Target Corporation (TGT)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 77,639,000 | 77,222,000 | 76,376,000 | 75,735,000 |
| Total assets | US$ in thousands | 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 | 42,779,000 | 43,741,000 | 41,566,000 | 40,619,000 |
| Total asset turnover | 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 | 1.81 | 1.77 | 1.84 | 1.86 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $106,930,000K ÷ $55,356,000K
= 1.93
Target Corporation's total asset turnover has shown some fluctuations over the past few quarters. The ratio has generally remained above 1.8, indicating that the company is generating revenue efficiently from its assets.
The highest total asset turnover was observed in July 2022 at 2.10, suggesting that Target effectively generated sales relative to its total assets during that period. On the other hand, the lowest total asset turnover was seen in May 2021 at 1.73, indicating a lower efficiency in utilizing assets to generate revenue.
Overall, the trend in total asset turnover for Target Corporation fluctuates around the 1.8 to 2.1 range, with some variations in efficiency in generating sales from total assets during different quarters. It is essential for Target to monitor and analyze these fluctuations to ensure optimal asset utilization and revenue generation.
Peer comparison
Feb 3, 2024