Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Analysis of Profitability Ratios

Microsoft Excel LibreOffice Calc

Profitability Ratios (Summary)

TJX Cos. Inc., profitability ratios

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Return on Sales
Gross profit margin 23.66% 28.46% 28.59% 28.89% 28.98% 28.79%
Operating profit margin 1.81% 10.59% 10.82% 10.84% 11.60% 11.97%
Net profit margin 0.28% 7.84% 7.85% 7.27% 6.93% 7.36%
Return on Investment
Return on equity (ROE) 1.55% 55.01% 60.61% 50.66% 50.95% 52.88%
Return on assets (ROA) 0.29% 13.55% 21.36% 18.55% 17.84% 19.81%

Based on: 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).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. TJX Cos. Inc. gross profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. TJX Cos. Inc. operating profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. TJX Cos. Inc. net profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. TJX Cos. Inc. ROE deteriorated from 2019 to 2020 and from 2020 to 2021.
ROA A profitability ratio calculated as net income divided by total assets. TJX Cos. Inc. ROA deteriorated from 2019 to 2020 and from 2020 to 2021.

Gross Profit Margin

TJX Cos. Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Gross earnings 7,603,147  11,871,197  11,141,757  10,362,497  9,617,990  8,910,415 
Net sales 32,136,962  41,716,977  38,972,934  35,864,664  33,183,744  30,944,938 
Profitability Ratio
Gross profit margin1 23.66% 28.46% 28.59% 28.89% 28.98% 28.79%
Benchmarks
Gross Profit Margin, Competitors2
Amazon.com Inc. 39.57% 40.99% 40.25% 37.07% 35.09%
Booking Holdings Inc. 100.00% 100.00% 100.00% 98.02% 96.01%
Home Depot Inc. 33.95% 34.09% 34.34% 34.05% 34.16% 34.19%
Lowe’s Cos. Inc. 33.01% 31.80% 32.12% 34.11% 34.55% 34.82%
Target Corp. 28.38% 28.87% 28.39% 28.87% 29.68% 29.53%

Based on: 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).

1 2021 Calculation
Gross profit margin = 100 × Gross earnings ÷ Net sales
= 100 × 7,603,147 ÷ 32,136,962 = 23.66%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. TJX Cos. Inc. gross profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Operating Profit Margin

TJX Cos. Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Operating income 582,230  4,416,209  4,218,193  3,888,176  3,849,523  3,704,700 
Net sales 32,136,962  41,716,977  38,972,934  35,864,664  33,183,744  30,944,938 
Profitability Ratio
Operating profit margin1 1.81% 10.59% 10.82% 10.84% 11.60% 11.97%
Benchmarks
Operating Profit Margin, Competitors2
Amazon.com Inc. 5.93% 5.18% 5.33% 2.31% 3.08%
Booking Holdings Inc. -9.28% 35.48% 36.77% 35.79% 27.05%
Home Depot Inc. 13.84% 14.37% 14.35% 14.55% 14.19% 13.30%
Lowe’s Cos. Inc. 10.77% 8.75% 5.63% 9.60% 8.99% 8.41%
Target Corp. 7.08% 6.04% 5.52% 6.00% 7.15% 7.49%
Operating Profit Margin, Sector
Retailing 7.71% 8.12% 9.00% 8.11% 8.29%
Operating Profit Margin, Industry
Consumer Discretionary 6.77% 7.42% 7.88% 8.30% 8.19%

Based on: 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).

1 2021 Calculation
Operating profit margin = 100 × Operating income ÷ Net sales
= 100 × 582,230 ÷ 32,136,962 = 1.81%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. TJX Cos. Inc. operating profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Net Profit Margin

TJX Cos. Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Net income 90,470  3,272,193  3,059,798  2,607,948  2,298,234  2,277,658 
Net sales 32,136,962  41,716,977  38,972,934  35,864,664  33,183,744  30,944,938 
Profitability Ratio
Net profit margin1 0.28% 7.84% 7.85% 7.27% 6.93% 7.36%
Benchmarks
Net Profit Margin, Competitors2
Amazon.com Inc. 5.53% 4.13% 4.33% 1.71% 1.74%
Booking Holdings Inc. 0.87% 32.29% 27.52% 18.46% 19.87%
Home Depot Inc. 9.74% 10.20% 10.28% 8.55% 8.41% 7.92%
Lowe’s Cos. Inc. 6.51% 5.93% 3.25% 5.02% 4.76% 4.31%
Target Corp. 4.73% 4.25% 3.95% 4.08% 3.94% 4.56%
Net Profit Margin, Sector
Retailing 6.26% 6.10% 6.04% 4.74% 4.94%
Net Profit Margin, Industry
Consumer Discretionary 5.58% 5.74% 6.02% 4.32% 5.66%

Based on: 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).

1 2021 Calculation
Net profit margin = 100 × Net income ÷ Net sales
= 100 × 90,470 ÷ 32,136,962 = 0.28%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. TJX Cos. Inc. net profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Return on Equity (ROE)

TJX Cos. Inc., ROE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Net income 90,470  3,272,193  3,059,798  2,607,948  2,298,234  2,277,658 
Shareholders’ equity 5,832,684  5,948,212  5,048,606  5,148,309  4,510,599  4,307,075 
Profitability Ratio
ROE1 1.55% 55.01% 60.61% 50.66% 50.95% 52.88%
Benchmarks
ROE, Competitors2
Amazon.com Inc. 22.84% 18.67% 23.13% 10.95% 12.29%
Booking Holdings Inc. 1.21% 82.00% 45.51% 20.79% 21.74%
Home Depot Inc. 390.00% 593.54% 183.64% 110.97%
Lowe’s Cos. Inc. 406.05% 217.09% 63.50% 58.69% 48.07% 33.26%
Target Corp. 30.25% 27.73% 26.00% 25.06% 24.99% 25.96%
ROE, Sector
Retailing 37.82% 41.68% 41.41% 32.91% 32.65%
ROE, Industry
Consumer Discretionary 28.02% 34.17% 34.03% 23.10% 28.77%

Based on: 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).

1 2021 Calculation
ROE = 100 × Net income ÷ Shareholders’ equity
= 100 × 90,470 ÷ 5,832,684 = 1.55%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. TJX Cos. Inc. ROE deteriorated from 2019 to 2020 and from 2020 to 2021.

Return on Assets (ROA)

TJX Cos. Inc., ROA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016
Selected Financial Data (US$ in thousands)
Net income 90,470  3,272,193  3,059,798  2,607,948  2,298,234  2,277,658 
Total assets 30,813,555  24,145,003  14,326,029  14,058,015  12,883,808  11,499,482 
Profitability Ratio
ROA1 0.29% 13.55% 21.36% 18.55% 17.84% 19.81%
Benchmarks
ROA, Competitors2
Amazon.com Inc. 6.64% 5.14% 6.19% 2.31% 2.84%
Booking Holdings Inc. 0.27% 22.73% 17.62% 9.20% 10.76%
Home Depot Inc. 18.23% 21.94% 25.27% 19.38% 18.52% 16.47%
Lowe’s Cos. Inc. 12.49% 10.85% 6.71% 9.77% 8.99% 8.14%
Target Corp. 8.52% 7.67% 7.11% 7.52% 7.31% 8.35%
ROA, Sector
Retailing 8.68% 9.42% 9.96% 7.54% 8.61%
ROA, Industry
Consumer Discretionary 4.92% 5.59% 6.01% 4.16% 5.70%

Based on: 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).

1 2021 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 90,470 ÷ 30,813,555 = 0.29%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. TJX Cos. Inc. ROA deteriorated from 2019 to 2020 and from 2020 to 2021.