Target Corporation (TGT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,138,000 | 3,632,000 | 3,373,000 | 2,721,000 | 2,780,000 | 3,448,000 | 4,224,000 | 5,858,000 | 6,946,000 | 6,782,000 | 6,308,000 | 6,181,000 | 4,368,000 | 3,822,000 | 3,522,000 | 2,770,000 | 3,281,000 | 3,246,000 | 3,154,000 | 3,015,000 |
| 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 |
| ROA | 7.48% | 6.46% | 6.34% | 5.22% | 5.21% | 6.20% | 8.05% | 11.52% | 12.91% | 12.46% | 12.28% | 12.25% | 8.52% | 7.54% | 7.34% | 6.18% | 7.67% | 7.42% | 7.59% | 7.42% |
February 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,138,000K ÷ $55,356,000K
= 7.48%
Target Corporation's return on assets (ROA) has shown fluctuations over the last several quarters. ROA is a key profitability ratio that measures how efficiently a company uses its assets to generate profits.
From November 2019 to February 2023, Target's ROA generally increased from 7.42% to a peak of 12.91% in January 2022. This upward trend indicates that the company was effectively utilizing its assets to generate profits during this period.
However, starting from the first quarter of 2023, Target's ROA began to decrease, reaching a low of 5.22% in April 2023. This decline could indicate a decrease in profitability relative to the company's asset base.
The most recent ROA data in February 2024 stands at 7.48%, showing a slight recovery from the lowest point in April 2023. It is important for investors and stakeholders to monitor Target's ROA closely to assess the company's ability to generate profits from its assets effectively.
Peer comparison
Feb 3, 2024