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.