Nordstrom Inc (JWN)

Total asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Revenue (ttm)	US$ in thousands	15,016,000	15,113,000	16,069,000	15,495,000	15,480,000	14,832,000	14,184,000	14,045,000	13,906,000	14,453,000	15,000,000	15,365,000	15,730,000	15,506,000	15,282,000	15,305,000	16,245,000	16,636,000	16,178,000	16,246,000
Total assets	US$ in thousands	8,966,000	9,320,000	8,643,000	8,476,000	8,444,000	8,444,000	9,013,000	9,013,000	8,801,000	8,801,000	8,828,000	8,828,000	8,745,000	8,745,000	9,395,000	9,395,000	9,162,000	9,162,000	9,174,000	8,869,000
Total asset turnover		1.67	1.62	1.86	1.83	1.83	1.76	1.57	1.56	1.58	1.64	1.70	1.74	1.80	1.77	1.63	1.63	1.77	1.82	1.76	1.83

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,016,000K ÷ $8,966,000K
= 1.67

Nordstrom Inc's total asset turnover ratio indicates the company's efficiency in generating revenue from its total assets. The trend of total asset turnover for Nordstrom Inc over the reported period shows fluctuations, ranging from 1.56 to 1.86.

The average total asset turnover for Nordstrom Inc during this period is approximately 1.72. This denotes that, on average, the company generates $1.72 in revenue for every dollar of assets it holds.

There are fluctuations in the total asset turnover ratio throughout the reported period, indicating changes in the company's effectiveness in utilizing its assets to generate sales. It is important to closely monitor this ratio to assess Nordstrom Inc's operational efficiency and asset utilization over time.