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Target Days Inventory

: 65.70 (As of Oct. 2021)
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Target's Total Inventories for the three months ended in Oct. 2021 was USD13,109 Mil. Target's Cost of Goods Sold for the three months ended in Oct. 2021 was USD18,206 Mil. Hence, Target's Days Inventory for the three months ended in Oct. 2021 was 65.70.

The historical rank and industry rank for Target's Days Inventory or its related term are showing as below:

NYSE:TGT' s Days Inventory Range Over the Past 10 Years
Min: 54.18   Med: 59   Max: 62.8
Current: 60.38

54.18
62.8

During the past 13 years, Target's highest Days Inventory was 62.80. The lowest was 54.18. And the median was 59.00.

NYSE:TGT's Days Inventory is ranked lower than
75% of the 287 Companies
in the Retail - Defensive industry.

( Industry Median: 36.53 vs. NYSE:TGT: 60.38 )

Target's Days Inventory increased from Oct. 2020 (63.51) to Oct. 2021 (65.70). It might indicate that Target's sales slowed down.

Total Inventories can be measured by Days Sales of Inventory (DSI).

Inventory Turnover measures how fast the company turns over its inventory within a year. Target's Inventory Turnover for the three months ended in Oct. 2021 was 1.39.

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 Oct. 2021 was 0.51.


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.

* Premium members only.

Target Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.80 60.35 61.96 61.50 54.18

Target Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.51 52.04 57.84 57.55 65.70

Competitive Comparison

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 Days Inventory Distribution

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. 2021 is calculated as

Days Inventory (A: Jan. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jan. 2020 ) + Total Inventories (A: Jan. 2021 )) / count ) / Cost of Goods Sold (A: Jan. 2021 )*Days in Period
=( (8992 + 10653) / 2 ) / 66177*365
=9822.5 / 66177*365
=54.18

Target's Days Inventory for the quarter that ended in Oct. 2021 is calculated as:

Days Inventory (Q: Oct. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jul. 2021 ) + Total Inventories (Q: Oct. 2021 )) / count ) / Cost of Goods Sold (Q: Oct. 2021 )*Days in Period
=( (11259 + 14958) / 2 ) / 18206*365 / 4
=13108.5 / 18206*365 / 4
=65.70

* 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  (NYSE:TGT) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Total Inventories can be measured by Days Sales of Inventory (DSI).

Target's Days Sales of Inventory for the three months ended in Oct. 2021 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=13108.5/25652*365 / 4
=46.63

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Target's Inventory Turnover for the three months ended in Oct. 2021 is calculated as

3. 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 Oct. 2021 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 Business Description

Target logo
Industry
Consumer Defensive » Retail - Defensive NAICS : 452319 SIC : 5331
Address
1000 Nicollet Mall, Minneapolis, MN, USA, 55403
With 1,897 stores (as of the end of fiscal 2020), Target is a leading American general merchandise retailer, offering a variety of products across several categories, including beauty and household essentials (26% of fiscal 2020 sales), food and beverage (20%), home furnishings and décor (20%), hardlines (18%), and apparel and accessories (16%). Most of Target's stores are large, averaging nearly 130,000 square feet. The company has a significant e-commerce presence, deriving around 18% of sales from the channel (up from about 9% in fiscal 2019, before the pandemic). In addition to its namesake stores, Target owns Shipt, an online same-day delivery platform. After it exited Canada in 2015, virtually all of Target's revenue is generated from the United States.
Executives
Lundquist Stephanie A officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Mcnamara Michael Edward officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Schindele Mark officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Hennington Christina officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Rice Derica W director LILLY CORPORATE CENTER INDIANAPOLIS IN 46285
Liu Don H officer: Executive Officer 1000 NICOLLET MALL, TPS-3155 MINNEAPOLIS MN 55403
Cornell Brian C director, officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Kremer Melissa K officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Ward Laysha officer: Executive Officer 203 EAST MAIN STREET MS P12-02 SPARTANBURG SC 29319
Fiddelke Michael J officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Mulligan John J officer: Executive Officer 1000 NICOLLET MALL TPS-2672 MINNEAPOLIS MN 55403
Gomez Richard H. officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Sando Jill officer: Executive Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Austin Roxanne S director 200 N SEPULVEDA BLVD PO BOX 956 MS ES/001/A102 EL SEGUNDO CA 90245
Harrison Robert M officer: Chief Accounting Officer 1000 NICOLLET MALL MINNEAPOLIS MN 55403

Target Headlines

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