables, and payables effectively, with room for improvement in inventory management efficiency.
See also:
The TJX Companies Inc Short-term (Operating) Activity Ratios (Quarterly Data)
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 8.07 | — | 8.25 | — | 9.00 | — | 8.79 | — | 8.48 | — | 9.44 | 3.59 | — | 9.66 |
| Total asset turnover | 1.78 | 1.74 | 1.82 | 1.87 | 1.87 | 1.71 | 1.67 | 1.70 | 1.76 | 1.84 | 1.85 | 1.89 | 1.79 | 1.69 | 1.66 | 1.81 | 1.88 | 1.86 | 1.85 | 1.79 |
The Fixed Asset Turnover ratio of The TJX Companies Inc has shown some variation over the past few years, ranging from a low of 3.59 to a high of 9.66. The ratio indicates how efficiently the company is utilizing its fixed assets to generate sales. A higher ratio typically suggests better efficiency in asset utilization.
On the other hand, the Total Asset Turnover ratio has also fluctuated but has generally remained within a narrower range compared to the Fixed Asset Turnover ratio. It has fluctuated between 1.66 and 1.89. This ratio reflects the company's overall efficiency in using its total assets to generate sales.
Overall, the trend in both ratios seems to indicate that The TJX Companies Inc has been effectively utilizing its assets to generate sales, although there have been some fluctuations in efficiency over time. Further analysis and comparison with industry peers may provide more insights into the company's long-term activity performance.
See also:
The TJX Companies Inc Long-term (Investment) Activity Ratios (Quarterly Data)