Nordstrom Inc (JWN)

Number of days of payables

		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
Payables turnover		4.32	2.78	3.75	3.28	4.09	2.56	3.02	2.71	3.30	2.04	2.28	2.47	2.24	2.98	5.86	8.29	6.55	4.79	5.70	6.47
Number of days of payables	days	84.42	131.23	97.25	111.32	89.21	142.55	120.88	134.73	110.69	178.82	160.38	147.94	163.07	122.46	62.30	44.02	55.72	76.23	64.02	56.41

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.32
= 84.42

The number of days of payables for Nordstrom Inc has fluctuated over the periods provided. During the most recent period ending on February 3, 2024, the number of days of payables was 84.42 days. This indicates that, on average, Nordstrom takes approximately 84.42 days to pay its suppliers and vendors.

Looking back at historical trends, the number of days of payables has ranged from a low of 44.02 days on August 1, 2020, to a high of 178.82 days on October 30, 2021. This variability suggests changes in Nordstrom's payment practices and relationships with suppliers over time.

Analyzing the trend, it appears that Nordstrom has been managing its payables more efficiently in recent periods compared to some earlier periods. For example, the number of days of payables decreased significantly from 160.38 days on July 31, 2021, to 84.42 days on February 3, 2024. This improvement may indicate a focus on optimizing cash flow and working capital management.

Overall, monitoring the number of days of payables provides insight into Nordstrom's liquidity, supplier relationships, and operational efficiency in managing its payment obligations. It is essential to continue tracking this metric to assess Nordstrom's financial health and performance in the future.