after-tax return on invested capital (ROIC) (a)
trailing four quarters
Title
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
1Q | 2Q | 3Q | 4Q |
2019
2020
2021
2022
2023 (b)
ROIC
Fiscal Year | 1Q | 2Q | 3Q | 4Q |
2023 (b) | ||||
11.4 % | 13.7 % | 13.9 % | 16.1 % | |
2022 | 25.3 % | 18.4 % | 14.6 % | 12.6 % |
2021 | ||||
30.7 % | 31.7 % | 31.3 % | 33.1 % | |
2020 | ||||
13.4 % | 17.2 % | 19.9 % | 23.5 % | |
2019 | ||||
14.3 % | 15.2 % | 15.0 % | 16.0 % | |
ROIC excluding discrete impacts of the Tax Cuts and Jobs Act
Fiscal Year | 1Q | 2Q | 3Q | 4Q |
2019 | 14.1 % | 15.0 % | 15.1 % | 16.0 % |
- ROIC is a ratio based on GAAP information, with the exception of the add-back of operating lease interest to operating income. We believe ROIC is useful in assessing the effectiveness of our capital allocation over time. Other companies may calculate ROIC differently, limiting the usefulness of the measure for comparisons with other companies.
- The trailing 12 months through Q4 2023 consisted of 53 weeks compared with 52 weeks in the comparable periods presented.
Last Updated: 3/5/2024
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Target Corporation published this content on 05 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 11:48:05 UTC.