The TJX Companies Inc (TJX)

Receivables 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
Revenue (ttm)	US$ in thousands	54,112,000	52,435,200	51,336,500	50,421,500	50,045,000	49,201,000	49,566,600	49,558,400	48,238,600	45,096,600	42,682,000	37,514,780	31,836,970	33,400,270	33,734,270	36,848,290	41,716,980	40,637,780	40,012,240	39,561,760
Receivables	US$ in thousands	588,000	696,000	696,000	633,000	682,000	713,046	667,813	630,015	632,160	701,809	737,337	685,388	497,401	649,380	749,853	654,106	433,230	625,285	556,182	431,784
Receivables turnover		92.03	75.34	73.76	79.65	73.38	69.00	74.22	78.66	76.31	64.26	57.89	54.74	64.01	51.43	44.99	56.33	96.29	64.99	71.94	91.62

February 3, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $54,112,000K ÷ $588,000K
= 92.03

The receivables turnover ratio for The TJX Companies Inc fluctuated over the past few years, ranging from a low of 44.99 to a high of 96.29. This ratio measures how efficiently the company is collecting payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments quickly, which is generally a positive sign.

Analyzing the trend, we can see that there has been some variability in the receivables turnover ratio over time, with occasional spikes and dips. However, the overall trend seems to show an improvement in the company's collection efficiency, as the ratio has generally been increasing over the periods analyzed.

It is important for investors and stakeholders to monitor the receivables turnover ratio as it provides insights into the company's cash flow and liquidity. A consistent and increasing ratio is a positive indicator of the company's ability to manage its accounts receivable effectively.