Target (BUE:TGT) Days Payable : 65.24 (As of Oct. 2024)

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What is Target Days Payable?

Target's average Accounts Payable for the three months ended in Oct. 2024 was ARS12,742,832 Mil. Target's Cost of Goods Sold for the three months ended in Oct. 2024 was ARS17,823,751 Mil. Hence, Target's Days Payable for the three months ended in Oct. 2024 was 65.24.

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

BUE:TGT' s Days Payable Range Over the Past 10 Years
Min: 53.02 Med: 61.45 Max: 68.99
Current: 61.57

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

BUE:TGT's Days Payable is ranked better than
70.65% of 310 companies
in the Retail - Defensive industry
Industry Median: 44.495 vs BUE:TGT: 61.57

Target's Days Payable increased from Oct. 2023 (58.56) to Oct. 2024 (65.24). It may suggest that Target delayed 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.

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Target Days Payable Chart

Target Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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53.40

54.94

63.32

49.88

35.33

Target Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Payable	Get a 7-Day Free Trial															58.56	35.65	60.05	60.12	65.24

Competitive Comparison of Target's Days Payable

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's Days Payable Distribution in the Retail - Defensive Industry

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
=	( (2385160.373	+	9780627.905)	/	2 )	/	62845667.95	*	365
=	6082894.139					/	62845667.95	*	365
=	35.33

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

	Days Payable (Q: Oct. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2024 )	+	Accounts Payable (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (11499234.495	+	13986430.476)	/	2 )	/	17823750.606	*	365 / 4
=	12742832.4855					/	17823750.606	*	365 / 4
=	65.24

Target Days Payable Related Terms

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Target Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TGT:USA TGT:Peru TGT:Mexico 1TGT:Italy DYHd:UK 0LD8:UK DYH:Germany DYH:Germany DYH:Germany DYH:Germany TGT:Chile TGTB34:Brazil TGTC:Austria

Address

1000 Nicollet Mall, Minneapolis, MN, USA, 55403

Website

https://corporate.target.com

Target serves as the nation's seventh-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 leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.