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TJX Cos. Inc. (TJX)


Short-term (Operating) Activity Analysis
Quarterly Data

Difficulty: Beginner


Ratios (Summary)

TJX Cos. Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Turnover Ratios
Inventory turnover hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Receivables turnover hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Payables turnover hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Working capital turnover hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Average No. of Days
Average inventory processing period hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Add: Average receivable collection period hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Operating cycle hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Less: Average payables payment period hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Cash conversion cycle hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. TJX Cos. Inc.’s inventory turnover improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. TJX Cos. Inc.’s receivables turnover improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020 not reaching Q3 2019 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. TJX Cos. Inc.’s payables turnover increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital. TJX Cos. Inc.’s working capital turnover improved from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. TJX Cos. Inc.’s average inventory processing period improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period. TJX Cos. Inc.’s operating cycle improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. TJX Cos. Inc.’s average payables payment period declined from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. TJX Cos. Inc.’s cash conversion cycle improved from Q3 2019 to Q4 2019 but then deteriorated significantly from Q4 2019 to Q1 2020.

Inventory Turnover

TJX Cos. Inc., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data (USD $ in thousands)
Cost of sales, including buying and occupancy costs hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Merchandise inventories hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio
Inventory turnover1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Inventory turnover = (Cost of sales, including buying and occupancy costsQ1 2020 + Cost of sales, including buying and occupancy costsQ4 2019 + Cost of sales, including buying and occupancy costsQ3 2019 + Cost of sales, including buying and occupancy costsQ2 2019) ÷ Merchandise inventories
= (hidden + hidden + hidden + hidden) ÷ hidden = hidden

Ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. TJX Cos. Inc.’s inventory turnover improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020.

Receivables Turnover

TJX Cos. Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data (USD $ in thousands)
Net sales hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Accounts receivable, net hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio
Receivables turnover1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Receivables turnover = (Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019 + Net salesQ2 2019) ÷ Accounts receivable, net
= (hidden + hidden + hidden + hidden) ÷ hidden = hidden

Ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. TJX Cos. Inc.’s receivables turnover improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020 not reaching Q3 2019 level.

Payables Turnover

TJX Cos. Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data (USD $ in thousands)
Cost of sales, including buying and occupancy costs hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Accounts payable hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio
Payables turnover1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Payables turnover = (Cost of sales, including buying and occupancy costsQ1 2020 + Cost of sales, including buying and occupancy costsQ4 2019 + Cost of sales, including buying and occupancy costsQ3 2019 + Cost of sales, including buying and occupancy costsQ2 2019) ÷ Accounts payable
= (hidden + hidden + hidden + hidden) ÷ hidden = hidden

Ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. TJX Cos. Inc.’s payables turnover increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Working Capital Turnover

TJX Cos. Inc., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data (USD $ in thousands)
Current assets hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Less: Current liabilities hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Working capital hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Net sales hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio
Working capital turnover1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Working capital turnover = (Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019 + Net salesQ2 2019) ÷ Working capital
= (hidden + hidden + hidden + hidden) ÷ hidden = hidden

Ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. TJX Cos. Inc.’s working capital turnover improved from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Average Inventory Processing Period

TJX Cos. Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data
Inventory turnover hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio (no. of days)
Average inventory processing period1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ hidden = hidden

Ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. TJX Cos. Inc.’s average inventory processing period improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020.

Average Receivable Collection Period

TJX Cos. Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data
Receivables turnover hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio (no. of days)
Average receivable collection period1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ hidden = hidden

Ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

TJX Cos. Inc., operating cycle calculation (quarterly data)

No. of days

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data
Average inventory processing period hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Average receivable collection period hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio
Operating cycle1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Operating cycle = Average inventory processing period + Average receivable collection period
= hidden + hidden = hidden

Ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. TJX Cos. Inc.’s operating cycle improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020.

Average Payables Payment Period

TJX Cos. Inc., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data
Payables turnover hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio (no. of days)
Average payables payment period1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ hidden = hidden

Ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. TJX Cos. Inc.’s average payables payment period declined from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Cash Conversion Cycle

TJX Cos. Inc., cash conversion cycle calculation (quarterly data)

No. of days

Microsoft Excel LibreOffice Calc
May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014 Feb 1, 2014 Nov 2, 2013 Aug 3, 2013 May 4, 2013
Selected Financial Data
Average inventory processing period hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Average receivable collection period hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Average payables payment period hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden
Ratio
Cash conversion cycle1 hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden hidden

Based on: 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30), 10-K (filing date: 2014-04-01), 10-Q (filing date: 2013-12-03), 10-Q (filing date: 2013-08-30), 10-Q (filing date: 2013-05-31).

Q1 2020 Calculations

1 Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= hidden + hiddenhidden = hidden

Ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. TJX Cos. Inc.’s cash conversion cycle improved from Q3 2019 to Q4 2019 but then deteriorated significantly from Q4 2019 to Q1 2020.