Analysis of Inventory
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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Inventory Disclosure
TJX Cos. Inc., balance sheet: inventory
US$ in millions
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30).
Merchandise inventories exhibited a notable increase over the observed period. Beginning at US$4,337 million in January 2021, the value rose significantly to US$5,962 million by January 2022. Following this substantial growth, a slight decrease to US$5,819 million was recorded in January 2023. Subsequent periods demonstrate a renewed upward trajectory, with inventories reaching US$5,965 million in February 2024, US$6,421 million in February 2025, and culminating in US$7,297 million in January 2026.
- Overall Trend
- The overall trend indicates a positive growth in merchandise inventories across the six-year period. While a minor contraction occurred between 2022 and 2023, the inventories consistently surpassed the 2022 level in subsequent years, suggesting a robust expansion.
- Growth Rate Analysis
- The most substantial year-over-year increase occurred between January 2021 and January 2022, representing a growth of approximately 37.7%. The period between January 2023 and January 2026 shows a more moderate, but consistent, growth rate. The increase from January 2023 to January 2026 is approximately 25.4%.
- Recent Performance
- The most recent observed period, from February 2024 to January 2026, demonstrates a continued positive trend. The increase from US$5,965 million to US$7,297 million suggests a sustained investment in inventory levels, potentially in anticipation of future demand or strategic sourcing initiatives.
The observed increases in merchandise inventories may warrant further investigation to determine the underlying drivers, such as sales growth, supply chain dynamics, or changes in inventory management strategies. A deeper analysis, incorporating other financial metrics, would provide a more comprehensive understanding of the implications of these inventory trends.