Analysis of Geographic Areas
TJX Cos. Inc. operates in 3 regions: United States; Canada; and International.
Area Asset Turnover
TJX Cos. Inc., asset turnover by geographic area
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
|---|---|---|---|---|---|---|
| United States | 7.50 | 8.27 | 8.59 | 9.52 | 6.62 | 7.90 |
| Canada | 14.26 | 14.80 | 17.93 | 17.54 | 11.76 | 15.51 |
| International | 6.45 | 6.14 | 6.27 | 5.83 | 4.04 | 5.61 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2023 to 2024 and from 2024 to 2025. |
| Canada | Canada area asset turnover ratio deteriorated from 2023 to 2024 and from 2024 to 2025. | |
| International | International area asset turnover ratio deteriorated from 2023 to 2024 but then improved from 2024 to 2025 exceeding 2023 level. |
Area Asset Turnover: United States
TJX Cos. Inc.; United States; area asset turnover calculation
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 43,990) | 42,403) | 38,809) | 38,478) | 25,459) | 32,021) |
| Long-lived tangible assets | 5,869) | 5,127) | 4,518) | 4,041) | 3,845) | 4,055) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 7.50 | 8.27 | 8.59 | 9.52 | 6.62 | 7.90 |
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).
1 2025 Calculation
Area asset turnover = Net sales ÷ Long-lived tangible assets
= 43,990 ÷ 5,869 = 7.50
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2023 to 2024 and from 2024 to 2025. |
Area Asset Turnover: Canada
TJX Cos. Inc.; Canada; area asset turnover calculation
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 5,189) | 5,046) | 4,912) | 4,343) | 2,836) | 4,031) |
| Long-lived tangible assets | 364) | 341) | 274) | 248) | 241) | 260) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 14.26 | 14.80 | 17.93 | 17.54 | 11.76 | 15.51 |
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).
1 2025 Calculation
Area asset turnover = Net sales ÷ Long-lived tangible assets
= 5,189 ÷ 364 = 14.26
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio deteriorated from 2023 to 2024 and from 2024 to 2025. |
Area Asset Turnover: International
TJX Cos. Inc.; International; area asset turnover calculation
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 7,181) | 6,768) | 6,215) | 5,729) | 3,842) | 5,665) |
| Long-lived tangible assets | 1,113) | 1,103) | 991) | 982) | 950) | 1,010) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 6.45 | 6.14 | 6.27 | 5.83 | 4.04 | 5.61 |
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).
1 2025 Calculation
Area asset turnover = Net sales ÷ Long-lived tangible assets
= 7,181 ÷ 1,113 = 6.45
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio deteriorated from 2023 to 2024 but then improved from 2024 to 2025 exceeding 2023 level. |
Long-lived tangible assets
TJX Cos. Inc., long-lived tangible assets by geographic area
US$ in millions
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
|---|---|---|---|---|---|---|
| United States | 5,869) | 5,127) | 4,518) | 4,041) | 3,845) | 4,055) |
| Canada | 364) | 341) | 274) | 248) | 241) | 260) |
| International | 1,113) | 1,103) | 991) | 982) | 950) | 1,010) |
| Total | 7,346) | 6,571) | 5,783) | 5,271) | 5,036) | 5,325) |
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).
Net sales
TJX Cos. Inc., net sales by geographic area
US$ in millions
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
|---|---|---|---|---|---|---|
| United States | 43,990) | 42,403) | 38,809) | 38,478) | 25,459) | 32,021) |
| Canada | 5,189) | 5,046) | 4,912) | 4,343) | 2,836) | 4,031) |
| International | 7,181) | 6,768) | 6,215) | 5,729) | 3,842) | 5,665) |
| Total | 56,360) | 54,217) | 49,936) | 48,550) | 32,137) | 41,717) |
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).