Target Corporation (TGT)

Number of days of payables

		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
Payables turnover		8.42	7.14	8.42	7.15	4.95	7.62	6.55	6.93	6.28	5.43	6.97	7.52	6.77	5.27	8.15	10.33	11.22	6.49	7.92	8.61
Number of days of payables	days	43.37	51.14	43.36	51.04	73.77	47.92	55.73	52.67	58.16	67.22	52.40	48.51	53.90	69.21	44.81	35.33	32.54	56.20	46.11	42.38

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.42
= 43.37

The number of days of payables for Target Corporation has varied over the past few years, ranging from 32.54 days to 73.77 days. This metric indicates the average number of days it takes for Target to pay its suppliers and vendors.

A lower number of days of payables suggests that Target is paying its suppliers more quickly, which may indicate strong cash management practices or good relationships with vendors. On the other hand, a higher number of days of payables could indicate that Target is taking longer to pay its bills, potentially signaling liquidity issues or strained supplier relationships.

Analyzing the trend in the number of days of payables over time can provide insights into Target's working capital management and financial health. It is essential to monitor this ratio regularly to assess the efficiency of Target's accounts payable processes and its overall financial stability.