T.J. Maxx Return on Invested Capital Trend from 2010 to 2022

TJX
 Stock
  

USD 66.65  1.28  1.96%   

T.J. Maxx Return on Invested Capital yearly trend continues to be fairly stable with very little volatility. Return on Invested Capital will likely drop to 0.48 in 2022. During the period from 2010 to 2022, T.J. Maxx Return on Invested Capital regression line of anual values had r-squared of 0.47 and arithmetic mean of  0.58. T.J. Maxx Consolidated Income is fairly stable at the moment as compared to the past year. T.J. Maxx reported Consolidated Income of 1.99 Billion in 2021. Earning Before Interest and Taxes EBIT is likely to rise to about 3.5 B in 2022, whereas Cost of Revenue is likely to drop slightly above 16 B in 2022.
  
Check T.J. Maxx financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among T.J. Maxx main balance sheet or income statement drivers, such as Direct Expenses of 29.2 B, Consolidated Income of 2.2 B or Cost of Revenue of 16 B, as well as many exotic indicators such as Interest Coverage of 68.12, Long Term Debt to Equity of 0.5 or Calculated Tax Rate of 33.13. T.J. Maxx financial statements analysis is a perfect complement when working with T.J. Maxx Valuation or Volatility modules. It can also supplement T.J. Maxx's financial leverage analysis and stock options assessment as well as various T.J. Maxx Technical models . Additionally, take a look at the analysis of T.J. Maxx Correlation against competitors.

T.J. Maxx Return on Invested Capital Breakdown

Showing smoothed Return on Invested Capital of TJX Companies with missing and latest data points interpolated. Return on Invested Capital is ratio estimated by dividing Earning Before Interest and Taxes EBIT by [InvCapAvg]. [InvCap] is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.T.J. Maxx's Return on Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in T.J. Maxx's overall financial position and show how it may be relating to other accounts over time.
Return on Invested Capital10 Years Trend
Decreasing
Slightly volatile
   Return on Invested Capital   
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       Timeline  

T.J. Maxx Return on Invested Capital Regression Statistics

Arithmetic Mean 0.58
Geometric Mean 0.58
Coefficient Of Variation 6.32
Mean Deviation 0.024278
Median 0.60
Standard Deviation 0.036977
Sample Variance 0.001367
Range 0.13
R-Value(0.69)
Mean Square Error 0.0007851
R-Squared 0.47
Significance 0.009303
Slope(0.006535)
Total Sum of Squares 0.016408

T.J. Maxx Return on Invested Capital History

2014 0.58
2016 0.6
2021 0.54
2022 0.48

About T.J. Maxx Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include T.J. Maxx income statement, its balance sheet, and the statement of cash flows. T.J. Maxx investors use historical funamental indicators, such as T.J. Maxx's Return on Invested Capital, to determine how well the company is positioned to perform in the future. Although T.J. Maxx investors may use each financial statement separately, they are all related. The changes in T.J. Maxx's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on T.J. Maxx's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on T.J. Maxx Financial Statements. Understanding these patterns can help to make the right decision on long term investment in T.J. Maxx. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Invested Capital 0.54  0.48 
Invested Capital4.8 B4.3 B
Invested Capital Average5.4 B4.5 B
Market Capitalization40.9 B44.1 B
Working Capital2.4 B1.9 B
The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. The company was incorporated in 1962 and is headquartered in Framingham, Massachusetts. T.J. Maxx operates under Apparel Retail classification in the United States and is traded on New York Stock Exchange. It employs 340000 people.

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Additionally, take a look at the analysis of T.J. Maxx Correlation against competitors. Note that the TJX Companies information on this page should be used as a complementary analysis to other T.J. Maxx's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Is T.J. Maxx's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of T.J. Maxx. If investors know T.J. Maxx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about T.J. Maxx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.11
Market Capitalization
76.6 B
Quarterly Revenue Growth YOY
0.13
Return On Assets
0.1
Return On Equity
0.57
The market value of TJX Companies is measured differently than its book value, which is the value of T.J. Maxx that is recorded on the company's balance sheet. Investors also form their own opinion of T.J. Maxx's value that differs from its market value or its book value, called intrinsic value, which is T.J. Maxx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because T.J. Maxx's market value can be influenced by many factors that don't directly affect T.J. Maxx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between T.J. Maxx's value and its price as these two are different measures arrived at by different means. Investors typically determine T.J. Maxx value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, T.J. Maxx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.