The part sloshed back and forth offsets the phase of the current vs the voltage, (capacitors lag the voltage or lead the current, inductors lag the current or lead the voltage depending on what you are using as reference) if you want to find what your true watts consumed are then you will need to know the phase (or power factor) to be able to normalize it to a resistive load,
Also be aware that an AC motors power consumption is dependent on the loading,
An unsafe example used in tafes in aus to demonstrate power factor involves using a 2 channel oscilloscope behind an isolation transformer, one channel on the active voltage, the neutral broken by a current shunt, with the second channel measuring the device side of the current shunt, and the scope ground on the neutral side of the shunt,