The TJX Companies Inc (TJX)
Total asset 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 |
| Total assets | US$ in thousands | 29,747,000 | 30,351,000 | 28,922,000 | 28,681,000 | 28,349,000 | 28,428,000 | 27,091,000 | 27,710,000 | 28,461,000 | 30,071,000 | 28,783,400 | 30,301,400 | 30,814,000 | 31,565,500 | 26,568,400 | 25,415,200 | 24,145,000 | 24,288,700 | 22,855,000 | 22,489,100 |
| Total asset turnover | 1.82 | 1.73 | 1.77 | 1.76 | 1.77 | 1.73 | 1.83 | 1.79 | 1.69 | 1.50 | 1.48 | 1.24 | 1.03 | 1.06 | 1.27 | 1.45 | 1.73 | 1.67 | 1.75 | 1.76 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $54,112,000K ÷ $29,747,000K
= 1.82
The total asset turnover ratio of The TJX Companies Inc has shown some fluctuations over the past few years, ranging from 1.03 to 1.83.
The ratio measures how efficiently the company is utilizing its total assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
From the trend observed in the data, we can see that the total asset turnover ratio has generally been stable, with some minor fluctuations. However, there was a significant increase in the ratio from the beginning of 2022 to mid-2022, reaching a peak of 1.83, indicating improved efficiency in asset utilization during that period.
In more recent periods, the total asset turnover ratio has decreased slightly but remains relatively healthy, indicating that The TJX Companies Inc continues to effectively utilize its assets to generate revenue.
Overall, the trend in the total asset turnover ratio suggests that The TJX Companies Inc has been successful in efficiently generating revenue from its total assets over the periods analyzed.
Peer comparison
Feb 3, 2024