Target Corporation (TGT)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 106,930,000 | 106,383,000 | 107,485,000 | 108,778,000 | 108,661,000 | 108,286,000 | 107,440,000 | 106,571,000 | 105,937,000 | 103,275,000 | 99,728,000 | 97,525,000 | 92,599,000 | 87,635,000 | 84,187,000 | 79,636,000 | 77,639,000 | 77,222,000 | 76,376,000 | 75,735,000 |
| Property, plant and equipment | US$ in thousands | 31,626,000 | 33,168,000 | 32,947,000 | 32,396,000 | 31,512,000 | 30,921,000 | 29,820,000 | 28,670,000 | 28,181,000 | 27,915,000 | 27,244,000 | 26,804,000 | 26,879,000 | 26,773,000 | 26,739,000 | 26,589,000 | 26,283,000 | 26,384,000 | 26,012,000 | 25,706,000 |
| Fixed asset turnover | 3.38 | 3.21 | 3.26 | 3.36 | 3.45 | 3.50 | 3.60 | 3.72 | 3.76 | 3.70 | 3.66 | 3.64 | 3.45 | 3.27 | 3.15 | 3.00 | 2.95 | 2.93 | 2.94 | 2.95 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $106,930,000K ÷ $31,626,000K
= 3.38
Target Corporation's fixed asset turnover has shown fluctuations over the past twenty quarters, ranging from a low of 2.93 to a high of 3.76. The fixed asset turnover ratio measures how efficiently the company generates revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is more effective in utilizing its fixed assets to generate sales.
Overall, Target Corporation has maintained a relatively healthy fixed asset turnover ratio above 3.0 throughout these quarters, suggesting efficient management of its fixed assets to generate revenue. The peak fixed asset turnover ratio of 3.76 in January 2022 indicates a particularly strong performance in converting fixed assets into sales during that period. However, it is important to consider other factors and trends in conjunction with this ratio to gain a comprehensive understanding of the company's operational efficiency and asset management strategies.
Peer comparison
Feb 3, 2024
See also:
Target Corporation Net Fixed Asset Turnover (Quarterly Data)