The TJX Companies Inc (TJX)
Total asset 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 |
| Total assets | US$ in thousands | 29,747,000 | 28,349,000 | 28,461,000 | 30,814,000 | 24,145,000 |
| Total asset turnover | 1.82 | 1.77 | 1.69 | 1.02 | 1.73 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $54,112,000K ÷ $29,747,000K
= 1.82
The total asset turnover ratio for The TJX Companies Inc has shown a generally positive trend over the past five fiscal years. From January 30, 2021, to January 28, 2023, there was a steady increase from 1.02 to 1.77, indicating an improvement in the company's ability to generate sales from its total assets.
However, in the most recent fiscal year ending February 3, 2024, there was a slight decrease in the total asset turnover ratio to 1.82 compared to the previous year. This could suggest that the company's efficiency in utilizing its assets to generate revenue slightly declined during the period.
Overall, the total asset turnover ratio for The TJX Companies Inc has been relatively strong, consistently above 1.50 over the past five years. This indicates that the company has been efficient in using its assets to drive sales, although the recent decrease may warrant further investigation into factors impacting this ratio.
Peer comparison
Feb 3, 2024