Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

TJX Cos. Inc., common-size consolidated balance sheet: assets (quarterly data)

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Nov 1, 2025 Aug 2, 2025 May 3, 2025 Feb 1, 2025 Nov 2, 2024 Aug 3, 2024 May 4, 2024 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
Cash and cash equivalents
Accounts receivable, net
Merchandise inventories
Prepaid expenses and other current assets
Federal, state and foreign income taxes recoverable
Current assets
Net property at cost
Non-current deferred income taxes, net
Operating lease right of use assets
Goodwill
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04).


Cash and cash equivalents
The proportion of cash and cash equivalents experienced notable growth from 9.94% in early May 2019, reaching a peak of 33.98% in early 2021. Following this peak, the percentage gradually declined but remained elevated compared to the initial periods, fluctuating between approximately 13% and 19% from 2023 onwards. This suggests a strategic accumulation of liquidity in 2020 and early 2021, possibly as a response to market uncertainty, with subsequent normalization to moderate levels.
Accounts receivable, net
Accounts receivable as a percentage of total assets remained relatively stable, fluctuating mostly between 1.5% and 2.1% across the periods. Minor deviations occurred without any clear upward or downward trend, indicating consistent credit sales or collection policies maintained by the company over time.
Merchandise inventories
Inventory levels exhibited significant variability. Initial values were around 22-26%, then decreased to lows near 14% in mid-2020, likely reflecting inventory reduction. Subsequently, inventory percentages rose sharply, peaking at 29.3% by late 2022 and early 2023, followed by oscillations between approximately 20% and 27%. This suggests fluctuating inventory management possibly influenced by supply chain dynamics or demand changes.
Prepaid expenses and other current assets
This category remained fairly stable, generally ranging between 1.3% and 2.1%, with minor short-term fluctuations. There is no distinct trend, indicating consistent levels of prepaid costs relative to total assets over the observed timeframe.
Federal, state and foreign income taxes recoverable
The data are sporadic but show an increase from no reported values initially to fluctuations mostly between 0.1% and 0.5%. This component remains a relatively minor part of total assets, reflecting typical recoverable income tax balances.
Current assets
The proportion of current assets saw an overall growth from about 36% in mid-2019 to a peak near 53% by late 2020, before gradually declining to a range between 39% and 44% in recent periods. This pattern mirrors the changes in cash, inventories, and other current components, reflecting dynamic asset management and possibly working capital adjustments.
Net property at cost
Net property showed a gradual decrease from 22.32% in mid-2019 to approximately 15.86% by late 2020, followed by a recovery trend to values between 20% and 23% in subsequent years. This suggests a phase of asset disposals or depreciation followed by reinvestments or asset growth in later periods.
Non-current deferred income taxes, net
This category increased marginally from near zero in 2019 to around 0.6-0.65% by 2021, then exhibited a slight downward drift to around 0.4% in recent quarters. The changes are minor, indicating steady deferred tax asset/liability balances relative to total assets.
Operating lease right of use assets
Operating lease assets as a percentage of total assets declined from roughly 39% in 2019 to a low of 28.6% by late 2020, then fluctuated between approximately 28.5% and 33% thereafter. This decrease during 2020 aligns with broader asset shifts, potentially reflecting changes in leasing arrangements or modifications in lease accounting practices.
Goodwill
Goodwill remained a small and stable proportion, decreasing slightly from about 0.43% in 2019 to around 0.27% by late 2025. This minor decline suggests no significant acquisitions adding to goodwill or impairment write-downs affecting this asset category.
Other assets
Other assets were relatively stable around 2-3% through early 2022 but increased notably from 3.5% in early 2024 to nearly 5% by late 2025. This uptick warrants further examination to determine the nature of these additional assets and their impact on overall asset composition.
Long-term assets
Long-term assets as a proportion of total assets decreased from about 64% in early 2019 to less than 48% by late 2020, then rebounded steadily to reach approximately 60% in late 2025. This ebb and flow reflect shifts in fixed assets and operating leases, indicating changing investment strategies or balance sheet restructuring over the years.
Total assets
The data consistently sum to 100%, confirming that all asset components are expressed as percentages of total assets, enabling direct comparison across categories and time periods.