Target Corporation (TGT)

Days of inventory on hand (DOH)

		Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Inventory turnover		7.93	8.57	7.80	6.99	8.17
DOH	days	46.01	42.61	46.77	52.23	44.65

February 1, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.93
= 46.01

Based on the data provided for Target Corporation's days of inventory on hand (DOH) from January 2021 to February 2025, the company's DOH fluctuated during this period.

In January 2021, the DOH was 44.65 days, indicating that the company held inventory for approximately 44.65 days on average before selling it.

Over the next few years, the DOH increased to 52.23 days by January 2022, which suggests that Target was holding inventory for a longer period before it was sold.

By January 2023, the DOH decreased to 46.77 days, showing an improvement in inventory turnover efficiency.

In February 2024, the DOH further decreased to 42.61 days, indicating that Target was managing its inventory more effectively.

However, by February 2025, the DOH slightly increased to 46.01 days, indicating a slower inventory turnover compared to the previous year.

Overall, fluctuations in Target Corporation's days of inventory on hand suggest changes in inventory management practices and efficiency over the years, highlighting the importance of monitoring and optimizing inventory levels to improve operational performance.