The TJX Companies Inc (TJX)

Working capital 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 current assets	US$ in thousands	12,991,000	12,664,000	12,664,000	12,456,000	12,456,000
Total current liabilities	US$ in thousands	11,008,000	10,451,000	10,451,000	10,305,000	10,305,000
Working capital turnover		28.42	24.45	24.50	23.22	23.27

January 31, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $56,360,000K ÷ ($12,991,000K – $11,008,000K)
= 28.42

The working capital turnover ratio for The TJX Companies Inc has shown a consistent and positive trend over the years. Starting at 23.27 in January 28, 2023, the ratio remained stable at 23.22 in January 31, 2023. Thereafter, it exhibited an upward trajectory, reaching 24.50 in January 31, 2024 and remaining steady at 24.45 in February 3, 2024. The most recent data point of 28.42 in January 31, 2025, indicates a significant improvement in the efficiency of TJX's working capital management. This suggests that TJX has been increasingly effective in generating revenue from its working capital, which is a positive indicator of the company's operational efficiency and financial health.