Nordstrom Inc (JWN)
Inventory turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,396,000 | 5,345,000 | 9,303,000 | 10,019,000 | 5,126,000 |
| Inventory | US$ in thousands | 2,104,000 | 1,888,000 | 1,888,000 | 1,941,000 | 1,941,000 |
| Inventory turnover | 4.47 | 2.83 | 4.93 | 5.16 | 2.64 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,396,000K ÷ $2,104,000K
= 4.47
Nordstrom Inc's inventory turnover ratio has exhibited fluctuations over the past few years, indicating varying efficiency in managing its inventory. The ratio decreased from 2.64 in January 28, 2023, to 2.83 in February 3, 2024, suggesting a slower rate of inventory turnover during that period. However, it rebounded to 5.16 by January 31, 2023, demonstrating a significant improvement in inventory management efficiency.
Subsequently, the ratio remained relatively stable around 4.93 in January 31, 2024, and 4.47 in January 31, 2025, indicating that Nordstrom continued to effectively turn over its inventory at a moderate pace during those periods.
Overall, the fluctuation in Nordstrom's inventory turnover ratio suggests some variability in the company's ability to efficiently manage its inventory levels. This metric is crucial in assessing how effectively Nordstrom is converting its inventory into sales, with higher ratios typically indicating more efficient inventory management.
Peer comparison
Jan 31, 2025