Nordstrom Inc (JWN)
Fixed asset turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,693,000 | 14,592,000 | 14,818,000 | 15,141,000 | 15,529,000 | 15,696,000 | 15,787,000 | 15,349,000 | 14,789,000 | 13,948,000 | 13,400,000 | 11,605,000 | 10,715,000 | 11,607,000 | 12,190,000 | 14,200,000 | 15,524,000 | 15,470,000 | 15,546,000 | 15,741,000 |
| Property, plant and equipment | US$ in thousands | 3,177,000 | 3,187,000 | 3,181,000 | 3,197,000 | 3,351,000 | 3,373,000 | 3,443,000 | 3,505,000 | 3,562,000 | 3,558,000 | 3,573,000 | 3,642,000 | 3,732,000 | 3,770,000 | 3,845,000 | 3,974,000 | 4,179,000 | 4,146,000 | 4,036,000 | 3,963,000 |
| Fixed asset turnover | 4.62 | 4.58 | 4.66 | 4.74 | 4.63 | 4.65 | 4.59 | 4.38 | 4.15 | 3.92 | 3.75 | 3.19 | 2.87 | 3.08 | 3.17 | 3.57 | 3.71 | 3.73 | 3.85 | 3.97 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,693,000K ÷ $3,177,000K
= 4.62
The fixed asset turnover ratio for Nordstrom Inc has shown fluctuation over the period analyzed. The ratio measures the efficiency with which the company generates revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
From the data provided, it can be observed that the fixed asset turnover ratio ranged from 2.87 to 4.74 over the period. In general, the ratio has trended downwards from early 2020 to early 2023, with some variability in between. This downward trend may suggest a decrease in the efficiency of Nordstrom's fixed asset utilization during this period.
However, it is important to note that the ratio started to increase after early 2023, indicating potential improvements in the company's ability to generate sales from its fixed assets. The highest ratio of 4.74 was recorded in April 2023, which could indicate enhanced efficiency in utilizing fixed assets to drive revenue.
Overall, Nordstrom Inc's fixed asset turnover ratio has shown fluctuations, but the recent uptrend may suggest a positive direction in terms of its ability to generate sales from its fixed asset base.
Peer comparison
Feb 3, 2024