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

Growth Rate in Sales

Key Financial Items

Cash
Receivables
Inventory
Other Current 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
Dividend Payout Ratio

2.00%
2007

2008

2009

2010

2011

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

716
5776
5343
1093
12928
18464
31392
8314
12013
20327
11065
48163
31790
3519
2960
1841
246
13.36%
12.68%

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

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

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

2007
12.67%
10.84%
1.94%
17.13%
66.63%
7.43%
6.09%
3.77%

2008
11.99%
11.09%
2.27%
17.26%
66.01%
7.31%
6.15%
3.82%

2009
11.74%
11.49%
1.70%
17.55%
67.13%
7.69%
6.47%
6.83%

2010
11.83%
11.09%
1.32%
18.22%
66.38%
8.16%
7.34%
4.58%

2011
11.36%
10.51%
1.48%
18.69%
66.23%
8.47%
7.56%
4.68%

Additions to Retained Earnings

Percentage of Sales
Financial Item
Receivables
Inventory
Other Current Assets
Total Current Liabilities
Cost of Sales
EBIT
Pretax Income
Net Income (Loss)

2012

2013

2014

2015

2016

2338
7232
6254
1057
16881
22643
39524
10783
10599
21382
18142
60680
40336
4741
4078
2873
364

4948
7377
6254
1078
19656
22643
42299
10998
10599
21597
20702
61893
41143
4836
4160
2931
372

7609
7524
6254
1100
22487
22643
45130
11218
10599
21817
23312
63131
41966
4932
4243
2990
379

10324
7675
6254
1122
25374
22643
48017
11443
10599
22042
25975
64394
42805
5031
4328
3049
387

13093
7828
6254
1144
28319
22643
50962
11672
10599
22271
28691
65682
43661
5132
4414
3110
394

2509

2559

2611

2663

2716

Average
11.92%
11.01%
1.74%
17.77%
66.47%
7.81%
6.72%
4.74%

Now
Dividend Expense (in millions)
Dividend Per Share

2012

2013
2014
364
372
379
0.5441875588 0.5550713 0.566173

0.5085865036 0.4848208 0.462166

PRICE
11.88
r
g
# of Shares (in millions)

7.00%
2.50%
669.3

2015
2016
2017
2018
2019
387
394
0.577496 0.589046 0.603772 0.618867 0.634338
P2015
13.08991
10.4268

etc.
etc.
etc.

Current Ratio
Accounts Receivable Turnover
Average Collection Period
Inventory Turnover
Days to Sell Inventory
Net Profit Margin
Total Asset Turnover

2007

2008

2009

2010

2011

1.5865
7.8916
46.251452
6.1470588
59.37799
0.037662
1.5353984

1.5550
8.3385
43.77302
5.949841
61.34618
0.038224
1.534244

1.6937
8.5208
42.8362
5.840453
62.49515
0.068276
1.450438

1.5024
8.4517
43.18681
5.9827
61.00925
0.045762
1.503643

1.3228
8.8042
41.45747
6.299808
57.93827
0.046848
1.592814

Current Ratio Analysis

Looking at the current ratio across time, Target appears to remaining steady until 2011, and then s
A/R Turnover Analysis
Looking at the accounts receivable turnover ratio across time, Target slowly improves until 2012, th
Average Collection Period Analysis
Looking at the average collection period ratio over time, Target takes less days to collect an averag
Inventory Turnover Analysis
Looking at the inventory turnover ratio, Target has lesser amounts of times and gets worse where t
Days to Sell Inventory Analysis
Looking at the inventory holding period, Target gradually spends more days per year to turn over a
Net Profit Margin Analysis
Looking at the net profit margin, Target stays constant in how they manage their expenses to gene
After that, in 2010, it slowly decreases, getting worse, and eventually by 2012 it remains steady.
Total Asset Turnover Ratio
Looking at the total asset turnover, the total asset turnover decreases and gets worse until after 20

2012

2013

2014

2015

2016

1.5656
8.3906
43.50099
6.449655
56.59218
0.047355
1.535262

1.7872
8.3906
43.50099
6.578648
55.48253
0.047355
1.463231

2.0044
8.3906
43.50099
6.710221
54.39463
0.047355
1.398884

2.2175
8.3906
43.50099
6.844425
53.32807
0.047355
1.341066

2.4263
8.3906
43.50099
6.981314
52.28242
0.047355
1.288841

until 2011, and then slowly improving after 2012 in terms of its preparedness to pay a firms preparedness to

mproves until 2012, then remains constant from 2012 onward in its ability to collect an entire balance of acco

ys to collect an average balance of accounts receivable until 2011, then improves slightly and remains consta

nd gets worse where they turn over an entire balance of inventory until 2009, then gradually increase and ge

er year to turn over an entire balance of inventory once, getting worse until after 2009, when they gradually

heir expenses to generate sales, until 2009, where a higher net income that year leads to a higher net profit
2 it remains steady.

ts worse until after 2009, where Target's ability to use it assets to generate its sales drastically increases for

firms preparedness to pay its debt coming due soon with cash from its most liquid assets.

entire balance of accounts receivable.

ly and remains constant from 2012 onward.

dually increase and get better from 2010 onward.

, when they gradually decrease the amount of days and to turnover an entire balance of inventory once.

to a higher net profit margin.

astically increases for two years, signaling improvement, then begins another decline from 2012 onward and

of inventory once.

om 2012 onward and gradually gets worse.