Target Corporation (TGT)

Days of inventory on hand (DOH)

		Feb 1, 2025	Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020
Inventory turnover		7.93	6.70	8.04	8.61	8.57	6.92	8.15	6.76	4.94	6.87	6.37	6.46	6.99	5.90	7.81	8.31	8.17	5.89	9.84	11.58
DOH	days	46.01	54.46	45.42	42.37	42.61	52.72	44.80	53.96	73.83	53.13	57.33	56.53	52.23	61.88	46.71	43.93	44.65	61.95	37.08	31.51

February 1, 2025 calculation

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

The days of inventory on hand (DOH) for Target Corporation has shown some fluctuations over the analyzed period.

From May 2, 2020, to August 1, 2020, the DOH increased from 31.51 days to 37.08 days, indicating that Target was holding inventory for a slightly longer period. Subsequently, there was a significant jump in DOH to 61.95 days by October 31, 2020, suggesting that Target might have been experiencing challenges in managing its inventory efficiently during that period.

The trend continued with a decrease in DOH to 44.65 days by January 30, 2021, before fluctuating around the mid-40s and low 50s for the next few quarters. Notably, the DOH peaked again at 73.83 days by January 28, 2023, which indicates a prolonged period of holding inventory on hand.

Following this peak, there was a decrease in DOH to 42.61 days by February 3, 2024, and remained relatively stable around the low to mid-40s range in the subsequent quarters. The latest data point, February 1, 2025, shows the DOH at 46.01 days.

Overall, the analysis of Target Corporation's DOH suggests that the company has experienced fluctuations in managing its inventory efficiently, with periods of both high and low inventory turnover. Further examination of the underlying operational and market factors contributing to these fluctuations would provide valuable insights into Target's inventory management strategies.