Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

TJX Cos. Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

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


Comparison to Sector (Consumer Discretionary Distribution & Retail)

TJX Cos. Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

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)