Target Gross Profit vs Depreciation And Amortization Analysis

0LD8 Stock

136.62 0.83 0.61%

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 Gross Profit and its Depreciation And Amortization 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.

Gross Profit vs Depreciation And Amortization

Gross Profit vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Target Corp Gross Profit account and Depreciation And Amortization. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Target Corp's Gross Profit and Depreciation And Amortization is 0.93. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Depreciation And Amortization 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 Gross Profit and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Target Corp are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Gross Profit i.e., Target Corp's Gross Profit and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Target Corp minus its cost of goods sold. It is profit before Target Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

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	0.0	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	-0.19	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	-0.24	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	-0.3	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	0.58	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	0.01	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	0.02	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	0.92	-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	-0.64	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	0.02	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	-0.43	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	-0.68	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	0.02	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	0.33	-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	-0.25	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		-0.27	0.91	1.0	0.82	0.73	0.87	-0.77	-0.25	0.7	-0.42
Other Current Assets	0.0	-0.19	-0.24	-0.3	0.58	0.01	0.02	0.92	-0.64	0.02	-0.43	-0.68	0.02	0.33	-0.25	-0.27		-0.6	-0.27	-0.29	0.13	-0.46	0.44	-0.39	-0.83	-0.24
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	-0.6		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	-0.27	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	-0.29	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	0.13	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	-0.46	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	0.44	-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	-0.39	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	-0.83	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	-0.24	-0.1	-0.43	-0.34	-0.78	-0.1	-0.08	0.98	0.17

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Target Gross Profit vs Depreciation And Amortization Analysis

Gross Profit vs Depreciation And Amortization

Gross Profit vs Depreciation And Amortization Correlation Analysis

Correlation Coefficient

Gross Profit

Depreciation And Amortization

Target Corp fundamental ratios Correlations

Target Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

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