TJX Cos. Inc. (NYSE:TJX)

The financial data reveals several notable trends across the reported periods.

Cash and Cash Equivalents

There is a noticeable increase in cash and cash equivalents between May 2019 and October 2020, peaking at $10,582 million. After this peak, a gradual decline occurs until April 2023, followed by fluctuating amounts around the $4,000 to $5,500 million range.

Accounts Receivable, Net

The accounts receivable values show moderate fluctuations without a clear upward or downward trend, ranging mostly between $400 and $600 million. Periods such as May 2020 show a dip to $172 million, but this seems irregular compared to surrounding values.

Merchandise Inventories

Inventories fluctuate significantly over time, with periodic peaks such as in October 2019 ($6,275 million), October 2021 ($6,633 million), and October 2023 ($8,371 million). Following these peaks, values often decrease but show a general upward long-term trend, reaching over $7,300 million by August 2025.

Prepaid Expenses and Other Current Assets

This line item remains relatively stable, oscillating around the $400 to $600 million range, with minor increases toward the latter periods.

Federal, State, and Foreign Income Taxes Recoverable

Tax recoverables display considerable volatility, with peaks such as $482 million in May 2020 and $148 million in January 2024. The data starts having values only from February 2020 onward, making earlier trend assessment not possible.

Current Assets

Current assets generally increase from May 2019 ($8,067 million) to October 2020 ($16,654 million) before declining somewhat and fluctuating between $12,000 and $14,000 million over subsequent years. Despite short-term variability, the overall level remains stable near these amounts.

Net Property at Cost

The net property value sees a consistent upward trend, growing steadily from approximately $5,019 million in May 2019 to $7,775 million by August 2025, indicating ongoing investment in property assets.

Non-Current Deferred Income Taxes, Net

Deferred income taxes remain relatively low but gradually increase from minimal amounts around $5-6 million in 2019 to a peak near $194 million in October 2021, followed by some fluctuation but no clear ongoing upward or downward trend.

Operating Lease Right of Use Assets

This asset category remains fairly stable at approximately $9,000 million, with slight increments over time, ending near $9,978 million in August 2025. This stability suggests consistent lease obligations over the periods analyzed.

Goodwill

Goodwill values remain almost constant, around $95 to $99 million, indicating minimal impairment or significant acquisitions impacting this asset.

Other Assets

Other assets show a gradual increase over time, starting from around $490 million in May 2019 and rising consistently to over $1,600 million by August 2025, reflecting potential growth or reclassification of non-current assets.

Long-Term Assets

Long-term assets trend upwards steadily throughout the reported periods, growing from approximately $14,422 million in May 2019 to nearly $19,607 million by August 2025, which aligns with the increase in property and other long-term assets.

Total Assets

Total assets follow a pattern of growth from about $22,489 million in May 2019 to a peak near $32,436 million in November 2024. There is some volatility with decreases in certain periods such as January 2022 and fluctuations afterward, but the overall total asset base expands significantly over the analyzed timeframe.

The data overall reflect expansion in property, long-term, and other assets, alongside strong cash positions in earlier periods that moderate over time. Inventories and current assets exhibit cyclicality and occasional spikes, likely corresponding to operational or market dynamics. The relatively stable goodwill and lease assets suggest no major disruptions or strategic shifts through acquisition or lease restructuring during these years.