Nordstrom Inc (JWN)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,344,000 | 5,257,000 | 5,382,000 | 5,489,000 | 5,065,000 | 5,308,000 | 5,275,000 | 5,142,000 | 5,042,000 | 4,715,000 | 4,463,000 | 4,135,000 | 4,387,000 | 6,119,000 | 7,605,000 | 9,329,000 | 10,324,000 | 10,285,000 | 10,370,000 | 10,476,000 |
| Payables | US$ in thousands | 1,236,000 | 1,890,000 | 1,434,000 | 1,674,000 | 1,238,000 | 2,073,000 | 1,747,000 | 1,898,000 | 1,529,000 | 2,310,000 | 1,961,000 | 1,676,000 | 1,960,000 | 2,053,000 | 1,298,000 | 1,125,000 | 1,576,000 | 2,148,000 | 1,819,000 | 1,619,000 |
| 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 |
February 3, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,344,000K ÷ $1,236,000K
= 4.32
The payables turnover ratio for Nordstrom Inc has displayed fluctuations over the past several periods. In the most recent period ending February 3, 2024, the company achieved a payables turnover ratio of 4.32, indicating that the company paid off its accounts payable approximately 4.32 times during the period. This represents an improvement from the previous period, where the ratio was 2.78.
The trend in payables turnover suggests that Nordstrom has been managing its accounts payable more efficiently in recent periods. The ratios have fluctuated but generally show an increasing trend over time. A higher payables turnover ratio typically indicates that the company is efficiently managing its payables by paying suppliers in a timely manner.
It is important to note that individual ratios should be viewed in conjunction with other financial metrics and industry benchmarks to obtain a comprehensive understanding of Nordstrom's financial performance and liquidity management.
Peer comparison
Feb 3, 2024