The TJX Companies Inc (TJX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,302,000 | 6,297,000 | 6,152,000 | 3,700,000 | 3,649,000 | 537,000 | 160,000 | 123,000 | 149,940 | -1,386,490 | -1,199,490 | -958,652 | -1,177,992 | 550,178 | 280,858 | 2,370,970 | -1,742,780 | 736,620 | -1,249,000 | -1,187,710 |
| Total assets | US$ in thousands | 31,749,000 | 32,436,000 | 30,555,000 | 29,679,000 | 29,747,000 | 30,351,000 | 30,351,000 | 28,922,000 | 28,922,000 | 28,681,000 | 28,681,000 | 28,349,000 | 28,349,000 | 28,428,400 | 28,428,000 | 27,090,600 | 27,091,000 | 27,709,900 | 28,461,000 | 28,461,000 |
| Operating ROA | 19.85% | 19.41% | 20.13% | 12.47% | 12.27% | 1.77% | 0.53% | 0.43% | 0.52% | -4.83% | -4.18% | -3.38% | -4.16% | 1.94% | 0.99% | 8.75% | -6.43% | 2.66% | -4.39% | -4.17% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,302,000K ÷ $31,749,000K
= 19.85%
The operating return on assets (Operating ROA) for The TJX Companies Inc has shown significant variability over the past few years, ranging from negative values to positive double-digit percentages. The company experienced negative operating ROA figures in the earlier periods, indicating challenges in effectively generating operating income in relation to its assets.
However, there has been a notable turnaround in the more recent periods, with operating ROA improving to positive values, reaching as high as 20.13% in August 2024. This suggests an enhancement in the company's ability to generate operating profits from its assets, reflecting potential improvements in operational efficiency and profitability.
It is important to monitor the trend of operating ROA over time to assess the company's operational performance and asset utilization effectively. A sustained increase in operating ROA can signal improved profitability and efficiency in utilizing its assets to drive earnings.
Peer comparison
Jan 31, 2025