The TJX Companies Inc (TJX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	7,302,000	6,833,000	6,608,000	6,422,000	6,364,000	5,665,000	5,397,000	5,595,000	6,003,000	6,444,770	6,406,380	6,139,210	5,833,000	5,566,760	4,660,570	4,739,220	5,948,000	5,542,530	5,302,610	5,131,900
ROE		61.27%	60.13%	60.25%	59.20%	54.97%	60.02%	62.26%	59.63%	54.69%	41.40%	39.21%	24.63%	1.55%	13.47%	15.26%	35.54%	55.01%	56.45%	57.76%	59.31%

February 3, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,474,000K ÷ $7,302,000K
= 61.27%

The return on equity (ROE) of The TJX Companies Inc has shown fluctuations over the past several quarters. The ROE has been consistently above 50% for most of the periods, indicating that the company is generating substantial returns relative to its shareholders' equity.

The highest ROE figure was observed in the quarter ending Feb 3, 2024, at 61.27%, which indicates strong profitability and efficient use of shareholders' equity. This was followed by relatively high ROE figures in the range of 60-62% in the preceding quarters.

There was a notable decrease in ROE in the quarter ending Jan 30, 2021, where the ROE dropped to just 1.55%. This significant decline in profitability may have been influenced by various factors such as economic conditions, operational challenges, or strategic decisions.

Overall, the trend in ROE for The TJX Companies Inc has been positive, with consistently high ROE figures in recent periods. However, investors and analysts may want to further investigate the factors driving the fluctuations in ROE to assess the company's long-term sustainability and growth potential.