The TJX Companies Inc (TJX)

Total asset 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
Total assets	US$ in thousands	31,749,000	29,747,000	29,747,000	28,349,000	28,349,000
Total asset turnover		1.78	1.82	1.82	1.76	1.77

January 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $56,360,000K ÷ $31,749,000K
= 1.78

The total asset turnover for The TJX Companies Inc has ranged between 1.76 and 1.82 over the past few years, with a median value of 1.78. This indicates that the company is generating approximately $1.78 in revenue for every dollar of assets it holds. The consistency in this ratio suggests that TJX efficiently utilizes its assets to generate sales revenue. However, it would be beneficial to monitor this ratio over time to ensure sustained efficiency in asset utilization and revenue generation.