Total Asset Turnover
since 2005
Calculation
TJX Cos. Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Feb 1, 2025 | 1.78 | = | 56,360) | ÷ | 31,749) |
| Feb 3, 2024 | 1.82 | = | 54,217) | ÷ | 29,747) |
| Jan 28, 2023 | 1.76 | = | 49,936) | ÷ | 28,349) |
| Jan 29, 2022 | 1.71 | = | 48,550) | ÷ | 28,461) |
| Jan 30, 2021 | 1.04 | = | 32,137) | ÷ | 30,814) |
| Feb 1, 2020 | 1.73 | = | 41,717) | ÷ | 24,145) |
| Feb 2, 2019 | 2.72 | = | 38,973) | ÷ | 14,326) |
| Feb 3, 2018 | 2.55 | = | 35,865) | ÷ | 14,058) |
| Jan 28, 2017 | 2.58 | = | 33,184) | ÷ | 12,884) |
| Jan 30, 2016 | 2.69 | = | 30,945) | ÷ | 11,499) |
| Jan 31, 2015 | 2.61 | = | 29,078) | ÷ | 11,128) |
| Feb 1, 2014 | 2.69 | = | 27,423) | ÷ | 10,201) |
| Feb 2, 2013 | 2.72 | = | 25,878) | ÷ | 9,512) |
| Jan 28, 2012 | 2.80 | = | 23,191) | ÷ | 8,282) |
| Jan 29, 2011 | 2.75 | = | 21,942) | ÷ | 7,972) |
| Jan 30, 2010 | 2.72 | = | 20,288) | ÷ | 7,464) |
| Jan 31, 2009 | 3.08 | = | 19,000) | ÷ | 6,178) |
| Jan 26, 2008 | 2.83 | = | 18,647) | ÷ | 6,600) |
| Jan 27, 2007 | 2.86 | = | 17,405) | ÷ | 6,086) |
| Jan 28, 2006 | 2.92 | = | 16,058) | ÷ | 5,496) |
| Jan 29, 2005 | 2.94 | = | 14,913) | ÷ | 5,075) |
Based on: 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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in millions
- Net Sales
- Net sales exhibited a consistent upward trend from 2005 through 2020, increasing steadily from $14,913 million to a peak of $41,717 million. A significant decline is noted in 2021, where net sales dropped to $32,137 million. This was followed by a strong recovery and continued growth through 2025, reaching $56,360 million.
- Total Assets
- Total assets showed a gradual increase from 2005 to 2019, rising from $5,075 million to $14,326 million. In 2020, there was a marked increase to $24,145 million, continuing upwards to $30,814 million in 2021. This was followed by a slight decrease and stabilization hovering around $28,300 million through 2023, before experiencing moderate growth again to $31,749 million by 2025.
- Total Asset Turnover
- Total asset turnover remained relatively stable and strong between 2005 and 2019, ranging mostly between 2.5 and 3.1. However, in 2020, the ratio experienced a significant decline to 1.73, dropping further to 1.04 in 2021, indicating a substantial decrease in how efficiently assets were being used to generate sales. From 2022 onward, there was a partial recovery in asset turnover, improving to a range around 1.7 to 1.8 but still below the pre-2020 levels.
- Summary Insights
- The data reflect a period of steady growth in sales and asset base from 2005 until 2019. A disruption occurred in 2020, with a notable decline in sales and asset efficiency, likely reflecting external pressures or significant business challenges during that period. Post-2020, the company demonstrated a strong rebound in sales and a gradual recovery in asset utilization efficiency. Total assets increased sharply in 2020 and 2021, which may suggest investments or acquisitions intended to support future growth despite short-term challenges impacting turnover ratios.
Comparison to Competitors
TJX Cos. Inc., total asset turnover, long-term trends, comparison to competitors
| TJX Cos. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | |
|---|---|---|---|---|
| Feb 1, 2025 | 1.78 | — | 1.66 | 1.94 |
| Feb 3, 2024 | 1.82 | 1.02 | 1.99 | 2.07 |
| Jan 28, 2023 | 1.76 | 1.09 | 2.06 | 2.22 |
| Jan 29, 2022 | 1.71 | 1.11 | 2.10 | 2.16 |
| Jan 30, 2021 | 1.04 | 1.12 | 1.87 | 1.92 |
| Feb 1, 2020 | 1.73 | 1.20 | 2.15 | 1.83 |
| Feb 2, 2019 | 2.72 | 1.25 | 2.46 | 2.07 |
| Feb 3, 2018 | 2.55 | 1.43 | 2.27 | 1.94 |
| Jan 28, 2017 | 2.58 | 1.35 | 2.20 | 1.89 |
| Jan 30, 2016 | 2.69 | 1.63 | 2.08 | 1.89 |
| Jan 31, 2015 | 2.61 | 1.64 | 2.08 | 1.77 |
| Feb 1, 2014 | 2.69 | 1.63 | 1.95 | 1.63 |
| Feb 2, 2013 | 2.72 | 1.85 | 1.82 | 1.55 |
| Jan 28, 2012 | 2.80 | 1.88 | 1.74 | 1.50 |
| Jan 29, 2011 | 2.75 | 1.90 | 1.69 | 1.45 |
| Jan 30, 2010 | 2.72 | 1.82 | 1.62 | 1.43 |
| Jan 31, 2009 | 3.08 | 1.77 | 1.73 | 1.48 |
| Jan 26, 2008 | 2.83 | 2.31 | 1.75 | 1.56 |
| Jan 27, 2007 | 2.86 | 2.29 | 1.74 | 1.69 |
| Jan 28, 2006 | 2.92 | 2.45 | 1.83 | 1.75 |
| Jan 29, 2005 | 2.94 | 2.30 | 1.88 | 1.72 |
Based on: 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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
TJX Cos. Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| TJX Cos. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 1, 2025 | 1.78 | — |
| Feb 3, 2024 | 1.82 | 1.20 |
| Jan 28, 2023 | 1.76 | 1.30 |
| Jan 29, 2022 | 1.71 | 1.33 |
| Jan 30, 2021 | 1.04 | 1.27 |
| Feb 1, 2020 | 1.73 | 1.40 |
| Feb 2, 2019 | 2.72 | 1.57 |
| Feb 3, 2018 | 2.55 | 1.71 |
| Jan 28, 2017 | 2.58 | 1.67 |
| Jan 30, 2016 | 2.69 | 1.86 |
| Jan 31, 2015 | 2.61 | 1.86 |
| Feb 1, 2014 | 2.69 | 1.80 |
| Feb 2, 2013 | 2.72 | 1.83 |
| Jan 28, 2012 | 2.80 | 1.78 |
| Jan 29, 2011 | 2.75 | 1.74 |
| Jan 30, 2010 | 2.72 | 1.68 |
| Jan 31, 2009 | 3.08 | 1.74 |
| Jan 26, 2008 | 2.83 | 1.81 |
| Jan 27, 2007 | 2.86 | 1.84 |
| Jan 28, 2006 | 2.92 | 1.92 |
| Jan 29, 2005 | 2.94 | 1.93 |
Based on: 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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Discretionary)
TJX Cos. Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| TJX Cos. Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 1, 2025 | 1.78 | — |
| Feb 3, 2024 | 1.82 | 0.93 |
| Jan 28, 2023 | 1.76 | 0.97 |
| Jan 29, 2022 | 1.71 | 0.96 |
| Jan 30, 2021 | 1.04 | 0.88 |
| Feb 1, 2020 | 1.73 | 0.84 |
| Feb 2, 2019 | 2.72 | 0.94 |
| Feb 3, 2018 | 2.55 | 0.96 |
| Jan 28, 2017 | 2.58 | 0.93 |
| Jan 30, 2016 | 2.69 | 0.96 |
| Jan 31, 2015 | 2.61 | 0.98 |
| Feb 1, 2014 | 2.69 | 1.02 |
| Feb 2, 2013 | 2.72 | 1.04 |
| Jan 28, 2012 | 2.80 | 1.06 |
| Jan 29, 2011 | 2.75 | 1.08 |
| Jan 30, 2010 | 2.72 | 1.04 |
| Jan 31, 2009 | 3.08 | 0.94 |
| Jan 26, 2008 | 2.83 | 0.96 |
| Jan 27, 2007 | 2.86 | 0.88 |
| Jan 28, 2006 | 2.92 | 0.82 |
| Jan 29, 2005 | 2.94 | 0.85 |
Based on: 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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-26), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).