Target Corporation (TGT)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,707,000 | 5,001,000 | 4,706,000 | 3,830,000 | 3,848,000 | 4,784,000 | 5,772,000 | 7,918,000 | 8,946,000 | 8,687,000 | 8,612,000 | 8,445,000 | 6,539,000 | 5,901,000 | 4,968,000 | 3,992,000 | 4,659,000 | 4,578,000 | 4,395,000 | 4,204,000 |
| 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 |
| Operating ROA | 10.31% | 8.89% | 8.84% | 7.34% | 7.21% | 8.60% | 11.00% | 15.57% | 16.62% | 15.97% | 16.76% | 16.73% | 12.76% | 11.65% | 10.35% | 8.91% | 10.89% | 10.47% | 10.57% | 10.35% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,707,000K ÷ $55,356,000K
= 10.31%
Target Corporation has demonstrated varying levels of operating return on assets (ROA) over the past few quarters. Operating ROA measures how effectively a company's management is generating profits from its assets used in operations.
In the most recent quarter ended February 3, 2024, Target achieved an operating ROA of 10.31%, indicating that for every dollar of assets the company employs in its operations, it generates a profit of approximately 10.31 cents. This represents an improvement from the previous quarter's operating ROA of 8.89% as of October 28, 2023.
Looking further back, Target's operating ROA has trended upwards compared to earlier quarters in 2023, with notable peaks in the second quarter of 2022 (15.57%), the first quarter of 2022 (16.62%), and the fourth quarter of 2021 (16.76%). These periods suggest that the company had been particularly effective in utilizing its assets to generate profits.
Despite some fluctuations, Target's operating ROA generally appears to be relatively stable above 10% over the past few quarters, indicating efficient asset utilization to drive profitability. However, it is essential to closely monitor any significant deviations in this metric to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Feb 3, 2024