The TJX Companies Inc (TJX)

Return on assets (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
Net income (ttm)	US$ in thousands	4,474,000	4,109,000	3,981,000	3,802,000	3,498,000	3,400,389	3,360,389	3,336,070	3,283,000	2,668,134	2,511,790	1,511,889	90,470	749,737	711,344	1,684,526	3,272,193	3,128,941	3,062,931	3,043,595
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
ROA		15.04%	13.54%	13.76%	13.26%	12.34%	11.96%	12.40%	12.04%	11.54%	8.87%	8.73%	4.99%	0.29%	2.38%	2.68%	6.63%	13.55%	12.88%	13.40%	13.53%

February 3, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $4,474,000K ÷ $29,747,000K
= 15.04%

The return on assets (ROA) of The TJX Companies Inc has shown a general upward trend over the past few quarters, indicating improved efficiency in generating profits from its assets. The ROA increased from 8.73% in July 2021 to 15.04% in February 2024, reaching its peak during this period.

This improvement suggests that the company has been effectively utilizing its assets to generate income and has been able to increase its profitability over time. A higher ROA indicates that the company is generating more profits relative to its total assets, which is a positive sign for investors and stakeholders.

Overall, the increasing trend in ROA for The TJX Companies Inc reflects the company's ability to drive profitability and generate returns for its shareholders by efficiently managing its assets.