Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

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

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Turnover Ratios
Inventory turnover 4.48 5.56 5.64 6.21 4.26 5.04 5.10 5.82 4.90 6.04 5.35 5.66 5.08 6.88 5.59 6.13 4.64 5.64 5.59 6.08 4.99 5.96 5.98 6.09
Receivables turnover 93.44 93.48 85.71 88.70 86.31 89.32 86.53 93.79 74.20 70.21 60.88 69.69 72.02 75.94 213.66 108.00 91.76 106.12 100.60 112.54 92.44 105.97 99.83 109.62
Payables turnover 6.85 8.26 8.43 9.53 7.11 8.74 8.16 7.77 5.97 6.96 6.17 5.09 4.13 10.64 25.79 11.17 8.45 11.00 10.97 10.53 8.28 9.99 10.42 10.25
Working capital turnover 24.16 25.35 24.41 23.22 28.07 29.41 20.26 17.40 14.05 12.91 7.40 6.51 6.91 8.72 6.55 23.97 24.08 23.99 26.62 13.27 11.75 11.43 10.67 10.67
Average No. Days
Average inventory processing period 81 66 65 59 86 72 72 63 74 60 68 65 72 53 65 60 79 65 65 60 73 61 61 60
Add: Average receivable collection period 4 4 4 4 4 4 4 4 5 5 6 5 5 5 2 3 4 3 4 3 4 3 4 3
Operating cycle 85 70 69 63 90 76 76 67 79 65 74 70 77 58 67 63 83 68 69 63 77 64 65 63
Less: Average payables payment period 53 44 43 38 51 42 45 47 61 52 59 72 88 34 14 33 43 33 33 35 44 37 35 36
Cash conversion cycle 32 26 26 25 39 34 31 20 18 13 15 -2 -11 24 53 30 40 35 36 28 33 27 30 27

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. TJX Cos. Inc. inventory turnover ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. TJX Cos. Inc. receivables turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. TJX Cos. Inc. payables turnover ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. TJX Cos. Inc. working capital turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Short-term activity 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. number of days of inventory outstanding deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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. operating cycle deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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. number of days of payables outstanding increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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.

Inventory Turnover

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

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data (US$ in millions)
Cost of sales, including buying and occupancy costs 9,139 8,910 8,374 10,732 8,623 8,572 8,223 10,095 8,836 8,528 7,256 7,883 7,062 5,174 4,414 8,742 7,440 7,026 6,638 8,034 6,983 6,636 6,178 7,849 6,150 5,973 5,530
Merchandise inventories 8,285 6,585 6,441 5,819 8,329 7,083 6,990 5,962 6,633 5,087 5,115 4,337 4,998 3,744 4,946 4,873 6,275 5,087 5,057 4,579 5,543 4,499 4,370 4,187 4,726 3,864 3,736
Short-term Activity Ratio
Inventory turnover1 4.48 5.56 5.64 6.21 4.26 5.04 5.10 5.82 4.90 6.04 5.35 5.66 5.08 6.88 5.59 6.13 4.64 5.64 5.59 6.08 4.99 5.96 5.98 6.09
Benchmarks
Inventory Turnover, Competitors2
Amazon.com Inc. 9.15 8.41 8.01 8.49 8.40 7.80 7.30 7.90 8.34 8.69 10.90 10.54 9.80 8.76 9.81 9.33 8.08
Home Depot Inc. 4.49 4.43 4.08 4.20 4.07 3.96 4.01 4.55 4.76 5.06 4.87 5.25 5.13 5.83 4.93 5.00 4.65 4.91 4.65 5.10
Lowe’s Cos. Inc. 3.43 3.57 3.28 3.50 3.23 3.29 3.14 3.65 3.82 3.66 3.44 3.71 3.64 3.90 3.52 3.73 3.57 3.58 3.26 3.85

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Inventory turnover = (Cost of sales, including buying and occupancy costsQ3 2024 + Cost of sales, including buying and occupancy costsQ2 2024 + Cost of sales, including buying and occupancy costsQ1 2024 + Cost of sales, including buying and occupancy costsQ4 2023) ÷ Merchandise inventories
= (9,139 + 8,910 + 8,374 + 10,732) ÷ 8,285 = 4.48

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. TJX Cos. Inc. inventory turnover ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Receivables Turnover

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

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data (US$ in millions)
Net sales 13,265 12,758 11,783 14,520 12,166 11,843 11,406 13,854 12,532 12,077 10,087 10,943 10,117 6,668 4,409 12,206 10,451 9,782 9,278 11,127 9,826 9,331 8,689 10,961 8,762 8,358 7,784
Accounts receivable, net 560 548 587 563 571 556 576 518 615 616 621 461 464 444 172 386 443 377 393 346 420 356 368 327 346 305 317
Short-term Activity Ratio
Receivables turnover1 93.44 93.48 85.71 88.70 86.31 89.32 86.53 93.79 74.20 70.21 60.88 69.69 72.02 75.94 213.66 108.00 91.76 106.12 100.60 112.54 92.44 105.97 99.83 109.62
Benchmarks
Receivables Turnover, Competitors2
Home Depot Inc. 39.09 40.37 36.97 47.45 42.15 41.67 38.76 44.12 41.81 43.47 39.00 44.15 47.12 46.57 42.95 52.34 49.72 48.38 47.32 55.89

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Receivables turnover = (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023) ÷ Accounts receivable, net
= (13,265 + 12,758 + 11,783 + 14,520) ÷ 560 = 93.44

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. TJX Cos. Inc. receivables turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Payables Turnover

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

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data (US$ in millions)
Cost of sales, including buying and occupancy costs 9,139 8,910 8,374 10,732 8,623 8,572 8,223 10,095 8,836 8,528 7,256 7,883 7,062 5,174 4,414 8,742 7,440 7,026 6,638 8,034 6,983 6,636 6,178 7,849 6,150 5,973 5,530
Accounts payable 5,425 4,438 4,304 3,794 4,993 4,085 4,371 4,465 5,443 4,413 4,433 4,823 6,143 2,422 1,071 2,673 3,447 2,608 2,578 2,644 3,341 2,683 2,509 2,488 2,986 2,347 2,175
Short-term Activity Ratio
Payables turnover1 6.85 8.26 8.43 9.53 7.11 8.74 8.16 7.77 5.97 6.96 6.17 5.09 4.13 10.64 25.79 11.17 8.45 11.00 10.97 10.53 8.28 9.99 10.42 10.25
Benchmarks
Payables Turnover, Competitors2
Amazon.com Inc. 3.59 4.14 4.22 4.34 3.63 4.22 3.91 4.03 3.46 3.76 3.98 3.93 3.22 3.57 3.77 4.39 3.51
Home Depot Inc. 8.92 8.51 8.20 9.14 8.43 7.19 6.59 7.45 7.32 7.47 6.44 7.52 6.42 6.73 7.35 9.33 7.91 7.62 6.99 9.16
Lowe’s Cos. Inc. 6.07 6.02 5.39 6.16 5.22 5.03 4.59 5.65 5.62 5.28 4.52 5.51 4.48 4.18 4.63 6.42 5.54 5.18 4.26 5.85

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Payables turnover = (Cost of sales, including buying and occupancy costsQ3 2024 + Cost of sales, including buying and occupancy costsQ2 2024 + Cost of sales, including buying and occupancy costsQ1 2024 + Cost of sales, including buying and occupancy costsQ4 2023) ÷ Accounts payable
= (9,139 + 8,910 + 8,374 + 10,732) ÷ 5,425 = 6.85

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. TJX Cos. Inc. payables turnover ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Working Capital Turnover

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

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data (US$ in millions)
Current assets 13,806 12,338 12,595 12,456 12,989 11,835 12,480 13,259 14,576 13,389 15,016 15,739 16,654 11,518 10,296 8,891 9,375 8,269 8,067 8,469 9,317 8,440 8,422 8,486 8,390 7,568 7,549
Less: Current liabilities 11,640 10,317 10,534 10,305 11,234 10,147 10,019 10,468 11,329 10,042 9,907 10,804 11,817 7,647 4,670 7,150 7,687 6,601 6,581 5,531 6,014 5,138 4,977 5,126 5,468 4,657 4,605
Working capital 2,166 2,021 2,061 2,151 1,755 1,688 2,462 2,790 3,247 3,347 5,109 4,936 4,837 3,871 5,627 1,740 1,687 1,668 1,486 2,938 3,303 3,302 3,445 3,360 2,922 2,911 2,943
 
Net sales 13,265 12,758 11,783 14,520 12,166 11,843 11,406 13,854 12,532 12,077 10,087 10,943 10,117 6,668 4,409 12,206 10,451 9,782 9,278 11,127 9,826 9,331 8,689 10,961 8,762 8,358 7,784
Short-term Activity Ratio
Working capital turnover1 24.16 25.35 24.41 23.22 28.07 29.41 20.26 17.40 14.05 12.91 7.40 6.51 6.91 8.72 6.55 23.97 24.08 23.99 26.62 13.27 11.75 11.43 10.67 10.67
Benchmarks
Working Capital Turnover, Competitors2
Amazon.com Inc. 77.32 24.33 31.50 19.23 69.81 60.82 31.47 18.92 47.22 32.92
Home Depot Inc. 21.62 20.37 22.32 16.81 16.73 30.40 43.84 417.56 41.45 90.49 48.51 24.87 13.79 16.66 28.53 76.81 68.95 57.87 124.59 59.68
Lowe’s Cos. Inc. 25.98 20.16 20.34 50.26 23.32 41.46 25.26 245.54 23.72 27.67 24.04 24.92 11.60 12.67 20.57 530.50 119.81 74.71 46.13

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Working capital turnover = (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023) ÷ Working capital
= (13,265 + 12,758 + 11,783 + 14,520) ÷ 2,166 = 24.16

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. TJX Cos. Inc. working capital turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Average Inventory Processing Period

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

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data
Inventory turnover 4.48 5.56 5.64 6.21 4.26 5.04 5.10 5.82 4.90 6.04 5.35 5.66 5.08 6.88 5.59 6.13 4.64 5.64 5.59 6.08 4.99 5.96 5.98 6.09
Short-term Activity Ratio (no. days)
Average inventory processing period1 81 66 65 59 86 72 72 63 74 60 68 65 72 53 65 60 79 65 65 60 73 61 61 60
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Amazon.com Inc. 40 43 46 43 43 47 50 46 44 42 33 35 37 42 37 39 45
Home Depot Inc. 81 82 89 87 90 92 91 80 77 72 75 70 71 63 74 73 78 74 78 72
Lowe’s Cos. Inc. 106 102 111 104 113 111 116 100 96 100 106 98 100 94 104 98 102 102 112 95

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 4.48 = 81

2 Click competitor name to see calculations.

Short-term activity 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. number of days of inventory outstanding deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Receivable Collection Period

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

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data
Receivables turnover 93.44 93.48 85.71 88.70 86.31 89.32 86.53 93.79 74.20 70.21 60.88 69.69 72.02 75.94 213.66 108.00 91.76 106.12 100.60 112.54 92.44 105.97 99.83 109.62
Short-term Activity Ratio (no. days)
Average receivable collection period1 4 4 4 4 4 4 4 4 5 5 6 5 5 5 2 3 4 3 4 3 4 3 4 3
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Home Depot Inc. 9 9 10 8 9 9 9 8 9 8 9 8 8 8 8 7 7 8 8 7

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 93.44 = 4

2 Click competitor name to see calculations.

Short-term activity 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. days

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data
Average inventory processing period 81 66 65 59 86 72 72 63 74 60 68 65 72 53 65 60 79 65 65 60 73 61 61 60
Average receivable collection period 4 4 4 4 4 4 4 4 5 5 6 5 5 5 2 3 4 3 4 3 4 3 4 3
Short-term Activity Ratio
Operating cycle1 85 70 69 63 90 76 76 67 79 65 74 70 77 58 67 63 83 68 69 63 77 64 65 63
Benchmarks
Operating Cycle, Competitors2
Home Depot Inc. 90 91 99 95 99 101 100 88 86 80 84 78 79 71 82 80 85 82 86 79

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 81 + 4 = 85

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. TJX Cos. Inc. operating cycle deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Payables Payment Period

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

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data
Payables turnover 6.85 8.26 8.43 9.53 7.11 8.74 8.16 7.77 5.97 6.96 6.17 5.09 4.13 10.64 25.79 11.17 8.45 11.00 10.97 10.53 8.28 9.99 10.42 10.25
Short-term Activity Ratio (no. days)
Average payables payment period1 53 44 43 38 51 42 45 47 61 52 59 72 88 34 14 33 43 33 33 35 44 37 35 36
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Amazon.com Inc. 102 88 87 84 101 86 93 91 105 97 92 93 113 102 97 83 104
Home Depot Inc. 41 43 45 40 43 51 55 49 50 49 57 49 57 54 50 39 46 48 52 40
Lowe’s Cos. Inc. 60 61 68 59 70 72 79 65 65 69 81 66 81 87 79 57 66 70 86 62

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.85 = 53

2 Click competitor name to see calculations.

Short-term activity 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. number of days of payables outstanding increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Cash Conversion Cycle

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

No. days

Microsoft Excel
Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 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
Selected Financial Data
Average inventory processing period 81 66 65 59 86 72 72 63 74 60 68 65 72 53 65 60 79 65 65 60 73 61 61 60
Average receivable collection period 4 4 4 4 4 4 4 4 5 5 6 5 5 5 2 3 4 3 4 3 4 3 4 3
Average payables payment period 53 44 43 38 51 42 45 47 61 52 59 72 88 34 14 33 43 33 33 35 44 37 35 36
Short-term Activity Ratio
Cash conversion cycle1 32 26 26 25 39 34 31 20 18 13 15 -2 -11 24 53 30 40 35 36 28 33 27 30 27
Benchmarks
Cash Conversion Cycle, Competitors2
Home Depot Inc. 49 48 54 55 56 50 45 39 36 31 27 29 22 17 32 41 39 34 34 39

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q3 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 81 + 453 = 32

2 Click competitor name to see calculations.

Short-term activity 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.