Target Corporation (TGT)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.57 | 7.80 | 6.99 | 8.17 | 8.17 | |
| DOH | days | 42.61 | 46.77 | 52.23 | 44.65 | 44.67 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.57
= 42.61
The Days of Inventory on Hand (DOH) for Target Corporation has shown a decreasing trend over the past five years. In particular, the DOH decreased from 52.23 days in January 2022 to 42.61 days in February 2024. This suggests that Target has been managing its inventory more efficiently, possibly by improving inventory turnover or streamlining its supply chain operations. A lower DOH value typically indicates that the company is selling its inventory at a faster rate, which can lead to lower carrying costs and potentially higher profitability. Further analysis of Target's inventory management practices and supply chain efficiency would provide additional insights into the implications of this trend.
Peer comparison
Feb 3, 2024