The TJX Companies Inc (TJX)

Operating 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
Operating income (ttm)	US$ in thousands	-6,693,000	-6,173,430	-5,969,592	-5,777,852	-6,151,992	-6,362,712	-6,433,490	-6,495,930	-6,353,750	-275,960	-296,272	2,337,508	3,630,891	4,034,911	7,963,463	9,225,923	11,871,200	9,732,510	7,934,810	6,339,100
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
Operating profit margin		-12.37%	-11.77%	-11.63%	-11.46%	-12.29%	-12.93%	-12.98%	-13.11%	-13.17%	-0.61%	-0.69%	6.23%	11.40%	12.08%	23.61%	25.04%	28.46%	23.95%	19.83%	16.02%

February 3, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-6,693,000K ÷ $54,112,000K
= -12.37%

The operating profit margin of The TJX Companies Inc has shown a trend of fluctuation over the past few quarters. From May 2019 to April 2022, the company experienced a declining trend in its operating profit margin, reaching its lowest point of -13.17% in January 2022. However, there was a notable improvement in the margin from April 2022 to January 2023, with the margin increasing to -11.46% in April 2023.

Notably, the company managed to achieve positive operating profit margins in the subsequent quarters, starting from July 2023. The trend continued to improve, with operating profit margins reaching 25.04% in August 2020, 28.46% in February 2020, and peaking at 23.95% in November 2019.

Overall, the fluctuations in operating profit margins indicate that The TJX Companies Inc has experienced periods of profitability challenges followed by significant improvements in its operational performance. Continued monitoring of the company's operating profit margin will be essential to assess its financial health and performance in the future.