Nordstrom Inc (JWN)
Working capital 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 current assets | US$ in thousands | 3,136,000 | 3,715,000 | 3,510,000 | 3,511,000 | 3,209,000 | 3,807,000 | 3,601,000 | 3,539,000 | 3,172,000 | 3,777,000 | 3,461,000 | 3,499,000 | 3,642,000 | 3,907,000 | 3,405,000 | 3,667,000 | 3,230,000 | 3,573,000 | 3,483,000 | 2,958,000 |
| Total current liabilities | US$ in thousands | 3,072,000 | 3,709,000 | 3,546,000 | 3,654,000 | 2,990,000 | 3,839,000 | 3,556,000 | 3,587,000 | 3,314,000 | 4,089,000 | 3,856,000 | 4,008,000 | 4,120,000 | 4,394,000 | 3,642,000 | 3,799,000 | 3,520,000 | 3,981,000 | 4,425,000 | 3,892,000 |
| Working capital turnover | 229.58 | 2,432.00 | — | — | 70.91 | — | 350.82 | — | — | — | — | — | — | — | — | — | — | — | — | — |
February 3, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $14,693,000K ÷ ($3,136,000K – $3,072,000K)
= 229.58
Based on the data provided for Nordstrom Inc's working capital turnover ratio over the past periods, there are some significant fluctuations.
The working capital turnover ratio indicates how efficiently a company is utilizing its working capital to generate sales. In this case, Nordstrom Inc's working capital turnover ratio varies from as low as 70.91 to as high as 2,432.00 over the reported periods.
The notable fluctuations in the working capital turnover ratio may indicate changes in the company's management of its working capital, such as inventory, accounts receivable, and accounts payable. A low turnover ratio may suggest inefficiency in managing working capital, while a high ratio may indicate effective management.
It is important to further analyze the reasons behind these fluctuations in order to understand the company's operational efficiency and financial management practices during these periods.
Peer comparison
Feb 3, 2024