Target (BUE:TGT) Total Inventories : ARS14,710,051 Mil (As of Oct. 2024)

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What is Target Total Inventories?

Target's total inventories for the quarter that ended in Oct. 2024 was ARS14,710,051 Mil. Target's average total inventories from the quarter that ended in Jul. 2024 to the quarter that ended in Oct. 2024 was ARS13,108,751 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Target's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was ARS-69,757.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Target's Days Inventory for the three months ended in Oct. 2024 was 67.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Target's Inventory Turnover for the quarter that ended in Oct. 2024 was 1.36.

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 quarter that ended in Oct. 2024 was 0.53.

Target Total Inventories Historical Data

The historical data trend for Target's Total Inventories 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 Total Inventories Chart

Target Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Inventories

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538,261.13

895,704.26

1,427,457.37

2,387,282.56

9,609,236.51

Target Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Inventories	Get a 7-Day Free Trial															5,155,849.92	9,609,236.51	10,058,357.34	11,507,451.50	14,710,050.50

Target Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Target (BUE:TGT) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Target's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2024 is

	Net-Net Working Capital Per Share (Q: Oct. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3330010.113	+	0.75 * 0	+	0.5 * 14710050.5	-	42720741.453
-	0	-	0)	/	459.245
=	-69,757.33

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Target's Days Inventory for the three months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	13108750.9975	/	17823750.606	*	365 / 4
	=	67.11

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

Target's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2024 )	/	Average Total Inventories (Q: Oct. 2024 )
	=	17823750.606	/	13108750.9975
	=	1.36

4. 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 quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	13108750.9975	/	24897960.847
	=	0.53

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Target Total Inventories Related Terms

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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.