T.J. Invested Capital vs Total Assets Analysis
TJX Stock | USD 93.36 0.70 0.76% |
T.J. Maxx financial indicator trend analysis is much more than just breaking down TJX Companies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TJX Companies is a good investment. Please check the relationship between T.J. Maxx Invested Capital and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The TJX Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
Invested Capital vs Total Assets
Invested Capital vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TJX Companies Invested Capital account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between T.J. Maxx's Invested Capital and Total Assets is -0.28. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of The TJX Companies, assuming nothing else is changed. The correlation between historical values of T.J. Maxx's Invested Capital and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of The TJX Companies are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Invested Capital i.e., T.J. Maxx's Invested Capital and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to The TJX Companies. There are two different methods for calculating TJX Companies invested capital: operating approach and financing approach. Understanding T.J. Maxx invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Total Assets
Total assets refers to the total amount of T.J. Maxx assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in TJX Companies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from T.J. Maxx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TJX Companies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The TJX Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. At this time, T.J. Maxx's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 13.7 B in 2024, whereas Discontinued Operations is likely to drop slightly above 2.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 48.5B | 49.9B | 54.2B | 56.9B | Depreciation And Amortization | 868M | 887M | 964M | 1.0B |
T.J. Maxx fundamental ratios Correlations
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T.J. Maxx Account Relationship Matchups
High Positive Relationship
High Negative Relationship
T.J. Maxx fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.1B | 30.8B | 28.5B | 28.3B | 29.7B | 31.2B | |
Short Long Term Debt Total | 11.5B | 15.5B | 12.5B | 12.7B | 12.5B | 13.2B | |
Other Current Liab | 883.7M | 1.1B | 4.4B | 4.2B | 4.5B | 4.7B | |
Total Current Liabilities | 7.2B | 10.8B | 10.5B | 10.3B | 10.5B | 11.0B | |
Total Stockholder Equity | 5.9B | 5.8B | 6.0B | 6.4B | 7.3B | 7.7B | |
Property Plant And Equipment Net | 14.4B | 14.0B | 14.1B | 14.9B | 16.0B | 16.8B | |
Net Debt | 8.2B | 5.0B | 6.3B | 7.3B | 6.9B | 7.3B | |
Retained Earnings | 5.4B | 5.0B | 5.5B | 5.8B | 6.7B | 7.0B | |
Cash | 3.2B | 10.5B | 6.2B | 5.5B | 5.6B | 5.9B | |
Non Current Assets Total | 15.3B | 15.1B | 15.2B | 15.9B | 17.1B | 17.9B | |
Non Currrent Assets Other | 773.5M | 949.2M | 796.5M | 769M | 1.0B | 1.1B | |
Cash And Short Term Investments | 3.2B | 10.5B | 6.2B | 5.5B | 5.6B | 5.9B | |
Net Receivables | 801.3M | 932.3M | 1.1B | 1.2B | 588M | 360.3M | |
Common Stock Shares Outstanding | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.5B | |
Liabilities And Stockholders Equity | 24.1B | 30.8B | 28.5B | 28.3B | 29.7B | 31.2B | |
Non Current Liabilities Total | 11.0B | 14.2B | 12.0B | 11.7B | 12.0B | 12.6B | |
Inventory | 4.9B | 4.3B | 6.0B | 5.8B | 6.0B | 6.3B | |
Other Current Assets | 415.0M | 435.0M | 438.1M | 478M | 511M | 536.6M | |
Other Stockholder Equity | (12K) | 260.5M | 8K | 6.4B | 7.3B | 7.7B | |
Total Liab | 18.2B | 25.0B | 22.5B | 22.0B | 22.4B | 23.6B | |
Total Current Assets | 8.9B | 15.7B | 13.3B | 12.5B | 12.7B | 13.3B | |
Short Term Debt | 1.4B | 2.4B | 1.6B | 2.1B | 1.6B | 1.7B | |
Accounts Payable | 2.7B | 4.8B | 4.5B | 3.8B | 3.9B | 4.1B | |
Intangible Assets | 133.4M | 125.4M | 123M | 120M | 108M | 108.0M | |
Common Stock Total Equity | 628.0M | 1.2B | 1.2B | 1.2B | 1.4B | 1.5B | |
Property Plant And Equipment Gross | 14.4B | 14.0B | 14.1B | 14.9B | 17.1B | 18.0B | |
Accumulated Other Comprehensive Income | (673.2M) | (606.1M) | (687.2M) | (606M) | (532M) | (505.4M) | |
Common Stock | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 633.2M | |
Other Assets | 640.1M | 627.7M | 981.5M | 927M | 1.1B | 1.1B | |
Long Term Debt | 2.2B | 5.3B | 3.4B | 2.9B | 3.3B | 3.5B | |
Good Will | 95.5M | 99M | 96.7M | 97M | 95M | 179.9M | |
Property Plant Equipment | 5.3B | 14.0B | 14.1B | 14.9B | 17.1B | 18.0B | |
Other Liab | 993.3M | 1.1B | 1.1B | 1.0B | 1.2B | 862.0M | |
Current Deferred Revenue | 450.3M | 2.2B | 2.4B | 158M | 482M | 513.1M | |
Net Tangible Assets | 13.7B | 5.6B | 5.9B | 6.3B | 7.2B | 5.6B | |
Long Term Debt Total | 2.2B | 5.3B | 3.4B | 2.9B | 3.3B | 2.2B | |
Capital Lease Obligations | 9.2B | 9.4B | 9.2B | 9.4B | 10.8B | 11.3B |
Currently Active Assets on Macroaxis
When determining whether TJX Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of T.J. Maxx's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Tjx Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The Tjx Companies Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The TJX Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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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. 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 0.368 | Dividend Share 1.33 | Earnings Share 3.86 | Revenue Per Share 47.31 | Quarterly Revenue Growth 0.13 |
The market value of TJX Companies is measured differently than its book value, which is the value of T.J. 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 if T.J. Maxx is a good investment 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.