Target Corporation (TGT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 13,432,000 | 12,514,000 | 11,990,000 | 11,605,000 | 11,232,000 | 11,019,000 | 10,592,000 | 10,774,000 | 12,827,000 | 13,803,000 | 14,860,000 | 14,959,000 | 14,440,000 | 13,319,000 | 12,578,000 | 11,169,000 | 11,833,000 | 11,545,000 | 11,836,000 | 11,117,000 |
| ROE | 30.81% | 29.02% | 28.13% | 23.45% | 24.75% | 31.29% | 39.88% | 54.37% | 54.15% | 49.13% | 42.45% | 41.32% | 30.25% | 28.70% | 28.00% | 24.80% | 27.73% | 28.12% | 26.65% | 27.12% |
February 3, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,138,000K ÷ $13,432,000K
= 30.81%
Target Corporation's return on equity (ROE) has shown fluctuations over the past several quarters, ranging from a low of 23.45% in April 2023 to a high of 54.37% in April 2022. The ROE has generally been above 25% in recent quarters, indicating that the company is effectively generating profit from its shareholders' equity.
The significant increase in ROE from July 2022 to April 2022, where it jumped from 39.88% to 54.37%, suggests that Target may have implemented strategies to improve profitability or efficiently utilize its equity during that period.
While there have been fluctuations, the ROE figures generally seem healthy and competitive within the retail industry. It is important for stakeholders to monitor these trends to understand how effectively Target is utilizing its equity to generate returns for shareholders.
Peer comparison
Feb 3, 2024