Target Corporation (TGT)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,138,000 | 2,780,000 | 6,946,000 | 4,368,000 | 3,281,000 |
| Total assets | US$ in thousands | 55,356,000 | 53,335,000 | 53,811,000 | 51,248,000 | 42,779,000 |
| ROA | 7.48% | 5.21% | 12.91% | 8.52% | 7.67% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $4,138,000K ÷ $55,356,000K
= 7.48%
Target Corporation's return on assets (ROA) has fluctuated over the past five years. In the most recent fiscal year ending February 3, 2024, Target reported an ROA of 7.48%, indicating that the company generated $0.0748 in net income for every dollar of total assets. This represents an improvement compared to the prior year, as the ROA was 5.21% as of January 28, 2023.
Despite the increase in ROA in 2024, it is still lower than the peak ROA of 12.91% achieved on January 29, 2022. This indicates that Target was more efficient in generating profits from its assets in 2022 compared to the most recent fiscal year. However, the ROA for 2024 is higher than the ROA for the fiscal years 2021 and 2020, which were 8.52% and 7.67% respectively.
Overall, Target Corporation's ROA performance suggests that the company has been effective in utilizing its assets to generate profits, with fluctuations seen year over year. It is essential for investors and stakeholders to monitor ROA trends to assess the company's operational efficiency and profitability over time.
Peer comparison
Feb 3, 2024