Target Corporation (TGT)

Days of inventory on hand (DOH)

		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	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Inventory turnover		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	12.37	6.42	7.94	7.95
DOH	days	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	29.50	56.89	45.95	45.93

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 fluctuations over the past few periods. The DOH has ranged from as low as 29.50 days to as high as 73.83 days. Generally, a lower DOH indicates quicker inventory turnover, while a higher DOH suggests slower turnover and potential issues with excess inventory.

In the most recent period, Target Corporation had a DOH of 42.61 days. This implies that, on average, Target held its inventory for approximately 42.61 days before selling it. Comparing this figure to previous periods, there has been a reduction in the DOH from the high of 73.83 days, which is a positive sign indicating improved inventory management efficiency.

Analyzing trends in the DOH over time can provide insights into Target's inventory management strategies and effectiveness in minimizing excess inventory or stockouts. It is important for Target to continue monitoring and optimizing its DOH to ensure efficient management of inventory levels and to support profitability and overall financial performance.