Target Corporation (TGT)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 106,475,000 | 107,377,000 | 107,000,000 | 106,180,000 | 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 |
| Total assets | US$ in thousands | 57,769,000 | 58,531,000 | 55,995,000 | 55,117,000 | 55,356,000 | 56,229,000 | 53,206,000 | 52,150,000 | 53,335,000 | 55,615,000 | 52,470,000 | 50,842,000 | 53,811,000 | 54,411,000 | 51,385,000 | 50,471,000 | 51,248,000 | 50,661,000 | 48,000,000 | 44,806,000 |
| Total asset turnover | 1.84 | 1.83 | 1.91 | 1.93 | 1.93 | 1.89 | 2.02 | 2.09 | 2.04 | 1.95 | 2.05 | 2.10 | 1.97 | 1.90 | 1.94 | 1.93 | 1.81 | 1.73 | 1.75 | 1.78 |
February 1, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $106,475,000K ÷ $57,769,000K
= 1.84
Target Corporation's total asset turnover has shown fluctuations over the past few years, ranging from 1.73 to 2.10. The trend indicates an improvement in efficiency in utilizing its assets to generate revenue, as the ratio has generally been increasing.
In particular, there was a notable increase from May 1, 2021, to April 30, 2022, where the total asset turnover increased significantly from 1.93 to 2.10. This suggests that Target was able to generate more revenue relative to its total assets during this period.
However, it is important to note that there have been some fluctuations in the ratio in subsequent periods, with values ranging between 1.89 and 2.05. Despite this, the general trend reflects an overall improvement in Target's ability to generate sales from its assets.
The latest reported total asset turnover ratio as of February 1, 2025, stands at 1.84, which is slightly lower compared to the peak ratios observed in the past few years. This indicates that Target may have experienced a slight decrease in efficiency in utilizing its assets to generate sales at that point in time.
Overall, the trend in Target's total asset turnover ratio suggests that the company has been making efforts to improve its operational efficiency and utilize its assets more effectively to drive revenue growth.
Peer comparison
Feb 1, 2025