Operating

Change in Inventories

Target Change in Inventories increased by 1306.6% to $2.02B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 21.3%, from $2.56B to $2.02B. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

An increase might signal preparation for a major product launch or, conversely, slowing demand and potential future write-downs.

Detailed definition

This metric tracks the change in the value of raw materials, work-in-progress, and finished goods held by the company. A...

Peer comparison

Consumer hardware companies aim for high inventory turnover to minimize the risk of product obsolescence.

Metric ID: cf_change_in_inventories

Historical Data

16 periods
 Q2 '21Q3 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25
Value$720.00M$3.70B$1.18B$237.00M$1.80B-$3.62B-$883.00M$68.00M$2.05B-$2.85B-$156.00M$874.00M$2.56B$308.00M-$167.00M$2.02B
QoQ Change+413.8%-68.1%-79.9%+658.2%-301.3%+75.6%+107.7%>999%-239.0%+94.5%+660.3%+193.0%-88.0%-154.2%>999%
YoY Change-67.1%-51.4%-174.8%-71.3%+13.9%+21.4%+82.3%>999%+25.1%+297.4%-119.1%-21.3%
Range-$3.62B$3.70B
CAGR+31.6%
Avg YoY Growth+93.4%
Median YoY Growth-3.7%

Frequently Asked Questions

What is Target's change in inventories?
Target (TGT) reported change in inventories of $2.02B in Q3 2025.
How has Target's change in inventories changed year-over-year?
Target's change in inventories decreased by 21.3% year-over-year, from $2.56B to $2.02B.
What does change in inventories mean?
The change in the value of products and materials the company has in stock.