The TJX Companies Inc (TJX)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 29,747,000 | 30,351,000 | 28,922,000 | 28,681,000 | 28,349,000 | 28,428,000 | 27,091,000 | 27,710,000 | 28,461,000 | 30,071,000 | 28,783,400 | 30,301,400 | 30,814,000 | 31,565,500 | 26,568,400 | 25,415,200 | 24,145,000 | 24,288,700 | 22,855,000 | 22,489,100 |
| Operating ROA | -22.50% | -20.34% | -20.64% | -20.15% | -21.70% | -22.38% | -23.75% | -23.44% | -22.32% | -0.92% | -1.03% | 7.71% | 11.78% | 12.78% | 29.97% | 36.30% | 49.17% | 40.07% | 34.72% | 28.19% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-6,693,000K ÷ $29,747,000K
= -22.50%
The operating return on assets (operating ROA) for The TJX Companies Inc has displayed significant fluctuations over the past several reporting periods. The trend shows a decline in profitability during the latest quarters, with negative values indicating that the company's operating income generated from its assets has been less than the asset base.
From May 2, 2020, to Jan 29, 2022, the company experienced a prolonged period of negative operating ROA, suggesting operational inefficiencies or challenges impacting its ability to generate profits from its asset base. The lowest operating ROA was recorded in the quarter ending Jul 30, 2022, at -23.75%.
However, a notable turnaround began in the quarter ending Jan 30, 2021, where the operating ROA turned positive and increased steadily over the following quarters. The company's positive operating ROA in recent periods, culminating in a peak of 49.17% in the quarter ending Feb 1, 2020, indicates improved operational performance and efficiency in utilizing its assets to generate income.
Overall, the historic operating ROA trend for The TJX Companies Inc reflects periods of both challenges and successes in effectively leveraging its assets to generate operating profits. Monitoring this metric in conjunction with other financial indicators can provide a comprehensive view of the company's financial health and operational efficiency.
Peer comparison
Feb 3, 2024