The TJX Companies Inc (TJX)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,474,000 | 3,498,000 | 3,283,000 | 90,000 | 3,272,190 |
| Total assets | US$ in thousands | 29,747,000 | 28,349,000 | 28,461,000 | 30,814,000 | 24,145,000 |
| ROA | 15.04% | 12.34% | 11.54% | 0.29% | 13.55% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $4,474,000K ÷ $29,747,000K
= 15.04%
The return on assets (ROA) for The TJX Companies Inc has shown a generally positive trend over the past five years. Starting at 13.55% in February 2020, the ROA increased to 15.04% in February 2024, reflecting an improvement in the company's ability to generate profits relative to its total assets.
The significant increase in ROA from 0.29% in January 2021 to 15.04% in February 2024 indicates a notable rebound in the company's asset utilization efficiency and profitability. This improvement suggests that TJX has been effectively leveraging its assets to generate higher returns for shareholders.
Overall, the upward trend in ROA for The TJX Companies Inc signifies the company's ability to efficiently generate profits from its assets, indicating positive financial health and effective management of its resources over the analyzed period.
Peer comparison
Feb 3, 2024