The TJX Companies Inc (TJX)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 54,112,000 | 50,045,000 | 48,238,500 | 31,551,700 | 41,675,600 |
| Receivables | US$ in thousands | 588,000 | 682,000 | 632,160 | 497,401 | 433,230 |
| Receivables turnover | 92.03 | 73.38 | 76.31 | 63.43 | 96.20 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $54,112,000K ÷ $588,000K
= 92.03
The receivables turnover ratio of The TJX Companies Inc has shown a generally increasing trend over the past five years, with values of 92.03 in 2024, 73.38 in 2023, 76.31 in 2022, 63.43 in 2021, and 96.20 in 2020. This indicates that the company has been more efficient in collecting its accounts receivable in recent years. The significant increase from 2021 to 2022 suggests an improvement in the company's ability to collect payments from its customers in a timely manner. The high receivables turnover ratio in 2024 reflects a shorter average collection period, indicating that TJX is efficiently managing its credit sales and receivables. Overall, the upward trend in the receivables turnover ratio is a positive signal of the company's effective credit and collection management.
Peer comparison
Feb 3, 2024