Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. TJX's annualized net income for the quarter that ended in Jan. 2024 was $5,612 Mil. TJX's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $6,973 Mil. Therefore, TJX's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 80.48%.
The historical rank and industry rank for TJX's Return-on-Tangible-Equity or its related term are showing as below:
TJX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.55 Med: 56.44 Max: 67.68
Current: 67.68
During the past 13 years, TJX's highest Return-on-Tangible-Equity was 67.68%. The lowest was 1.55%. And the median was 56.44%.
TJX's Return-on-Tangible-Equity is ranked better than 90.75% of 1049
companies
in the Retail - Cyclical industry
Industry Median: 7.64
vs TJX: 67.68
TJX Return-on-Tangible-Equity Historical Data
The historical data trend for TJX's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
TJX Annual Data
Trend
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Jan24
Return-on-Tangible-Equity
60.58
1.55
56.41
57.47
66.41
TJX Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Return-on-Tangible-Equity
70.15
56.60
61.62
71.90
80.48
Competitive Comparison
For the Apparel Retail subindustry, TJX's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TJX Return-on-Tangible-Equity Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, TJX's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TJX's Return-on-Tangible-Equity falls into.
TJX Return-on-Tangible-Equity Calculation
TJX's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
TJX Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of TJX's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 4,900 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.
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