Nordstrom Inc (JWN)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,693,000 | 14,592,000 | 14,818,000 | 15,141,000 | 15,529,000 | 15,696,000 | 15,787,000 | 15,349,000 | 14,789,000 | 13,948,000 | 13,400,000 | 11,605,000 | 10,715,000 | 11,607,000 | 12,190,000 | 14,200,000 | 15,524,000 | 15,470,000 | 15,546,000 | 15,741,000 |
| Total assets | US$ in thousands | 8,444,000 | 9,013,000 | 8,801,000 | 8,828,000 | 8,745,000 | 9,395,000 | 9,162,000 | 9,174,000 | 8,869,000 | 9,534,000 | 9,230,000 | 9,333,000 | 9,538,000 | 9,811,000 | 9,535,000 | 9,969,000 | 9,737,000 | 10,075,000 | 9,935,000 | 9,338,000 |
| Total asset turnover | 1.74 | 1.62 | 1.68 | 1.72 | 1.78 | 1.67 | 1.72 | 1.67 | 1.67 | 1.46 | 1.45 | 1.24 | 1.12 | 1.18 | 1.28 | 1.42 | 1.59 | 1.54 | 1.56 | 1.69 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,693,000K ÷ $8,444,000K
= 1.74
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 fluctuated over the past several quarters, ranging from a low of 1.12 to a high of 1.78.
The trend in Nordstrom's total asset turnover indicates that the company has been able to effectively utilize its assets to generate sales revenue. The ratio has generally been above 1.5, with some fluctuations, suggesting that Nordstrom is efficient in leveraging its assets to drive sales.
It is important to note that a higher total asset turnover ratio indicates better efficiency in asset utilization, as the company is generating more revenue for each dollar of assets. Nordstrom's average total asset turnover ratio of around 1.60 over the period indicates that the company has been effective in managing its assets to drive sales growth.
Overall, Nordstrom's total asset turnover ratio reflects a solid performance in effectively utilizing its assets to generate sales revenue, indicating good efficiency and potential financial strength.
Peer comparison
Feb 3, 2024