The TJX Companies Inc (TJX)

Working capital turnover

		Jan 31, 2025	Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022	Jan 29, 2022
Revenue (ttm)	US$ in thousands	56,360,000	56,421,000	55,623,000	55,420,000	55,699,000	52,046,000	50,564,000	49,082,000	50,844,200	52,715,400	53,099,400	53,482,700	50,805,500	48,019,300	47,258,800	48,946,900	50,889,100	51,578,000	52,703,400	50,926,100
Total current assets	US$ in thousands	12,991,000	14,352,000	12,890,000	12,409,000	12,664,000	13,806,000	13,806,000	12,338,000	12,338,000	12,595,000	12,595,000	12,456,000	12,456,000	12,988,800	12,989,000	11,834,800	11,835,000	12,480,200	13,259,000	13,259,000
Total current liabilities	US$ in thousands	11,008,000	12,017,000	10,621,000	10,100,000	10,451,000	11,640,000	11,640,000	10,317,000	10,317,000	10,534,000	10,534,000	10,305,000	10,305,000	11,233,600	11,234,000	10,147,100	10,147,000	10,018,500	10,468,000	10,468,000
Working capital turnover		28.42	24.16	24.51	24.00	25.17	24.03	23.34	24.29	25.16	25.58	25.76	24.86	23.62	27.36	26.93	29.00	30.15	20.95	18.88	18.25

January 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (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 exhibited fluctuations over the given period, indicating changes in the efficiency of the company in generating sales from its working capital. The trend shows improvement from around 18.25 in January 2022 to a peak of 30.15 in July 2022, suggesting a significant increase in sales relative to the working capital employed.

Subsequently, the ratio declined to around 23.62 in January 2023, but maintained a relatively stable range between 23 and 26 for the next few quarters. A slight increase was observed in the ratio to 28.42 by January 2025, indicating a higher turnover of working capital to support sales in that period.

Overall, the working capital turnover ratio for The TJX Companies Inc demonstrates variability but generally reflects positive performance in efficiently utilizing its working capital to drive sales during the analyzed timeframe.