Target Corporation (TGT)

Number of days of payables

		Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Payables turnover		7.74	8.42	7.81	6.28	6.77
Number of days of payables	days	47.14	43.37	46.73	58.15	53.90

February 1, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.74
= 47.14

Based on the data provided, Target Corporation's number of days of payables has shown a fluctuating trend over the past five years. In January 2021, Target had an average payment period of 53.90 days, which increased slightly to 58.15 days by January 2022, indicating a potential delay in payment to its creditors.

However, in the following years, Target was able to manage its payables more efficiently. By January 2023, the number of days of payables decreased to 46.73 days, showing the company's improved ability to pay off its obligations more quickly.

The trend continued to improve further, with the number of days of payables declining to 43.37 days in February 2024 and then slightly increasing to 47.14 days by February 2025. Overall, the decreasing trend in the number of days of payables suggests that Target has been managing its payables effectively and efficiently, potentially improving its working capital management and cash flow position.