The TJX Companies Inc (TJX)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	4,734,000	4,553,559	4,364,339	4,171,939	3,871,999	3,663,192	3,704,122	3,690,512	3,585,486	6,309,374	7,964,664	8,374,754	7,603,143	8,007,163	7,963,463	9,225,923	11,871,200	11,500,240	11,331,220	11,270,980
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
Gross profit margin		8.75%	8.68%	8.50%	8.27%	7.74%	7.45%	7.47%	7.45%	7.43%	13.99%	18.66%	22.32%	23.88%	23.97%	23.61%	25.04%	28.46%	28.30%	28.32%	28.49%

February 3, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,734,000K ÷ $54,112,000K
= 8.75%

The gross profit margin of The TJX Companies Inc has shown a downward trend over the period analyzed, decreasing from 28.49% in May 2019 to 8.75% in February 2024. This indicates a decline in the company's ability to generate profits from its core business operations relative to sales revenue. The fluctuations in the gross profit margin suggest potential challenges in managing product costs or pricing strategies. It is important for the company to closely monitor and address factors impacting its gross profit margin to ensure sustainable profitability and operational efficiency.