Target Corporation (TGT)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 106,930,000 | 108,661,000 | 105,937,000 | 92,087,000 | 77,638,000 |
| Total assets | US$ in thousands | 55,356,000 | 53,335,000 | 53,811,000 | 51,248,000 | 42,779,000 |
| Total asset turnover | 1.93 | 2.04 | 1.97 | 1.80 | 1.81 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $106,930,000K ÷ $55,356,000K
= 1.93
Target Corporation's total asset turnover has shown fluctuating trends over the past five years. The ratio indicates how efficiently the company generates revenue from its total assets. In this case, a ratio above 1 suggests that Target has been effective in utilizing its assets to generate sales.
The highest total asset turnover of 2.04 was recorded on Jan 28, 2023, indicating that for every dollar of assets, Target generated $2.04 in revenue. This period reflects a strong performance in asset utilization.
On the other hand, the lowest total asset turnover of 1.80 was observed on Jan 30, 2021. Although it is still above 1, this ratio indicates a slightly lower efficiency in generating sales compared to other years.
Overall, despite the fluctuations, Target has generally maintained a total asset turnover above 1, highlighting its ability to efficiently utilize assets to drive revenue generation. It's worth noting that investors and stakeholders look for consistent and improving asset turnover ratios to assess a company's operational efficiency and financial health.
Peer comparison
Feb 3, 2024