Analysis of Inventory
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Inventory Disclosure
Target Corp., balance sheet: inventory
US$ in millions
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30).
Inventory levels exhibited a period of growth followed by a subsequent decline and stabilization. Initial values increased significantly before decreasing and then showing signs of leveling off.
- Overall Trend
- The reported inventory value increased from 10,653 US$ millions in January 2021 to a peak of 13,902 US$ millions in January 2022, representing a substantial rise. Following this peak, a decrease was observed, with inventory falling to 11,886 US$ millions by February 2024. Subsequent periods show a modest increase to 12,740 US$ millions in February 2025, followed by a slight decrease to 12,304 US$ millions in January 2026.
- Growth Phase (2021-2022)
- The period between January 2021 and January 2022 demonstrates a significant expansion in inventory. This increase of approximately 30.5% could be attributable to factors such as anticipated demand, supply chain adjustments, or strategic inventory building.
- Decline and Stabilization (2022-2026)
- From January 2022 to January 2026, inventory experienced a net decrease. The decline from the 2022 peak to the 2024 low was approximately 14.5%. The values for February 2025 and January 2026 suggest a potential stabilization around the 12.3 to 12.7 US$ million range, although further observation is needed to confirm this trend.
- Recent Period Analysis (2024-2026)
- The most recent three periods (February 2024, February 2025, and January 2026) show relatively small fluctuations in inventory. The increase from February 2024 to February 2025 was approximately 7.2%, while the subsequent decrease to January 2026 was approximately 3.7%. This suggests a period of inventory management focused on maintaining levels rather than significant expansion or reduction.
The observed patterns indicate a dynamic inventory strategy, potentially responding to changing market conditions and internal operational adjustments. The shift from rapid growth to stabilization warrants further investigation into the underlying drivers of these changes.