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GuruFocus has detected 3 Warning Signs with TJX Companies Inc $TJX.
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TJX Companies Inc (NYSE:TJX)
Days Payable
30.00 (As of Jan. 2017)

TJX Companies Inc's payable for the three months ended in Jan. 2017 was $2,231 Mil. TJX Companies Inc's cost of goods sold for the three months ended in Jan. 2017 was $6,787 Mil. Hence, TJX Companies Inc's days payable for the three months ended in Jan. 2017 was 30.00.

TJX' s Days Payable Range Over the Past 10 Years
Min: 32.36   Max: 40
Current: 34.55

32.36
40

During the past 13 years, TJX Companies Inc's highest Days Payable was 40.00. The lowest was 32.36. And the median was 36.06.

TJX's Days Payable is ranked lower than
74% of the 657 Companies
in the Global Apparel Stores industry.

( Industry Median: 53.24 vs. TJX: 34.55 )

TJX Companies Inc's days payable declined from Jan. 2016 (31.47) to Jan. 2017 (30.00). It may suggest that TJX Companies Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

TJX Companies Inc's Days Payable for the fiscal year that ended in Jan. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2230.904/23565.754*365
=34.55

TJX Companies Inc's Days Payable for the quarter that ended in Jan. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2230.904/6786.777*365 / 4
=30.00

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

TJX Companies Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysPayable 40.0032.3636.7738.3235.6338.0532.9835.2736.4934.55

TJX Companies Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
DaysPayable 44.7930.7439.9339.5044.6831.4736.2937.0441.9530.00
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