Days Inventory is also known as Days Sales of Inventory (DSI). Target's Average Total Inventories for the
three
months ended in Jan. 2024 was $13,309 Mil. Target's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $23,403 Mil.
Hence, Target's Days Inventory for the
three
months ended in Jan. 2024 was 51.89.
The historical rank and industry rank for Target's Days Inventory or its related term are showing as below:
LTS:0LD8'
s Days Inventory Range Over the Past 10 Years
Min: 54.18 Med: 60.07 Max: 62.8
Current: 61.43
During the past 13 years, Target's highest Days Inventory was 62.80. The lowest was 54.18. And the median was 60.07.
LTS:0LD8's Days Inventory is ranked worse than 75% of 304
companies
in the Retail - Defensive industry
Industry Median: 36.455
vs LTS:0LD8: 61.43
Target's Days Inventory
declined
from Jan. 2023 (58.33) to Jan. 2024 (51.89).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Target's Inventory Turnover for the
three
months ended in Jan. 2024 was 1.76.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Target's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.42.
Target Days Inventory Historical Data
The historical data trend for Target's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Discount Stores subindustry, Target's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Target's Days Inventory Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Target's Days Inventory distribution charts can be found below:
* The bar in red indicates where Target's Days Inventory falls into.
Target Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Target's Days Inventory for the fiscal year that ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Target (LTS:0LD8) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Target's Inventory Turnover for the
three
months ended in Jan. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Target's Inventory to Revenue for the
three
months ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Target Days Inventory Related Terms
Thank you for viewing the detailed overview of Target's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
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