• TJX average return on tangible equity for 2023 was 63.69, a 11.62% increase from 2022.
• TJX average return on tangible equity for 2022 was 57.06, a 96.96% increase from 2021.
• TJX average return on tangible equity for 2021 was 28.97, a 4.36% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.