Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

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DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

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Two-Component Disaggregation of ROE

TJX Cos. Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Nov 2, 2024 = ×
Aug 3, 2024 = ×
May 4, 2024 = ×
Feb 3, 2024 = ×
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 = ×

Based on: 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 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).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2025 is the decrease in profitability measured by return on assets ratio (ROA).


Three-Component Disaggregation of ROE

TJX Cos. Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Nov 2, 2024 = × ×
Aug 3, 2024 = × ×
May 4, 2024 = × ×
Feb 3, 2024 = × ×
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 = × ×

Based on: 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 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).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2025 is the decrease in efficiency measured by asset turnover ratio.


Two-Component Disaggregation of ROA

TJX Cos. Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Nov 2, 2024 = ×
Aug 3, 2024 = ×
May 4, 2024 = ×
Feb 3, 2024 = ×
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 = ×

Based on: 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 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).

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2025 is the decrease in asset turnover ratio.