Nordstrom Inc (JWN)
Total asset turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,016,000 | 14,693,000 | 14,693,000 | 15,530,000 | 15,530,000 |
| Total assets | US$ in thousands | 8,966,000 | 8,444,000 | 8,444,000 | 8,745,000 | 8,745,000 |
| Total asset turnover | 1.67 | 1.74 | 1.74 | 1.78 | 1.78 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,016,000K ÷ $8,966,000K
= 1.67
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. Nordstrom Inc's total asset turnover has shown a consistent trend over the past few years. In January 2023 and February 2023, the total asset turnover was 1.78, indicating that the company generated $1.78 in sales for every $1 of total assets.
However, there was a slight decrease in total asset turnover to 1.74 in January 2024 and February 2024. This may suggest a slight decline in the company's efficiency in utilizing its assets to generate sales revenue during that period.
By January 2025, the total asset turnover further decreased to 1.67, indicating a potential ongoing challenge for Nordstrom Inc in efficiently utilizing its assets to drive sales growth. Further analysis and comparison with industry benchmarks would be valuable to understand the overall efficiency and competitiveness of Nordstrom Inc in utilizing its assets to generate revenue.
Peer comparison
Jan 31, 2025