Target Corporation (TGT)

Number of days of payables

		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
Payables turnover		7.74	7.05	8.04	8.74	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
Number of days of payables	days	47.14	51.78	45.39	41.76	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

February 1, 2025 calculation

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

The number of days of payables for Target Corporation has shown fluctuations over the periods analyzed. The average days of payables ranged from approximately 35 days to around 74 days. The trend indicates that the company took longer to pay its suppliers in January 2023, where the number of days of payables spiked to 73.77 days. Subsequently, there was a gradual decrease, reaching a low of 41.76 days in May 2024.

Overall, Target Corporation's ability to manage its payables improved after the peak in January 2023. The company was able to reduce its payables outstanding to around 42 to 54 days in the subsequent periods, indicating a more efficient management of its supplier payments. This trend could be attributed to effective working capital and cash flow management strategies implemented by the company during this period.