Target Accounts Payable vs Inventory Analysis

0LD8 Stock

130.30 2.97 2.33%

Target Corp financial indicator trend analysis is much more than just breaking down Target Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Target Corp is a good investment. Please check the relationship between Target Corp Accounts Payable and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Target Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Inventory

Accounts Payable vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Target Corp Accounts Payable account and Inventory. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Target Corp's Accounts Payable and Inventory is 0.87. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Target Corp, assuming nothing else is changed. The correlation between historical values of Target Corp's Accounts Payable and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Target Corp are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Accounts Payable i.e., Target Corp's Accounts Payable and Inventory go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Target Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Target Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Inventory

Most indicators from Target Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Target Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Target Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Target Corp's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 9.2 M in 2024, whereas Tax Provision is likely to drop slightly above 838.6 M in 2024.

	2014	2020	2023	2024 (projected)
Total Revenue	78.1B	107.4B	123.5B	129.7B
Depreciation And Amortization	2.6B	2.8B	3.2B	3.4B

Total Revenue Depreciation And Amortization

Target Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Current Deferred Revenue	Good Will	Intangible Assets
Total Assets		0.74	0.84	0.7	0.78	0.74	0.59	0.32	0.75	0.74	0.36	0.54	-0.24	-0.88	0.7	0.7	0.18	0.56	0.7	0.94	0.24	0.81	-0.84	-0.19	0.4	-0.26
Short Long Term Debt Total	0.74		0.98	0.98	0.5	0.96	0.95	0.17	0.59	0.95	0.08	0.84	0.38	-0.71	0.98	0.98	-0.03	0.84	0.98	0.84	0.75	0.87	-0.76	-0.35	0.61	-0.5
Other Current Liab	0.84	0.98		0.95	0.54	0.92	0.88	0.13	0.72	0.92	0.22	0.84	0.19	-0.82	0.95	0.95	-0.07	0.84	0.95	0.92	0.61	0.94	-0.85	-0.27	0.65	-0.41
Total Current Liabilities	0.7	0.98	0.95		0.41	0.95	0.92	0.07	0.61	0.94	0.16	0.9	0.39	-0.73	1.0	1.0	-0.17	0.93	1.0	0.83	0.71	0.89	-0.79	-0.22	0.72	-0.4
Total Stockholder Equity	0.78	0.5	0.54	0.41		0.65	0.51	0.83	0.19	0.66	0.15	0.05	-0.2	-0.57	0.44	0.43	0.68	0.16	0.43	0.55	0.26	0.42	-0.46	-0.24	-0.1	-0.21
Property Plant And Equipment Net	0.74	0.96	0.92	0.95	0.65		0.96	0.38	0.44	1.0	0.1	0.72	0.36	-0.69	0.96	0.96	0.13	0.79	0.95	0.77	0.75	0.8	-0.71	-0.29	0.51	-0.43
Net Debt	0.59	0.95	0.88	0.92	0.51	0.96		0.35	0.32	0.96	-0.11	0.7	0.56	-0.51	0.94	0.93	0.14	0.73	0.93	0.66	0.89	0.7	-0.56	-0.45	0.43	-0.59
Retained Earnings	0.32	0.17	0.13	0.07	0.83	0.38	0.35		-0.38	0.39	-0.26	-0.37	0.06	-0.03	0.12	0.1	0.93	-0.25	0.09	0.06	0.33	-0.09	0.08	-0.39	-0.55	-0.3
Cash	0.75	0.59	0.72	0.61	0.19	0.44	0.32	-0.38		0.43	0.57	0.76	-0.32	-0.86	0.57	0.58	-0.47	0.69	0.59	0.86	-0.02	0.86	-0.88	0.12	0.76	-0.01
Non Current Assets Total	0.74	0.95	0.92	0.94	0.66	1.0	0.96	0.39	0.43		0.1	0.71	0.35	-0.69	0.95	0.95	0.14	0.78	0.95	0.77	0.75	0.8	-0.71	-0.29	0.5	-0.42
Non Currrent Assets Other	0.36	0.08	0.22	0.16	0.15	0.1	-0.11	-0.26	0.57	0.1		0.31	-0.72	-0.7	0.09	0.13	-0.48	0.4	0.12	0.32	-0.52	0.53	-0.68	0.84	0.59	0.78
Cash And Short Term Investments	0.54	0.84	0.84	0.9	0.05	0.72	0.7	-0.37	0.76	0.71	0.31		0.29	-0.7	0.88	0.89	-0.56	0.97	0.89	0.77	0.49	0.89	-0.8	-0.01	0.92	-0.21
Net Receivables	-0.24	0.38	0.19	0.39	-0.2	0.36	0.56	0.06	-0.32	0.35	-0.72	0.29		0.35	0.43	0.41	0.05	0.25	0.41	-0.06	0.86	-0.05	0.25	-0.61	0.03	-0.69
Common Stock Shares Outstanding	-0.88	-0.71	-0.82	-0.73	-0.57	-0.69	-0.51	-0.03	-0.86	-0.69	-0.7	-0.7	0.35		-0.69	-0.71	0.21	-0.75	-0.71	-0.88	-0.08	-0.94	0.99	-0.23	-0.71	-0.11
Non Current Liabilities Total	0.7	0.98	0.95	1.0	0.44	0.96	0.94	0.12	0.57	0.95	0.09	0.88	0.43	-0.69		1.0	-0.11	0.89	1.0	0.82	0.76	0.86	-0.75	-0.3	0.67	-0.47
Inventory	0.7	0.98	0.95	1.0	0.43	0.96	0.93	0.1	0.58	0.95	0.13	0.89	0.41	-0.71	1.0		-0.13	0.91	1.0	0.82	0.73	0.87	-0.77	-0.25	0.7	-0.42
Other Current Assets	0.18	-0.03	-0.07	-0.17	0.68	0.13	0.14	0.93	-0.47	0.14	-0.48	-0.56	0.05	0.21	-0.11	-0.13		-0.51	-0.14	-0.09	0.23	-0.32	0.32	-0.55	-0.77	-0.41
Other Stockholder Equity	0.56	0.84	0.84	0.93	0.16	0.79	0.73	-0.25	0.69	0.78	0.4	0.97	0.25	-0.75	0.89	0.91	-0.51		0.91	0.75	0.49	0.9	-0.84	0.1	0.93	-0.1
Total Liab	0.7	0.98	0.95	1.0	0.43	0.95	0.93	0.09	0.59	0.95	0.12	0.89	0.41	-0.71	1.0	1.0	-0.14	0.91		0.82	0.74	0.87	-0.77	-0.26	0.7	-0.43
Total Current Assets	0.94	0.84	0.92	0.83	0.55	0.77	0.66	0.06	0.86	0.77	0.32	0.77	-0.06	-0.88	0.82	0.82	-0.09	0.75	0.82		0.35	0.91	-0.89	-0.21	0.62	-0.34
Short Term Debt	0.24	0.75	0.61	0.71	0.26	0.75	0.89	0.33	-0.02	0.75	-0.52	0.49	0.86	-0.08	0.76	0.73	0.23	0.49	0.74	0.35		0.35	-0.15	-0.67	0.17	-0.78
Accounts Payable	0.81	0.87	0.94	0.89	0.42	0.8	0.7	-0.09	0.86	0.8	0.53	0.89	-0.05	-0.94	0.86	0.87	-0.32	0.9	0.87	0.91	0.35		-0.97	0.06	0.83	-0.1
Common Stock	-0.84	-0.76	-0.85	-0.79	-0.46	-0.71	-0.56	0.08	-0.88	-0.71	-0.68	-0.8	0.25	0.99	-0.75	-0.77	0.32	-0.84	-0.77	-0.89	-0.15	-0.97		-0.22	-0.81	-0.08
Current Deferred Revenue	-0.19	-0.35	-0.27	-0.22	-0.24	-0.29	-0.45	-0.39	0.12	-0.29	0.84	-0.01	-0.61	-0.23	-0.3	-0.25	-0.55	0.1	-0.26	-0.21	-0.67	0.06	-0.22		0.37	0.98
Good Will	0.4	0.61	0.65	0.72	-0.1	0.51	0.43	-0.55	0.76	0.5	0.59	0.92	0.03	-0.71	0.67	0.7	-0.77	0.93	0.7	0.62	0.17	0.83	-0.81	0.37		0.17
Intangible Assets	-0.26	-0.5	-0.41	-0.4	-0.21	-0.43	-0.59	-0.3	-0.01	-0.42	0.78	-0.21	-0.69	-0.11	-0.47	-0.42	-0.41	-0.1	-0.43	-0.34	-0.78	-0.1	-0.08	0.98	0.17

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Target Corp Account Relationship Matchups

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Target Accounts Payable vs Inventory Analysis

Accounts Payable vs Inventory

Accounts Payable vs Inventory Correlation Analysis

Correlation Coefficient

Accounts Payable

Inventory

Target Corp fundamental ratios Correlations

Target Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Non Current Liabilities Total	+ 1.0	Total Current Liabilities
Inventory	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Inventory	+ 1.0	Non Current Liabilities Total
Total Liab	+ 1.0	Non Current Liabilities Total

Common Stock	- 0.97	Accounts Payable
Accounts Payable	- 0.94	Common Stock Shares Outstanding
Common Stock	- 0.89	Total Current Assets
Total Current Assets	- 0.88	Common Stock Shares Outstanding
Common Stock	- 0.88	Cash
Common Stock Shares Outstanding	- 0.88	Total Assets