Nordstrom Receivables Turnover vs Inventory Turnover Analysis
JWN Stock | USD 18.74 0.79 4.40% |
Nordstrom financial indicator trend analysis is infinitely more than just investigating Nordstrom recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nordstrom is a good investment. Please check the relationship between Nordstrom Receivables Turnover and its Inventory Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nordstrom. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Nordstrom Stock, please use our How to Invest in Nordstrom guide.
Receivables Turnover vs Inventory Turnover
Receivables Turnover vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordstrom Receivables Turnover account and Inventory Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nordstrom's Receivables Turnover and Inventory Turnover is 0.66. Overlapping area represents the amount of variation of Receivables Turnover that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Nordstrom, assuming nothing else is changed. The correlation between historical values of Nordstrom's Receivables Turnover and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Receivables Turnover of Nordstrom are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Receivables Turnover i.e., Nordstrom's Receivables Turnover and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Receivables Turnover
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most indicators from Nordstrom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nordstrom current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nordstrom. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Nordstrom Stock, please use our How to Invest in Nordstrom guide.At this time, Nordstrom's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 18th of April 2024, Enterprise Value Multiple is likely to grow to 9.17, while Selling General Administrative is likely to drop about 3.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.4B | 5.5B | 5.4B | 3.2B | Total Revenue | 14.8B | 15.5B | 14.7B | 8.9B |
Nordstrom fundamental ratios Correlations
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Nordstrom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nordstrom fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.7B | 9.5B | 8.9B | 8.7B | 8.4B | 5.6B | |
Short Long Term Debt Total | 4.8B | 5.2B | 4.7B | 4.6B | 4.5B | 4.7B | |
Total Current Liabilities | 3.5B | 4.1B | 3.3B | 3.0B | 3.1B | 1.8B | |
Total Stockholder Equity | 979M | 305M | 581M | 739M | 848M | 1.3B | |
Property Plant And Equipment Net | 6.0B | 5.3B | 5.1B | 4.8B | 4.5B | 2.4B | |
Net Debt | 3.9B | 4.5B | 4.3B | 4.0B | 3.9B | 4.0B | |
Retained Earnings | (2.1B) | (2.8B) | (2.7B) | (2.6B) | (2.6B) | (2.4B) | |
Cash | 853M | 681M | 322M | 687M | 628M | 499.5M | |
Non Current Assets Total | 6.5B | 5.9B | 5.7B | 5.5B | 5.3B | 2.8B | |
Non Currrent Assets Other | 305M | 334M | 390M | 466M | 523M | 549.2M | |
Cash And Short Term Investments | 853M | 681M | 322M | 687M | 628M | 542.8M | |
Net Receivables | 179M | 245M | 255M | 265M | 334M | 317.3M | |
Common Stock Shares Outstanding | 156.1M | 157.2M | 162.5M | 162.1M | 163.4M | 203.2M | |
Liabilities And Stockholders Equity | 9.7B | 9.5B | 8.9B | 8.7B | 8.4B | 5.6B | |
Non Current Liabilities Total | 5.2B | 5.1B | 5.0B | 5.0B | 4.5B | 2.4B | |
Inventory | 1.9B | 1.9B | 2.3B | 1.9B | 1.9B | 1.2B | |
Other Stockholder Equity | (68M) | (70M) | (50M) | (26M) | 3.4B | 3.6B | |
Total Liab | 8.8B | 9.2B | 8.3B | 8.0B | 7.6B | 4.2B | |
Total Current Assets | 3.2B | 3.6B | 3.2B | 3.2B | 3.1B | 2.8B | |
Short Term Debt | 244M | 760M | 242M | 258M | 490M | 514.5M | |
Accounts Payable | 1.6B | 2.0B | 1.5B | 1.2B | 1.2B | 841.9M | |
Property Plant And Equipment Gross | 6.0B | 5.3B | 12.8B | 13.1B | 12.8B | 13.4B | |
Accumulated Other Comprehensive Income | (68M) | (70M) | (50M) | (26M) | 8M | 8.4M | |
Other Liab | 687M | 657M | 565M | 634M | 729.1M | 778.0M | |
Other Assets | 305M | 334M | 390M | 466M | 535.9M | 273.6M | |
Long Term Debt | 2.7B | 2.8B | 2.9B | 2.9B | 2.6B | 2.4B | |
Common Stock Total Equity | 2.8B | 3.0B | 3.1B | 3.2B | 3.7B | 2.0B | |
Common Stock | 3.1B | 3.2B | 3.3B | 3.4B | 3.4B | 1.9B | |
Property Plant Equipment | 4.2B | 5.3B | 5.1B | 4.8B | 5.5B | 3.1B | |
Current Deferred Revenue | 510M | 352M | 366M | 370M | 343M | 405.5M | |
Net Tangible Assets | 2.6B | 56M | 332M | 490M | 441M | 419.0M | |
Long Term Debt Total | 2.7B | 2.8B | 2.9B | 2.9B | 3.3B | 3.1B | |
Non Current Liabilities Other | 683M | 657M | 565M | 634M | 535M | 557.2M |
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Is Nordstrom's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nordstrom. If investors know Nordstrom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nordstrom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.098 | Dividend Share 0.76 | Earnings Share 0.82 | Revenue Per Share 90.81 | Quarterly Revenue Growth 0.023 |
The market value of Nordstrom is measured differently than its book value, which is the value of Nordstrom that is recorded on the company's balance sheet. Investors also form their own opinion of Nordstrom's value that differs from its market value or its book value, called intrinsic value, which is Nordstrom's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nordstrom's market value can be influenced by many factors that don't directly affect Nordstrom's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nordstrom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordstrom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordstrom's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.