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Target (Target) Return-on-Tangible-Equity : 43.69% (As of Jan. 2024)


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What is Target Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Target's annualized net income for the quarter that ended in Jan. 2024 was $5,528 Mil. Target's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $12,654 Mil. Therefore, Target's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 43.69%.

The historical rank and industry rank for Target's Return-on-Tangible-Equity or its related term are showing as below:

TGT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.05   Med: 27.11   Max: 53.55
Current: 34.78

During the past 13 years, Target's highest Return-on-Tangible-Equity was 53.55%. The lowest was -11.05%. And the median was 27.11%.

TGT's Return-on-Tangible-Equity is ranked better than
78.93% of 299 companies
in the Retail - Defensive industry
Industry Median: 11.95 vs TGT: 34.78

Target Return-on-Tangible-Equity Historical Data

The historical data trend for Target's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart

Target Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.18 35.06 53.55 24.43 35.40

Target Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Return-on-Tangible-Equity Get a 7-Day Free Trial 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 32.44 34.25 28.31 31.70 43.69

Competitive Comparison of Target's Return-on-Tangible-Equity

For the Discount Stores subindustry, Target's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Target's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Target's Return-on-Tangible-Equity falls into.



Target Return-on-Tangible-Equity Calculation

Target's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=4138/( (10587+12793 )/ 2 )
=4138/11690
=35.40 %

Target's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jan. 2024 )  (Q: Oct. 2023 )(Q: Jan. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Oct. 2023 )(Q: Jan. 2024 )
=5528/( (12514+12793)/ 2 )
=5528/12653.5
=43.69 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jan. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Target  (NYSE:TGT) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Target Return-on-Tangible-Equity Related Terms

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


Target (Target) Business Description

Address
1000 Nicollet Mall, Minneapolis, MN, USA, 55403
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

Target (Target) Headlines