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 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
|---|---|---|---|---|---|---|
| United States | 8.27 | 8.59 | 9.52 | 6.62 | 7.90 | 7.94 |
| Canada | 14.80 | 17.93 | 17.54 | 11.76 | 15.51 | 12.75 |
| International | 6.14 | 6.27 | 5.83 | 4.04 | 5.61 | 4.40 |
Based on: 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), 10-K (reporting date: 2019-02-02).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Canada | Canada area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
| International | International area asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Area Asset Turnover: United States
TJX Cos. Inc.; United States; area asset turnover calculation
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 42,403) | 38,809) | 38,478) | 25,459) | 32,021) | 29,845) |
| Long-lived tangible assets | 5,127) | 4,518) | 4,041) | 3,845) | 4,055) | 3,757) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 8.27 | 8.59 | 9.52 | 6.62 | 7.90 | 7.94 |
Based on: 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), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived tangible assets
= 42,403 ÷ 5,127 = 8.27
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Canada
TJX Cos. Inc.; Canada; area asset turnover calculation
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 5,046) | 4,912) | 4,343) | 2,836) | 4,031) | 3,870) |
| Long-lived tangible assets | 341) | 274) | 248) | 241) | 260) | 303) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 14.80 | 17.93 | 17.54 | 11.76 | 15.51 | 12.75 |
Based on: 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), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived tangible assets
= 5,046 ÷ 341 = 14.80
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Area Asset Turnover: International
TJX Cos. Inc.; International; area asset turnover calculation
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 6,768) | 6,215) | 5,729) | 3,842) | 5,665) | 5,258) |
| Long-lived tangible assets | 1,103) | 991) | 982) | 950) | 1,010) | 1,195) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 6.14 | 6.27 | 5.83 | 4.04 | 5.61 | 4.40 |
Based on: 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), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived tangible assets
= 6,768 ÷ 1,103 = 6.14
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Long-lived tangible assets
TJX Cos. Inc., long-lived tangible assets by geographic area
US$ in millions
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
|---|---|---|---|---|---|---|
| United States | 5,127) | 4,518) | 4,041) | 3,845) | 4,055) | 3,757) |
| Canada | 341) | 274) | 248) | 241) | 260) | 303) |
| International | 1,103) | 991) | 982) | 950) | 1,010) | 1,195) |
| Total | 6,571) | 5,783) | 5,271) | 5,036) | 5,325) | 5,255) |
Based on: 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), 10-K (reporting date: 2019-02-02).
Net sales
TJX Cos. Inc., net sales by geographic area
US$ in millions
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
|---|---|---|---|---|---|---|
| United States | 42,403) | 38,809) | 38,478) | 25,459) | 32,021) | 29,845) |
| Canada | 5,046) | 4,912) | 4,343) | 2,836) | 4,031) | 3,870) |
| International | 6,768) | 6,215) | 5,729) | 3,842) | 5,665) | 5,258) |
| Total | 54,217) | 49,936) | 48,550) | 32,137) | 41,717) | 38,973) |
Based on: 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), 10-K (reporting date: 2019-02-02).