Key Financial Items

Cash
Receivables
Inventory
Total Current Assets
Total Assets
Total Current Liabilities
Total Liabilities
Total Stockholder Equity
Sales
Cost of Sales
EBIT
Pretax Income
Net Income (Loss)
Dividend Expense

2007
758
5565
4760
11935
28603
7523
19160
9443
43917
29260
3264
2676
1654
218

2008
716
5776
5343
12928
31392
8314
20327
11065
48163
31790
3519
2960
1841
246

2009
2245
5497
5384
13922
32293
8220
19264
13029
46839
31445
3601
3031
3198
280

2010
1648
6226
5838
14405
34995
9588
20790
14205
52620
34927
4296
3860
2408
334

2011
813
6757
6254
14706
37349
11117
21716
15633
59490
39399
5041
4497
2787
396

Dollar Amounts
Cash
Receivables
Inventory
Other Cerrent Assets
Total Current Assets
Net Fixed Assets
Total Assets
Total Current Liabilities
Total Long-Term Liabilities
Total Liabilities
Total Stockholder Equity
Sales
Cost of Sales
EBIT
Pretax Income
Net Income (Loss)
Dividend Expense
Divedend Payout Ratio

2007
758
5565
4760
852
11935
16668
28603
7523
11637
19160
9443
43917
29260
3264
2676
1654
218
13.18%

2008
716
5776
5343
1093
12928
18464
31392
8314
12013
20327
11065
48163
31790
3519
2960
1841
246
13.36%

2009
2245
5497
5384
796
13922
18371
32293
8220
11044
19264
13029
46839
31445
3601
3031
3198
280
8.76%

2010
1648
6226
5838
693
14405
20590
34995
9588
11202
20790
14205
52620
34927
4296
3860
2408
334
13.87%

Percent of Sales
Cash
Receivables
Inventory
Other Cerrent Assets
Total Current Assets
Net Fixed Assets
Total Assets
Total Current Liabilities
Total Long-Term Liabilities
Total Liabilities
Total Stockholder Equity
Sales
Cost of Sales
EBIT
Pretax Income
Net Income (Loss)
Dividend Expense

2007

2008

2009

2010

12.67%
10.84%
1.94%

11.99%
11.09%
2.27%

11.74%
11.49%
1.70%

11.83%
11.09%
1.32%

17.13%

17.26%

17.55%

18.22%

100.00%
66.63%
7.43%
6.09%
3.77%

100.00%
66.01%
7.31%
6.15%
3.82%

100.00%
67.13%
7.69%
6.47%
6.83%

100.00%
66.38%
8.16%
7.34%
4.58%

Sales Growth Rate

2011
813
6757
6254
882
14706
22643
37349
11117
10599
21716
15633
59490
39399
5041
4497
2787
396
14.21%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Ave. $
12.68%
Additions to Ret. Earn. $
2011
Avarage

11.36%
10.51%
1.48%

11.92%
11.01%
1.74%

18.69%

17.77%

100.00%
66.23%
8.47%
7.56%
4.68%

100%
66.47%
7.81%
6.72%
4.74%

3.00%

2012
2,387.39
7,302.77
6,254.00
1,067.21
17,011.37
22,643.00
39,654.37
10,888.53
10,599.00
21,487.53
18,166.84
61,274.70
40,731.59
4,787.34
4,118.28
2,901.64
367.80

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2013
5,072.81
7,521.85
6,254.00
1,099.23
19,947.89
22,643.00
42,590.89
11,215.18
10,599.00
21,814.18
20,776.70
63,112.94
41,953.54
4,930.96
4,241.83
2,988.69
378.83

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2014
7,838.78
7,747.51
6,254.00
1,132.21
22,972.50
22,643.00
45,615.50
11,551.64
10,599.00
22,150.64
23,464.86
65,006.33
43,212.15
5,078.89
4,369.09
3,078.35
390.19

2,533.84

2,609.86

2,688.15

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2015
10,687.74
7,979.93
6,254.00
1,166.17
26,087.85
22,643.00
48,730.85
11,898.19
10,599.00
22,497.19
26,233.66
66,956.52
44,508.51
5,231.25
4,500.16
3,170.70
401.90

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2016
13,622.17
8,219.33
6,254.00
1,201.16
29,296.65
22,643.00
51,939.65
12,255.13
10,599.00
22,854.13
29,085.52
68,965.21
45,843.77
5,388.19
4,635.16
3,265.82
413.96

2,768.80

2,851.86

Now
Dividend Expenses (inmillions)
Dividend per Share

$
$

2012
2013
2014
2015
367.80 $ 378.83 $ 390.19 $ 401.90
0.55 $
0.57 $ 0.58 $
0.60
P2015
$
13.74
0.52 $
0.50 $ 0.48 $
11.15

PRICE
$ 12.65
r
g
# of Shares (in millions)

6.50%
2.00%
669.3

2016
$ 413.96
$ 0.62 $

2017
0.63

2018
$

0.64

2019
$

0.66

ect.
ect.
ect.

Ratios

2007

2008

2009

2010

Current Ratio
Accouns Receivable Turnover
Average Collection Period (assuming a 360-day year)
Inventory Turnover
Days to Sell Inventory
Net Profit Margin
Total Assets Turnover

1.59

1.55

1.69

1.50

7.89

8.34

8.52

8.45

43.17

42.25

42.60

6.15

5.95

5.84

5.98

58.56

60.51

61.64

60.17

3.77%

3.82%

6.83%

4.58%

1.54

1.53

1.45

1.50

Ratio explanation.
Current Ratio
Accouns Receivable Turnover
Average Collection Period (assuming a 360-day year)
Inventory Turnover
Days to Sell Inventory
Net Profit Margin
Total Assets Turnover

45.62

Looking at the current ratio across time, Target appears to improve

Target appers to stay steady, in terms of how many times per year a

Target appers to stay steady, in terms of how many days a firm ne

Looking at the inventory turnover ratio across time, target appears t

Looking at the days to sell inventory ratio across time, Target appea
Looking at the Net Profit Margin ratio across time, Target ppears to

Looking at the Total Assest Turnover ratio over time, Target appears

2011

2012

2013

2014

2015

2016

1.32

1.56

1.78

1.99

2.19

2.39

8.80

8.39

8.39

8.39

8.39

8.39

40.89

42.91

42.91

42.91

42.91

6.30

6.51

6.71

6.91

7.12

7.33

57.14

55.28

53.67

52.10

50.58

49.11

4.68%

4.74%

4.74%

4.74%

4.74%

4.74%

1.59

1.55

1.48

1.43

1.37

1.33

42.91

e, Target appears to improve, in terms of its preparedness to pay a firms's prepareness to pay its debt coming soonwith cash from its most

of how many times per year a firm collects an entire balance of Accounts Receivable , on average.
of how many days a firm needs to collects an entire balance of Accounts Receivable once.

across time, target appears to be getting worse, in terms of the number of times per year that it turns over an entire balance of inventory, on

tio across time, Target appears to be improving, in terma of the daysa firm needs to turn over an entire balance of invemtory, once, on aver

across time, Target ppears to be improving, in terms of its mesuredness how effectively a firm is managing all of its expenses while generati

atio over time, Target appears to be getting worse , in terms of mesures the ability of a firm to use all of its assets to genearte sales.

oonwith cash from its most liquid assets,

ire balance of inventory, on average.

of invemtory, once, on average.

s expenses while generating sells .

to genearte sales.