The TJX Companies Inc (TJX)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,734,000 | 3,872,000 | 3,585,490 | 7,603,150 | 11,871,200 |
| Revenue | US$ in thousands | 54,112,000 | 50,045,000 | 48,238,500 | 31,551,700 | 41,675,600 |
| Gross profit margin | 8.75% | 7.74% | 7.43% | 24.10% | 28.48% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,734,000K ÷ $54,112,000K
= 8.75%
The gross profit margin of The TJX Companies Inc has shown a fluctuating trend over the past five years. It decreased from 28.48% in February 2020 to 24.10% in January 2021 before declining further to 7.43% in January 2022. There was a slight improvement in January 2023 with a gross profit margin of 7.74%, followed by a notable increase to 8.75% in February 2024.
The significant drop in gross profit margin from 2020 to 2022 may indicate challenges in managing costs relative to revenue, leading to a reduced profitability per dollar of sales. However, the rebound in the most recent year suggests potential efforts to address these issues and improve operational efficiency. Further insights into the company's cost structure and pricing strategies would be necessary to fully understand the factors driving these changes in gross profit margin.
Peer comparison
Feb 3, 2024