Nordstrom Inc (JWN)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,693,000 | 15,530,000 | 14,789,000 | 10,715,000 | 15,524,000 |
| Total assets | US$ in thousands | 8,444,000 | 8,745,000 | 8,869,000 | 9,538,000 | 9,737,000 |
| Total asset turnover | 1.74 | 1.78 | 1.67 | 1.12 | 1.59 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,693,000K ÷ $8,444,000K
= 1.74
The total asset turnover ratio for Nordstrom Inc has fluctuated over the past five years. In the most recent fiscal year ending February 3, 2024, the ratio stood at 1.74, indicating that for every dollar invested in total assets, the company generated $1.74 in revenue. This represents a slight decrease from the previous year's ratio of 1.78.
Looking at historical data, the total asset turnover ratio has shown variability. In fiscal year 2021, the ratio was 1.12, indicating lower efficiency in generating revenue from total assets compared to the other years. However, in fiscal year 2020, the ratio was relatively higher at 1.59.
Overall, Nordstrom Inc's total asset turnover ratio has shown some fluctuations, reflecting changes in the company's ability to generate revenue with its total asset base. It is essential for the company to continuously monitor and improve this ratio to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Feb 3, 2024