Stock Analysis on Net

Target Corp. (NYSE:TGT)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Target Corp., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).

1 US$ in millions


Net Sales
Over the period under review, net sales exhibit an overall upward trend, increasing from $46,839 million in 2005 to a peak of $109,120 million in 2023. There are incremental growth phases punctuated by occasional slight declines. For example, between 2012 and 2013, net sales showed a mild decrease, followed by relatively flat sales around 2014 and 2015 before resuming growth from 2016 onwards. Notably, after reaching the peak in 2023, net sales experienced a small reduction in 2024 and 2025, suggesting some recent softness or stabilization in revenue.
Total Assets
Total assets increased from $32,293 million in 2005 to $57,769 million in 2025, reflecting a general expansion of the asset base. However, the growth path involves periods of asset contraction, such as from 2009 to 2015 when total assets declined from $44,106 million to $37,431 million, indicative of potential asset optimization or divestitures. Post-2015, assets steadily increased again, particularly sharply from 2020 to 2022, suggesting renewed investment or acquisitions boosting the asset base.
Total Asset Turnover
The total asset turnover ratio, indicating efficiency in generating sales from assets, displays an improving trend overall. Starting at 1.45 in 2005, this ratio rises steadily to peak levels above 2.00 in 2022 and 2013, denoting stronger asset utilization. Minor fluctuations occur throughout the years, with brief decreases during periods of rising assets but stagnant sales, especially in times of asset increase without proportionate sales growth. The ratio tapers somewhat in the last recorded years, ending at 1.84 in 2025, pointing to a slight reduction in turnover efficiency despite an expanded asset base.
Summary
The data portrays a company with strong growth in net sales and a generally increasing total asset base over the two decades. Sales growth has occasionally decelerated or retracted slightly but demonstrates resilience and upward momentum overall. Asset levels have seen more volatility, with phases of reduction likely reflecting strategic adjustments or economic conditions. Asset efficiency, as reflected in the total asset turnover ratio, has improved significantly, suggesting enhanced operational efficiency or better asset management. Recent years show signs of a peak in sales and a slight decline in asset turnover, which may warrant closer monitoring for emerging trends in operational performance or market conditions.

Comparison to Competitors


Comparison to Sector (Consumer Staples Distribution & Retail)

Target Corp., total asset turnover, long-term trends, comparison to sector (consumer staples distribution & retail)

Microsoft Excel

Based on: 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), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).


Comparison to Industry (Consumer Staples)