The TJX Companies Inc (TJX)
Receivables turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 56,360,000 | 54,112,000 | 54,217,000 | 49,936,000 | 50,045,000 |
| Receivables | US$ in thousands | — | 588,000 | — | — | 682,000 |
| Receivables turnover | — | 92.03 | — | — | 73.38 |
January 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $56,360,000K ÷ $—K
= —
The receivables turnover ratio for The TJX Companies Inc provides insights into the efficiency of the company in collecting outstanding receivables. Based on the available data, the receivables turnover was 73.38 as of January 28, 2023, and increased significantly to 92.03 as of February 3, 2024.
A higher receivables turnover ratio signifies that the company is collecting its accounts receivable more quickly, which is generally positive as it indicates efficient management of credit sales and collection processes. In this case, the increase in the receivables turnover ratio from 2023 to 2024 suggests an improvement in the company's ability to convert credit sales into cash.
However, it is worth noting that there is missing data for January 31, 2023, January 31, 2024, and January 31, 2025, which limits the ability to track the trend of the receivables turnover ratio over a longer period of time. For a more comprehensive analysis, it would be beneficial to have consistent data points to assess the consistency and sustainability of the company's receivables turnover performance.
Peer comparison
Jan 31, 2025