The TJX Companies Inc (TJX)

Return on assets (ROA)

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Net income	US$ in thousands	4,864,000	4,474,000	4,474,000	3,498,000	3,498,000
Total assets	US$ in thousands	31,749,000	29,747,000	29,747,000	28,349,000	28,349,000
ROA		15.32%	15.04%	15.04%	12.34%	12.34%

January 31, 2025 calculation

ROA = Net income ÷ Total assets
= $4,864,000K ÷ $31,749,000K
= 15.32%

The return on assets (ROA) for The TJX Companies Inc has shown a consistent upward trend over the past few years. In January 2023 and January 2024, the ROA was at 12.34% and 15.04% respectively. Additionally, the ROA further improved to 15.32% in January 2025. This indicates that the company's ability to generate profit from its assets has been strengthening over time. The upward trajectory of the ROA suggests efficient utilization of assets to generate earnings, which is a positive sign for the company's overall financial performance.