T.J. Asset Turnover from 2010 to 2024

TJX Stock

USD 126.19 0.50 0.40%

T.J. Maxx Asset Turnover yearly trend continues to be fairly stable with very little volatility. Asset Turnover is likely to outpace its year average in 2024. Asset Turnover is the ratio of net sales to average total assets, indicating how efficiently The TJX Companies uses its assets to generate sales. View All Fundamentals

Asset Turnover

First Reported

2010-12-31

Previous Quarter

1.82260396

Current Value

2.62734531

Quarterly Volatility

0.44617732

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Covid

Check T.J. Maxx financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among T.J. Maxx's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1 B, Total Revenue of 56.9 B or Gross Profit of 17.1 B, as well as many indicators such as Price To Sales Ratio of 1.55, Dividend Yield of 0.0103 or PTB Ratio of 10.59. T.J. financial statements analysis is a perfect complement when working with T.J. Maxx Valuation or Volatility modules.

Check out the analysis of T.J. Maxx Correlation against competitors.

Latest T.J. Maxx's Asset Turnover Growth Pattern

Below is the plot of the Asset Turnover of The TJX Companies over the last few years. It is the ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales. T.J. Maxx's Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in T.J. Maxx's overall financial position and show how it may be relating to other accounts over time.

Asset Turnover

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Asset Turnover

Timeline

T.J. Asset Turnover Regression Statistics

	Arithmetic Mean	2.07
	Geometric Mean	2.03
	Coefficient Of Variation	21.56
	Mean Deviation	0.40
	Median	1.82
	Standard Deviation	0.45
	Sample Variance	0.20
	Range	0.9605
	R-Value	(0.47)
	Mean Square Error	0.17
	R-Squared	0.22
	Significance	0.08
	Slope	(0.05)
	Total Sum of Squares	2.79

T.J. Asset Turnover History

	2024	2.63
	2020	1.82
	2014	1.73

Other Fundumenentals of TJX Companies

Fixed Asset Turnover

T.J. Maxx Asset Turnover component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.91	0.89	0.88	0.16	1.0	0.96	0.73	0.96	0.32	0.72	0.76	-0.44	0.94	0.18	0.57	0.81	-0.64	-0.63	-0.79	0.78	-0.03	-0.33	-0.6
Total Stockholder Equity	0.91		0.72	0.99	0.43	0.87	0.9	0.76	0.88	0.21	0.71	0.62	-0.22	0.83	0.01	0.54	0.65	-0.42	-0.74	-0.63	0.52	-0.05	-0.43	-0.61
Net Debt	0.89	0.72		0.69	-0.05	0.91	0.74	0.61	0.75	0.34	0.57	0.55	-0.54	0.82	0.21	0.72	0.61	-0.71	-0.4	-0.83	0.64	-0.11	-0.55	-0.6
Retained Earnings	0.88	0.99	0.69		0.45	0.83	0.87	0.79	0.84	0.18	0.65	0.59	-0.19	0.8	-0.05	0.53	0.62	-0.4	-0.78	-0.56	0.46	-0.08	-0.45	-0.6
Net Receivables	0.16	0.43	-0.05	0.45		0.1	0.26	0.19	0.22	0.14	0.52	0.29	-0.04	-0.05	0.2	0.37	0.19	-0.08	-0.66	0.12	-0.17	0.0	-0.17	0.28
Total Liab	1.0	0.87	0.91	0.83	0.1		0.95	0.71	0.95	0.33	0.71	0.78	-0.48	0.94	0.22	0.56	0.83	-0.67	-0.59	-0.8	0.81	-0.02	-0.3	-0.59
Total Current Assets	0.96	0.9	0.74	0.87	0.26	0.95		0.72	0.99	0.29	0.74	0.86	-0.37	0.9	0.2	0.41	0.88	-0.55	-0.71	-0.68	0.82	0.03	-0.12	-0.5
Short Term Debt	0.73	0.76	0.61	0.79	0.19	0.71	0.72		0.68	0.07	0.28	0.52	-0.14	0.76	-0.17	0.28	0.57	-0.3	-0.59	-0.31	0.5	-0.07	-0.26	-0.58
Accounts Payable	0.96	0.88	0.75	0.84	0.22	0.95	0.99	0.68		0.28	0.75	0.85	-0.36	0.91	0.2	0.39	0.87	-0.57	-0.68	-0.71	0.83	-0.02	-0.12	-0.49
Intangible Assets	0.32	0.21	0.34	0.18	0.14	0.33	0.29	0.07	0.28		0.29	0.33	-0.83	0.26	0.17	0.28	0.35	-0.57	-0.16	-0.2	0.24	-0.02	-0.16	-0.13
Common Stock	0.72	0.71	0.57	0.65	0.52	0.71	0.74	0.28	0.75	0.29		0.73	-0.35	0.54	0.44	0.59	0.68	-0.51	-0.62	-0.68	0.53	0.04	-0.24	-0.03
Long Term Debt	0.76	0.62	0.55	0.59	0.29	0.78	0.86	0.52	0.85	0.33	0.73		-0.45	0.65	0.5	0.36	0.99	-0.58	-0.69	-0.48	0.85	0.26	0.21	-0.06
Good Will	-0.44	-0.22	-0.54	-0.19	-0.04	-0.48	-0.37	-0.14	-0.36	-0.83	-0.35	-0.45		-0.41	-0.23	-0.42	-0.51	0.85	0.17	0.45	-0.42	0.0	0.24	0.15
Property Plant Equipment	0.94	0.83	0.82	0.8	-0.05	0.94	0.9	0.76	0.91	0.26	0.54	0.65	-0.41		-0.1	0.31	0.73	-0.59	-0.46	-0.78	0.78	-0.09	-0.3	-0.72
Current Deferred Revenue	0.18	0.01	0.21	-0.05	0.2	0.22	0.2	-0.17	0.2	0.17	0.44	0.5	-0.23	-0.1		0.5	0.43	-0.29	-0.24	-0.15	0.36	0.4	0.3	0.38
Net Tangible Assets	0.57	0.54	0.72	0.53	0.37	0.56	0.41	0.28	0.39	0.28	0.59	0.36	-0.42	0.31	0.5		0.36	-0.53	-0.46	-0.5	0.19	0.09	-0.6	-0.17
Long Term Debt Total	0.81	0.65	0.61	0.62	0.19	0.83	0.88	0.57	0.87	0.35	0.68	0.99	-0.51	0.73	0.43	0.36		-0.64	-0.65	-0.54	0.9	0.28	0.16	-0.18
Deferred Long Term Liab	-0.64	-0.42	-0.71	-0.4	-0.08	-0.67	-0.55	-0.3	-0.57	-0.57	-0.51	-0.58	0.85	-0.59	-0.29	-0.53	-0.64		0.4	0.66	-0.55	0.0	0.32	0.25
Accumulated Depreciation	-0.63	-0.74	-0.4	-0.78	-0.66	-0.59	-0.71	-0.59	-0.68	-0.16	-0.62	-0.69	0.17	-0.46	-0.24	-0.46	-0.65	0.4		0.29	-0.33	0.09	0.17	0.16
Short Long Term Debt	-0.79	-0.63	-0.83	-0.56	0.12	-0.8	-0.68	-0.31	-0.71	-0.2	-0.68	-0.48	0.45	-0.78	-0.15	-0.5	-0.54	0.66	0.29		-0.63	0.11	0.45	0.55
Cash And Equivalents	0.78	0.52	0.64	0.46	-0.17	0.81	0.82	0.5	0.83	0.24	0.53	0.85	-0.42	0.78	0.36	0.19	0.9	-0.55	-0.33	-0.63		0.29	0.25	-0.32
Net Invested Capital	-0.03	-0.05	-0.11	-0.08	0.0	-0.02	0.03	-0.07	-0.02	-0.02	0.04	0.26	0.0	-0.09	0.4	0.09	0.28	0.0	0.09	0.11	0.29		0.48	0.21
Net Working Capital	-0.33	-0.43	-0.55	-0.45	-0.17	-0.3	-0.12	-0.26	-0.12	-0.16	-0.24	0.21	0.24	-0.3	0.3	-0.6	0.16	0.32	0.17	0.45	0.25	0.48		0.45
Capital Stock	-0.6	-0.61	-0.6	-0.6	0.28	-0.59	-0.5	-0.58	-0.49	-0.13	-0.03	-0.06	0.15	-0.72	0.38	-0.17	-0.18	0.25	0.16	0.55	-0.32	0.21	0.45

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About T.J. Maxx Financial Statements

T.J. Maxx investors use historical fundamental indicators, such as T.J. Maxx's Asset Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in T.J. Maxx. Please read more on our technical analysis and fundamental analysis pages.

	Last Reported	Projected for Next Year
Fixed Asset Turnover	3.40	7.64
Asset Turnover	1.82	2.63

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When running T.J. Maxx's price analysis, check to measure T.J. Maxx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy T.J. Maxx is operating at the current time. Most of T.J. Maxx's value examination focuses on studying past and present price action to predict the probability of T.J. Maxx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move T.J. Maxx's price. Additionally, you may evaluate how the addition of T.J. Maxx to your portfolios can decrease your overall portfolio volatility.

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T.J. Asset Turnover from 2010 to 2024

Latest T.J. Maxx's Asset Turnover Growth Pattern

T.J. Asset Turnover Regression Statistics

T.J. Asset Turnover History

Other Fundumenentals of TJX Companies

T.J. Maxx Asset Turnover component correlations

About T.J. Maxx Financial Statements

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