The TJX Companies Inc (TJX)

Return on assets (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
Net income (ttm)	US$ in thousands	4,864,000	4,869,000	4,763,000	4,855,000	4,774,000	4,360,000	4,060,000	3,760,000	3,809,380	3,858,380	4,030,380	4,202,380	3,973,340	3,745,340	3,269,813	3,147,017	3,278,066	3,491,066	3,926,593	3,772,070
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
ROA		15.32%	15.01%	15.59%	16.36%	16.05%	14.37%	13.38%	13.00%	13.17%	13.45%	14.05%	14.82%	14.02%	13.17%	11.50%	11.62%	12.10%	12.60%	13.80%	13.25%

January 31, 2025 calculation

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

The Return on Assets (ROA) of The TJX Companies Inc has shown fluctuations over the given time period. The company's ROA started at 13.25% in January 2022 and gradually increased to a peak of 16.36% in May 2024. This indicates that the company generated higher profits relative to its total assets during this period. However, the ROA slightly declined to 15.32% in January 2025. Overall, the trend suggests that The TJX Companies Inc has been effectively utilizing its assets to generate profits, with some variability in performance over time. It is important for stakeholders to monitor this ratio to assess the company's efficiency in generating returns from its asset base.