Nordstrom Inc (JWN)

Days of inventory on hand (DOH)

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Inventory turnover		4.47	2.83	4.93	5.16	2.64
DOH	days	81.73	128.93	74.08	70.71	138.21

January 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.47
= 81.73

The Days of Inventory on Hand (DOH) for Nordstrom Inc shows fluctuations over the years. As of January 28, 2023, the company had 138.21 days of inventory on hand, which decreased significantly to 70.71 days by January 31, 2023. This drastic reduction suggests improved inventory management or increased sales efficiency during this period.

However, by January 31, 2024, the DOH had increased to 74.08 days, indicating a slight slowdown in inventory turnover. This trend continued as of February 3, 2024, with DOH further rising to 128.93 days, signifying a potential buildup of inventory or decreased sales relative to the inventory level.

Finally, as of January 31, 2025, Nordstrom Inc managed to bring the DOH down to 81.73 days, suggesting a better balance between inventory levels and sales. Overall, fluctuations in DOH could imply shifts in demand patterns, operational efficiencies, or supply chain challenges that may impact Nordstrom's inventory management strategies.