Target (Target) Days Payable

: 51.45 (As of Jan. 2024)

View and export this data going back to 1983. Start your Free Trial

Target's average Accounts Payable for the three months ended in Jan. 2024 was $13,195 Mil. Target's Cost of Goods Sold for the three months ended in Jan. 2024 was $23,403 Mil. Hence, Target's Days Payable for the three months ended in Jan. 2024 was 51.45.

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

TGT' s Days Payable Range Over the Past 10 Years
Min: 53.02 Med: 61.45 Max: 68.99
Current: 60.18

During the past 13 years, Target's highest Days Payable was 68.99. The lowest was 53.02. And the median was 61.45.

TGT's Days Payable is ranked better than
69.9% of 309 companies
in the Retail - Defensive industry
Industry Median: 44.58 vs TGT: 60.18

Target's Days Payable declined from Jan. 2023 (55.11) to Jan. 2024 (51.45). It may suggest that Target accelerated paying its suppliers.

Target Days Payable Historical Data

The historical data trend for Target's Days Payable 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

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

65.47

62.82

68.99

64.29

60.07

Target Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable																55.11	63.08	62.07	66.79	51.45

Competitive Comparison

For the Discount Stores subindustry, Target's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Target's Days Payable distribution charts can be found below:

* The bar in red indicates where Target's Days Payable falls into.

Target Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Target's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (13487	+	12098)	/	2 )	/	77736	*	365
=	12792.5					/	77736	*	365
=	60.07

Target's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (14291	+	12098)	/	2 )	/	23403	*	365 / 4
=	13194.5					/	23403	*	365 / 4
=	51.45

Target Days Payable Related Terms

Thank you for viewing the detailed overview of Target's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Target (Target) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Target Corp (NYSE:TGT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TGT:Peru TGT:Mexico 1TGT:Italy DYH:Germany DYH:Germany DYH:Germany DYH:Germany TGT:Chile TGTB34:Brazil TGTC:Austria TGT:Argentina

Address

1000 Nicollet Mall, Minneapolis, MN, USA, 55403

Website

https://corporate.target.com

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.

Executives

Matthew L Zabel	officer: Executive Officer	1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403
Christina Hennington	officer: Executive Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Don H Liu	officer: Executive Officer	1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403
Brian C Cornell	director, officer: Executive Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Matthew A Liegel	officer: Chief Accounting Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
John J Mulligan	officer: Executive Officer	1000 NICOLLET MALL, TPS-2672, MINNEAPOLIS MN 55403
Grace Puma Whiteford	director	C/O WILLIAM SONOMA, INC., 3250 VAN NESS AVENUE, SAN FRANCISCO CA 94109
Cara A Sylvester	officer: Executive Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Jill Sando	officer: Executive Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Melissa K Kremer	officer: Executive Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Michael J Fiddelke	officer: Executive Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Katie M Boylan	officer: Executive Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Robert M Harrison	officer: Chief Accounting Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Richard H. Gomez	officer: Executive Officer	1000 NICOLLET MALL, MINNEAPOLIS MN 55403
Gail Boudreaux	director	GENZYME CORP., 500 KENDALL STREET, CAMBRIDGE MA 02142