Target Gross Profit vs Other Operating Expenses Analysis

0LD8 Stock   136.66  0.10  0.07%   
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 Other Operating Expenses 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 Other Operating Expenses

Gross Profit vs Other Operating Expenses 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 Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Target Corp's Gross Profit and Other Operating Expenses is 0.98. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Other Operating Expenses 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 Other Operating Expenses 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 Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Gross Profit i.e., Target Corp's Gross Profit and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Target Corp. It is also known as Target Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
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 Revenue78.1B107.4B123.5B129.7B
Depreciation And Amortization2.6B2.8B3.2B3.4B

Target Corp fundamental ratios Correlations

0.740.840.70.780.740.590.320.750.740.360.54-0.24-0.880.70.70.00.560.70.940.240.81-0.84-0.190.4-0.26
0.740.980.980.50.960.950.170.590.950.080.840.38-0.710.980.98-0.190.840.980.840.750.87-0.76-0.350.61-0.5
0.840.980.950.540.920.880.130.720.920.220.840.19-0.820.950.95-0.240.840.950.920.610.94-0.85-0.270.65-0.41
0.70.980.950.410.950.920.070.610.940.160.90.39-0.731.01.0-0.30.931.00.830.710.89-0.79-0.220.72-0.4
0.780.50.540.410.650.510.830.190.660.150.05-0.2-0.570.440.430.580.160.430.550.260.42-0.46-0.24-0.1-0.21
0.740.960.920.950.650.960.380.441.00.10.720.36-0.690.960.960.010.790.950.770.750.8-0.71-0.290.51-0.43
0.590.950.880.920.510.960.350.320.96-0.110.70.56-0.510.940.930.020.730.930.660.890.7-0.56-0.450.43-0.59
0.320.170.130.070.830.380.35-0.380.39-0.26-0.370.06-0.030.120.10.92-0.250.090.060.33-0.090.08-0.39-0.55-0.3
0.750.590.720.610.190.440.32-0.380.430.570.76-0.32-0.860.570.58-0.640.690.590.86-0.020.86-0.880.120.76-0.01
0.740.950.920.940.661.00.960.390.430.10.710.35-0.690.950.950.020.780.950.770.750.8-0.71-0.290.5-0.42
0.360.080.220.160.150.1-0.11-0.260.570.10.31-0.72-0.70.090.13-0.430.40.120.32-0.520.53-0.680.840.590.78
0.540.840.840.90.050.720.7-0.370.760.710.310.29-0.70.880.89-0.680.970.890.770.490.89-0.8-0.010.92-0.21
-0.240.380.190.39-0.20.360.560.06-0.320.35-0.720.290.350.430.410.020.250.41-0.060.86-0.050.25-0.610.03-0.69
-0.88-0.71-0.82-0.73-0.57-0.69-0.51-0.03-0.86-0.69-0.7-0.70.35-0.69-0.710.33-0.75-0.71-0.88-0.08-0.940.99-0.23-0.71-0.11
0.70.980.951.00.440.960.940.120.570.950.090.880.43-0.691.0-0.250.891.00.820.760.86-0.75-0.30.67-0.47
0.70.980.951.00.430.960.930.10.580.950.130.890.41-0.711.0-0.270.911.00.820.730.87-0.77-0.250.7-0.42
0.0-0.19-0.24-0.30.580.010.020.92-0.640.02-0.43-0.680.020.33-0.25-0.27-0.6-0.27-0.290.13-0.460.44-0.39-0.83-0.24
0.560.840.840.930.160.790.73-0.250.690.780.40.970.25-0.750.890.91-0.60.910.750.490.9-0.840.10.93-0.1
0.70.980.951.00.430.950.930.090.590.950.120.890.41-0.711.01.0-0.270.910.820.740.87-0.77-0.260.7-0.43
0.940.840.920.830.550.770.660.060.860.770.320.77-0.06-0.880.820.82-0.290.750.820.350.91-0.89-0.210.62-0.34
0.240.750.610.710.260.750.890.33-0.020.75-0.520.490.86-0.080.760.730.130.490.740.350.35-0.15-0.670.17-0.78
0.810.870.940.890.420.80.7-0.090.860.80.530.89-0.05-0.940.860.87-0.460.90.870.910.35-0.970.060.83-0.1
-0.84-0.76-0.85-0.79-0.46-0.71-0.560.08-0.88-0.71-0.68-0.80.250.99-0.75-0.770.44-0.84-0.77-0.89-0.15-0.97-0.22-0.81-0.08
-0.19-0.35-0.27-0.22-0.24-0.29-0.45-0.390.12-0.290.84-0.01-0.61-0.23-0.3-0.25-0.390.1-0.26-0.21-0.670.06-0.220.370.98
0.40.610.650.72-0.10.510.43-0.550.760.50.590.920.03-0.710.670.7-0.830.930.70.620.170.83-0.810.370.17
-0.26-0.5-0.41-0.4-0.21-0.43-0.59-0.3-0.01-0.420.78-0.21-0.69-0.11-0.47-0.42-0.24-0.1-0.43-0.34-0.78-0.1-0.080.980.17
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Target Corp Account Relationship Matchups

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