Target Corp. (TGT)
Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Beginner level
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Target Corp., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29), 10-K (filing date: 2014-03-14), 10-Q (filing date: 2013-11-27), 10-Q (filing date: 2013-08-28), 10-Q (filing date: 2013-05-30).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Target Corp.’s net fixed asset turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Target Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Target Corp.’s total asset turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Target Corp.’s equity turnover ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |
Net Fixed Asset Turnover
Target Corp., net fixed asset turnover calculation (quarterly data)
| Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | Feb 1, 2014 | Nov 2, 2013 | Aug 3, 2013 | May 4, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Sales | 18,414 | 18,183 | 17,401 | 22,735 | 17,590 | 17,552 | 16,556 | 22,766 | 16,667 | 16,429 | 16,017 | 20,689 | 16,441 | 16,169 | 16,196 | 21,626 | 17,613 | 17,427 | 17,119 | 21,750 | 17,254 | 16,957 | 16,657 | 21,515 | 17,258 | 17,117 | 16,706 | |
| Property and equipment, net | 26,384 | 26,012 | 25,706 | 25,533 | 25,607 | 25,172 | 24,767 | 25,018 | 25,112 | 24,861 | 24,682 | 24,658 | 24,902 | 24,934 | 25,049 | 25,217 | 25,472 | 25,583 | 25,778 | 25,958 | 26,033 | 26,132 | 26,334 | 31,378 | 31,726 | 31,405 | 31,074 | |
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 2.91 | 2.92 | 2.93 | 2.92 | 2.91 | 2.92 | 2.92 | 2.87 | 2.78 | 2.80 | 2.81 | 2.82 | 2.83 | 2.87 | 2.91 | 2.93 | 2.90 | 2.87 | 2.83 | 2.80 | 2.78 | 2.77 | 2.75 | 2.31 | — | — | — | |
| Benchmarks | ||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 3.92 | 3.89 | 3.96 | 3.77 | 3.81 | 3.80 | 3.69 | 3.64 | 3.55 | 4.05 | 4.37 | 4.67 | 4.71 | 4.79 | 4.87 | 4.90 | 4.87 | 4.92 | 5.19 | 5.24 | — | — | — | |
| Costco Wholesale Corp. | — | — | — | 7.15 | 7.15 | 7.15 | 7.12 | 7.03 | 7.11 | 6.98 | 6.95 | 6.95 | 6.87 | 6.83 | 6.81 | 6.81 | 6.99 | 7.14 | 7.19 | 7.38 | 7.52 | 7.61 | 7.57 | 7.43 | — | — | — | |
| eBay Inc. | — | — | — | — | 7.16 | 6.90 | 6.83 | 6.73 | 6.63 | 6.50 | 6.41 | 5.99 | 6.05 | 5.95 | 6.06 | 5.92 | 5.84 | 5.85 | 5.79 | 5.53 | 7.29 | 4.83 | 5.33 | 6.17 | — | — | — | |
| Home Depot Inc. | 4.94 | 4.91 | 4.92 | 4.84 | 4.79 | 4.76 | 4.65 | 4.57 | 4.52 | 4.42 | 4.39 | 4.32 | 4.28 | 4.19 | 4.06 | 3.99 | 3.91 | 3.83 | 3.74 | 3.66 | 3.56 | 3.49 | 3.42 | 3.38 | — | — | — | |
| Lowe’s Cos. Inc. | 3.91 | 3.94 | 3.95 | 3.87 | 3.76 | 3.68 | 3.54 | 3.48 | 3.48 | 3.43 | 3.37 | 3.26 | 3.12 | 3.01 | 3.09 | 3.02 | 2.97 | 2.92 | 2.86 | 2.81 | 2.74 | 2.68 | 2.61 | 2.56 | — | — | — | |
| Netflix Inc. | — | — | — | — | 39.16 | 38.97 | 38.25 | 37.76 | 40.13 | 39.69 | 37.31 | 36.61 | 33.76 | 32.89 | 34.57 | 35.27 | 42.61 | 46.82 | 43.09 | 39.09 | 35.53 | 35.66 | 39.83 | 36.73 | — | — | — | |
| TJX Cos. Inc. | 7.74 | 7.94 | 7.88 | 7.42 | 7.51 | 7.40 | 7.32 | 7.16 | 7.07 | 7.15 | 7.26 | 7.32 | 7.57 | 7.54 | 7.48 | 7.48 | 7.45 | 7.48 | 7.48 | 7.52 | 7.42 | 7.47 | 7.60 | 7.63 | — | — | — | |
| Walmart Inc. | 4.77 | 4.73 | 4.72 | 4.58 | 4.56 | 4.56 | 4.36 | 4.32 | 4.25 | 4.21 | 4.23 | 4.22 | 4.17 | 4.16 | 4.12 | 4.11 | 4.11 | 4.14 | 4.17 | 4.13 | 4.09 | 4.02 | 4.03 | 4.01 | — | — | — | |
Based on: 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29), 10-K (filing date: 2014-03-14), 10-Q (filing date: 2013-11-27), 10-Q (filing date: 2013-08-28), 10-Q (filing date: 2013-05-30).
1 Q3 2020 Calculation
Net fixed asset turnover
= (SalesQ3 2020
+ SalesQ2 2020
+ SalesQ1 2020
+ SalesQ4 2019)
÷ Property and equipment, net
= (18,414 + 18,183 + 17,401 + 22,735)
÷ 26,384 = 2.91
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Target Corp.’s net fixed asset turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Target Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | Feb 1, 2014 | Nov 2, 2013 | Aug 3, 2013 | May 4, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Sales | 18,414 | 18,183 | 17,401 | 22,735 | 17,590 | 17,552 | 16,556 | 22,766 | 16,667 | 16,429 | 16,017 | 20,689 | 16,441 | 16,169 | 16,196 | 21,626 | 17,613 | 17,427 | 17,119 | 21,750 | 17,254 | 16,957 | 16,657 | 21,515 | 17,258 | 17,117 | 16,706 | |
| Property and equipment, net | 26,384 | 26,012 | 25,706 | 25,533 | 25,607 | 25,172 | 24,767 | 25,018 | 25,112 | 24,861 | 24,682 | 24,658 | 24,902 | 24,934 | 25,049 | 25,217 | 25,472 | 25,583 | 25,778 | 25,958 | 26,033 | 26,132 | 26,334 | 31,378 | 31,726 | 31,405 | 31,074 | |
| Operating lease assets | 2,151 | 2,062 | 2,019 | 1,965 | 1,997 | 1,976 | 1,958 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Property and equipment, net (including operating lease, right-of-use asset) | 28,535 | 28,074 | 27,725 | 27,498 | 27,604 | 27,148 | 26,725 | 25,018 | 25,112 | 24,861 | 24,682 | 24,658 | 24,902 | 24,934 | 25,049 | 25,217 | 25,472 | 25,583 | 25,778 | 25,958 | 26,033 | 26,132 | 26,334 | 31,378 | 31,726 | 31,405 | 31,074 | |
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 2.69 | 2.70 | 2.72 | 2.71 | 2.70 | 2.71 | 2.71 | 2.87 | 2.78 | 2.80 | 2.81 | 2.82 | 2.83 | 2.87 | 2.91 | 2.93 | 2.90 | 2.87 | 2.83 | 2.80 | 2.78 | 2.77 | 2.75 | 2.31 | — | — | — | |
| Benchmarks | ||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 2.92 | 2.92 | 2.98 | 3.77 | 3.81 | 3.80 | 3.69 | 3.64 | 3.55 | 4.05 | 4.37 | 4.67 | 4.71 | 4.79 | 4.87 | 4.90 | 4.87 | 4.92 | 5.19 | 5.24 | — | — | — | |
| eBay Inc. | — | — | — | — | 5.05 | 4.84 | 4.74 | 6.73 | 6.63 | 6.50 | 6.41 | 5.99 | 6.05 | 5.95 | 6.06 | 5.92 | 5.84 | 5.85 | 5.79 | 5.53 | 7.29 | 4.83 | 5.33 | 6.17 | — | — | — | |
| Home Depot Inc. | 3.95 | 3.90 | 3.93 | 4.84 | 4.79 | 4.76 | 4.65 | 4.57 | 4.52 | 4.42 | 4.39 | 4.32 | 4.28 | 4.19 | 4.06 | 3.99 | 3.91 | 3.83 | 3.74 | 3.66 | 3.56 | 3.49 | 3.42 | 3.38 | — | — | — | |
| Lowe’s Cos. Inc. | 3.23 | 3.24 | 3.25 | 3.87 | 3.76 | 3.68 | 3.54 | 3.48 | 3.48 | 3.43 | 3.37 | 3.26 | 3.12 | 3.01 | 3.09 | 3.02 | 2.97 | 2.92 | 2.86 | 2.81 | 2.74 | 2.68 | 2.61 | 2.56 | — | — | — | |
| TJX Cos. Inc. | 2.84 | 2.86 | 2.86 | 7.42 | 7.51 | 7.40 | 7.32 | 7.16 | 7.07 | 7.15 | 7.26 | 7.32 | 7.57 | 7.54 | 7.48 | 7.48 | 7.45 | 7.48 | 7.48 | 7.52 | 7.42 | 7.47 | 7.60 | 7.63 | — | — | — | |
| Walmart Inc. | 4.12 | 4.08 | 4.09 | 4.58 | 4.56 | 4.56 | 4.36 | 4.32 | 4.25 | 4.21 | 4.23 | 4.22 | 4.17 | 4.16 | 4.12 | 4.11 | 4.11 | 4.14 | 4.17 | 4.13 | 4.09 | 4.02 | 4.03 | 4.01 | — | — | — | |
Based on: 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29), 10-K (filing date: 2014-03-14), 10-Q (filing date: 2013-11-27), 10-Q (filing date: 2013-08-28), 10-Q (filing date: 2013-05-30).
1 Q3 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (SalesQ3 2020
+ SalesQ2 2020
+ SalesQ1 2020
+ SalesQ4 2019)
÷ Property and equipment, net (including operating lease, right-of-use asset)
= (18,414 + 18,183 + 17,401 + 22,735)
÷ 28,535 = 2.69
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Target Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Total Asset Turnover
Target Corp., total asset turnover calculation (quarterly data)
| Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | Feb 1, 2014 | Nov 2, 2013 | Aug 3, 2013 | May 4, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Sales | 18,414 | 18,183 | 17,401 | 22,735 | 17,590 | 17,552 | 16,556 | 22,766 | 16,667 | 16,429 | 16,017 | 20,689 | 16,441 | 16,169 | 16,196 | 21,626 | 17,613 | 17,427 | 17,119 | 21,750 | 17,254 | 16,957 | 16,657 | 21,515 | 17,258 | 17,117 | 16,706 | |
| Total assets | 43,741 | 41,566 | 40,619 | 41,290 | 43,572 | 39,996 | 38,929 | 38,999 | 40,708 | 37,366 | 37,218 | 37,431 | 38,603 | 37,288 | 39,908 | 40,262 | 41,696 | 40,386 | 40,446 | 41,404 | 46,461 | 44,455 | 44,042 | 44,553 | 46,373 | 44,162 | 44,234 | |
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Total asset turnover1 | 1.75 | 1.83 | 1.85 | 1.80 | 1.71 | 1.84 | 1.86 | 1.84 | 1.71 | 1.86 | 1.86 | 1.86 | 1.82 | 1.92 | 1.83 | 1.83 | 1.77 | 1.82 | 1.81 | 1.75 | 1.56 | 1.63 | 1.65 | 1.63 | — | — | — | |
| Benchmarks | ||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 1.33 | 1.32 | 1.36 | 1.43 | 1.54 | 1.55 | 1.53 | 1.35 | 1.40 | 1.71 | 1.76 | 1.63 | 1.81 | 1.85 | 1.86 | 1.64 | 1.79 | 1.83 | 1.84 | 1.63 | — | — | — | |
| Costco Wholesale Corp. | — | — | — | 3.29 | 3.34 | 3.36 | 3.23 | 3.39 | 3.44 | 3.44 | 3.30 | 3.47 | 3.38 | 3.33 | 3.20 | 3.50 | 3.41 | 3.54 | 3.22 | 3.40 | 3.39 | 3.37 | 3.24 | 3.34 | — | — | — | |
| eBay Inc. | — | — | — | — | 0.58 | 0.51 | 0.48 | 0.47 | 0.44 | 0.43 | 0.40 | 0.37 | 0.36 | 0.33 | 0.37 | 0.38 | 0.43 | 0.44 | 0.44 | 0.48 | 0.61 | 0.29 | 0.35 | 0.40 | — | — | — | |
| Home Depot Inc. | 2.12 | 2.12 | 2.13 | 2.46 | 2.34 | 2.26 | 2.19 | 2.27 | 2.20 | 2.12 | 2.13 | 2.20 | 2.10 | 2.08 | 2.03 | 2.08 | 1.96 | 1.95 | 1.98 | 2.08 | 1.97 | 1.86 | 1.86 | 1.95 | — | — | — | |
| Lowe’s Cos. Inc. | 1.80 | 1.76 | 1.66 | 2.07 | 1.94 | 1.90 | 1.81 | 1.94 | 1.87 | 1.85 | 1.77 | 1.89 | 1.77 | 1.68 | 1.62 | 1.89 | 1.73 | 1.76 | 1.65 | 1.77 | 1.63 | 1.65 | 1.57 | 1.63 | — | — | — | |
| Netflix Inc. | — | — | — | — | 0.61 | 0.58 | 0.61 | 0.61 | 0.64 | 0.61 | 0.63 | 0.61 | 0.64 | 0.62 | 0.66 | 0.65 | 0.66 | 0.66 | 0.64 | 0.66 | 0.65 | 0.63 | 0.63 | 0.78 | — | — | — | |
| TJX Cos. Inc. | 1.67 | 1.75 | 1.76 | 2.72 | 2.58 | 2.67 | 2.63 | 2.55 | 2.48 | 2.62 | 2.62 | 2.58 | 2.54 | 2.75 | 2.70 | 2.69 | 2.53 | 2.64 | 2.59 | 2.61 | 2.47 | 2.58 | 2.66 | 2.69 | — | — | — | |
| Walmart Inc. | 2.16 | 2.19 | 2.18 | 2.33 | 2.24 | 2.46 | 2.44 | 2.42 | 2.34 | 2.41 | 2.42 | 2.42 | 2.32 | 2.42 | 2.41 | 2.40 | 2.34 | 2.43 | 2.40 | 2.37 | 2.31 | 2.34 | 2.34 | 2.31 | — | — | — | |
Based on: 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29), 10-K (filing date: 2014-03-14), 10-Q (filing date: 2013-11-27), 10-Q (filing date: 2013-08-28), 10-Q (filing date: 2013-05-30).
1 Q3 2020 Calculation
Total asset turnover
= (SalesQ3 2020
+ SalesQ2 2020
+ SalesQ1 2020
+ SalesQ4 2019)
÷ Total assets
= (18,414 + 18,183 + 17,401 + 22,735)
÷ 43,741 = 1.75
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Target Corp.’s total asset turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Equity Turnover
Target Corp., equity turnover calculation (quarterly data)
| Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | Jan 28, 2017 | Oct 29, 2016 | Jul 30, 2016 | Apr 30, 2016 | Jan 30, 2016 | Oct 31, 2015 | Aug 1, 2015 | May 2, 2015 | Jan 31, 2015 | Nov 1, 2014 | Aug 2, 2014 | May 3, 2014 | Feb 1, 2014 | Nov 2, 2013 | Aug 3, 2013 | May 4, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Sales | 18,414 | 18,183 | 17,401 | 22,735 | 17,590 | 17,552 | 16,556 | 22,766 | 16,667 | 16,429 | 16,017 | 20,689 | 16,441 | 16,169 | 16,196 | 21,626 | 17,613 | 17,427 | 17,119 | 21,750 | 17,254 | 16,957 | 16,657 | 21,515 | 17,258 | 17,117 | 16,706 | |
| Shareholders’ investment | 11,545 | 11,836 | 11,117 | 11,297 | 11,080 | 11,167 | 11,158 | 11,709 | 11,137 | 11,098 | 11,021 | 10,953 | 11,069 | 11,577 | 12,545 | 12,957 | 13,256 | 13,942 | 14,174 | 13,997 | 16,373 | 16,433 | 16,486 | 16,231 | 16,156 | 16,020 | 16,520 | |
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Equity turnover1 | 6.65 | 6.41 | 6.77 | 6.59 | 6.72 | 6.59 | 6.49 | 6.14 | 6.27 | 6.27 | 6.29 | 6.34 | 6.36 | 6.19 | 5.81 | 5.69 | 5.58 | 5.28 | 5.16 | 5.19 | 4.42 | 4.40 | 4.40 | 4.47 | — | — | — | |
| Benchmarks | ||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | — | 4.70 | 4.75 | 4.99 | 5.35 | 5.65 | 5.95 | 6.14 | 6.42 | 6.54 | 6.47 | 6.58 | 7.05 | 7.20 | 7.29 | 7.69 | 8.00 | 8.09 | 8.14 | 8.46 | 8.28 | — | — | — | |
| Costco Wholesale Corp. | — | — | — | 9.80 | 10.10 | 10.39 | 10.76 | 10.82 | 11.23 | 11.31 | 11.72 | 11.71 | 12.18 | 9.52 | 9.76 | 9.61 | 10.03 | 10.43 | 10.51 | 10.71 | 10.71 | 11.09 | 9.06 | 8.96 | — | — | — | |
| eBay Inc. | — | — | — | — | 3.32 | 2.64 | 2.08 | 1.71 | 1.51 | 1.43 | 1.31 | 1.19 | 0.83 | 0.80 | 0.78 | 0.85 | 1.31 | 1.36 | 1.37 | 1.31 | 1.72 | 0.68 | 0.80 | 0.90 | — | — | — | |
| Home Depot Inc. | — | — | — | — | 80.00 | 51.93 | 60.44 | 69.40 | 39.02 | 27.39 | 24.16 | 21.83 | 16.61 | 13.82 | 14.27 | 14.02 | 11.38 | 9.89 | 9.17 | 8.92 | 8.08 | 7.04 | 6.54 | 6.29 | — | — | — | |
| Lowe’s Cos. Inc. | 29.20 | 27.19 | 22.15 | 19.57 | 13.19 | 12.20 | 12.03 | 11.68 | 12.00 | 12.26 | 12.05 | 10.11 | 9.47 | 8.84 | 8.34 | 7.72 | 6.97 | 6.64 | 6.01 | 5.64 | 5.16 | 4.86 | 4.68 | 4.51 | — | — | — | |
| Netflix Inc. | — | — | — | — | 2.75 | 2.89 | 2.91 | 3.01 | 2.97 | 3.09 | 3.17 | 3.26 | 3.27 | 3.27 | 3.20 | 3.30 | 3.23 | 3.16 | 3.09 | 3.05 | 2.97 | 3.01 | 3.04 | 2.96 | — | — | — | |
| TJX Cos. Inc. | 7.33 | 7.55 | 7.71 | 7.72 | 7.38 | 7.22 | 6.99 | 6.97 | 7.40 | 7.47 | 7.34 | 7.36 | 7.55 | 7.22 | 6.97 | 7.18 | 6.96 | 6.99 | 6.87 | 6.82 | 6.54 | 6.60 | 6.47 | 6.48 | — | — | — | |
| Walmart Inc. | 7.22 | 7.31 | 7.50 | 7.04 | 7.05 | 7.11 | 6.63 | 6.37 | 6.44 | 6.35 | 6.55 | 6.19 | 6.18 | 6.27 | 6.38 | 5.94 | 6.04 | 6.11 | 6.30 | 5.92 | 6.07 | 6.14 | 6.48 | 6.20 | — | — | — | |
Based on: 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29), 10-K (filing date: 2014-03-14), 10-Q (filing date: 2013-11-27), 10-Q (filing date: 2013-08-28), 10-Q (filing date: 2013-05-30).
1 Q3 2020 Calculation
Equity turnover
= (SalesQ3 2020
+ SalesQ2 2020
+ SalesQ1 2020
+ SalesQ4 2019)
÷ Shareholders’ investment
= (18,414 + 18,183 + 17,401 + 22,735)
÷ 11,545 = 6.65
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Target Corp.’s equity turnover ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |