The TJX Companies Inc (TJX)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -6,693,000 | -6,173,430 | -5,969,592 | -5,777,852 | -6,151,992 | -6,362,712 | -6,433,490 | -6,495,930 | -6,353,750 | -275,960 | -296,272 | 2,337,508 | 3,630,891 | 4,034,911 | 7,963,463 | 9,225,923 | 11,871,200 | 9,732,510 | 7,934,810 | 6,339,100 |
| Long-term debt | US$ in thousands | 2,862,000 | 2,900,000 | 2,861,000 | 2,860,000 | 2,859,000 | 2,858,000 | 2,857,000 | 3,356,000 | 3,355,000 | 3,353,870 | 3,352,890 | 5,334,860 | 5,300,000 | 5,447,210 | 5,445,320 | 7,192,410 | 2,200,000 | 2,235,870 | 2,235,120 | 2,234,370 |
| 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 |
| Return on total capital | -65.85% | -63.43% | -63.04% | -62.25% | -66.70% | -74.65% | -77.94% | -72.57% | -67.90% | -2.82% | -3.04% | 20.37% | 32.61% | 36.63% | 78.80% | 77.32% | 145.69% | 125.12% | 105.27% | 86.06% |
February 3, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-6,693,000K ÷ ($2,862,000K + $7,302,000K)
= -65.85%
The return on total capital for The TJX Companies Inc has exhibited significant fluctuations over the past few quarters. For the most recent quarter ending February 3, 2024, the return on total capital was -65.85%. This indicates that the company generated a negative return relative to its total capital employed during this period.
The trend shows a consistent pattern of negative returns on total capital from October 2021 to April 2023, with a peak of -62.25% in April 2023. This suggests that the company faced challenges in generating profits relative to the total capital invested during this period.
However, there was a notable improvement in the return on total capital in the subsequent quarters, with positive returns recorded from July 2023 to February 2024. The return on total capital increased to 20.37% in January 2023 and peaked at 78.80% in May 2021. This indicates that the company was able to generate higher returns on its total capital investment during these quarters.
Overall, the return on total capital for The TJX Companies Inc has been volatile, with periods of negative returns followed by significant improvements. Investors and analysts may need to closely monitor the company's performance and the factors impacting its return on total capital to assess its financial health and profitability prospects.
Peer comparison
Feb 3, 2024