The TJX Companies Inc (TJX)
Return on total capital
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 6,049,000 | 4,727,000 | 4,521,000 | 288,000 | 4,467,580 |
| Long-term debt | US$ in thousands | 2,862,000 | 2,859,000 | 3,355,000 | 5,300,000 | 2,200,000 |
| Total stockholders’ equity | US$ in thousands | 7,302,000 | 6,364,000 | 6,003,000 | 5,833,000 | 5,948,000 |
| Return on total capital | 59.51% | 51.25% | 48.31% | 2.59% | 54.83% |
February 3, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $6,049,000K ÷ ($2,862,000K + $7,302,000K)
= 59.51%
The return on total capital of The TJX Companies Inc has shown significant fluctuations over the past five years. In the most recent fiscal year ending on February 3, 2024, the return on total capital increased notably to 59.51%, reflecting a strong performance in generating profits relative to the total capital employed. This signifies an improvement from the previous year, where the return on total capital was 51.25%.
Looking further back, in the fiscal year ending on January 29, 2022, the return on total capital was 48.31%, indicating a positive performance but lower compared to the most recent year. The fiscal year ending on January 30, 2021, had a notably lower return on total capital of 2.59%, suggesting a period of lower profitability relative to the capital invested.
In contrast, the fiscal year ending on February 1, 2020, saw a higher return on total capital of 54.83%, indicating a strong performance in profitability relative to capital deployed. Overall, the return on total capital of The TJX Companies Inc has demonstrated variability over the years, with recent years showing higher profitability relative to capital employed compared to earlier years.
Peer comparison
Feb 3, 2024