TJX Inventory Turnover Ratio 2010-2024 | TJX
Current and historical inventory turnover ratio for TJX (TJX) from 2010 to 2024. Inventory turnover ratio can be defined as a ratio showing how many times a company's inventory is sold and replaced over a period. TJX inventory turnover ratio for the three months ending January 31, 2024 was 1.93.
| TJX Inventory Turnover Ratio Historical Data |
| Date |
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| Sector |
Industry |
Market Cap |
Revenue |
| Retail/Wholesale |
Retail - Discount & Variety |
$109.241B |
$54.217B |
|
The TJX Companies, Inc. is a leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The company's broad range of assortments at varying prices helps it to reach out to a broad range of consumers. In addition to these, The TJX Companies tries to attract consumers through rapid turn of inventories. The company has been able to distinguish itself from traditional retailers on the grounds of opportunistic buying strategies and flexible business model. The TJX Companies' low-cost structure sets it apart from other traditional retailers. In order to maintain control on costs, the company engages in the promotion of retail banners, rather than specific brands. The company's distribution network is also designed in a manner such that helps curtailing costs. Moreover, the company emphasizes on creating strong relations with vendors across different countries.
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