Assets
| Fiscal year is June-May. All values USD Millions. | 2022 | 2019 |
|---|---|---|
| Accounts Receivable Growth | 4.57% | 22.13% |
| Accounts Receivable Turnover | 10.03 | 9.16 |
| Inventories | 8,420 | 5,622 |
| Finished Goods | 8,420 | 5,622 |
In this post
What is Nike’s turnover rate?
NIKE’s latest twelve months inventory turnover is 3.3x. NIKE’s inventory turnover for fiscal years ending May 2018 to 2022 averaged 3.6x. NIKE’s operated at median inventory turnover of 3.5x from fiscal years ending May 2018 to 2022.
What is a good receivables turnover ratio?
An AR turnover ratio of 7.8 has more analytical value if you can compare it to the average for your industry. An industry average of 10 means Company X is lagging behind its peers, while an average ratio of 5.7 would indicate they’re ahead of the pack.
What is the average receivables turnover rate for the footwear industry?
Shoe Stores: average industry financial ratios for U.S. listed companies
| Financial ratio | Year | |
|---|---|---|
| 2021 | 2017 | |
| Asset turnover (days) | 255 | 178 |
| Receivables turnover (days) | 4 | 5 |
| Inventory turnover (days) | 118 | 123 |
How do you find receivables turnover ratio?
Accounts receivable turnover ratio is calculated by dividing your net credit sales by your average accounts receivable. The ratio is used to measure how effective a company is at extending credits and collecting debts.
What is Nike debt to equity ratio?
1 Nike’s capital structure has high equity capital relative to debt, with a debt-to-equity ratio of 0.66, though this figure rose sharply in 2020 due to store closures. 2 The company’s enterprise value grew rapidly in the five years leading up to 2021, driven almost entirely by the appreciating value of its equity.
What is Nike’s customer satisfaction?
Amazingly, 41.14% of the respondents say they are highly satisfied. Meanwhile, 23.45% say they are somewhat satisfied. As such, the Nike customer satisfaction survey shows that most clients are somehow happy with Nike products.
What does a higher AR turnover mean?
A high accounts receivable turnover ratio indicates that your business is more efficient at collecting from your customers. In business accounting, many formulas and calculations can provide you with valuable insights into your company’s financials and operations.
What does a low receivable turnover ratio indicate?
Low Receivable Turnover
In theory, a low receivable ratio is a sign of bad debt collecting methods, poor credit policies, or customers that are not creditworthy or financially viable. A company with a low turnover should reassess its collection processes to ensure that all the receivables are paid on time.
What does a receivables turnover of 7 times represent?
What does an inventory turnover ratio of 7 times represent? The company generates sales equivalent to 7 times its inventory value during the year.
Which industry has highest turnover?
Turnover rate by industry:
- Construction: 56.9%
- Manufacturing: 39.9%
- Trade, Transportation, and Utilities: 54.5%
- Information: 38.9%
- Financial activities: 28.5%
- Professional and Business services: 64.2%
- Education and Health services: 37.3%
- Leisure and Hospitality: 84.9%
What industries have high accounts receivable?
Some of the businesses in this sector include financial managers, accountants and auditors. Oil and gas extraction, technical and trade schools, and automotive equipment rental are the other industries with average accounts receivable periods of more than 100 days.
Which industry has highest inventory turnover?
The financial sector comes first as the industry with the highest turnover because these companies replenish their inventory almost 50 times annually. Financial products are also intangible, and this contributes to the reason for having the highest inventory turnover.
What is the formula for the receivables turnover ratio quizlet?
What is the formula for the receivables turnover ratio? Net credit sales divided by average accounts receivable (net).
What does the accounts receivable turnover ratio measure quizlet?
The accounts receivable turnover ratio measures the number of times the average balance of accounts receivable is collected during the period.
How do you calculate accounts receivable turnover and average collection period?
One formula for calculating the average collection period is: 365 days in a year divided by the accounts receivable turnover ratio. An alternate formula for calculating the average collection period is: the average accounts receivable balance divided by the average credit sales per day.
What is NIKE’s current ratio?
2.6x
NIKE’s latest twelve months current ratio is 2.6x. NIKE’s current ratio for fiscal years ending May 2018 to 2022 averaged 2.5x. NIKE’s operated at median current ratio of 2.5x from fiscal years ending May 2018 to 2022. Looking back at the last five years, NIKE’s current ratio peaked in May 2021 at 2.7x.
What is NIKE’s quick ratio?
Nike has a quick ratio of 1.84. It generally indicates good short-term financial strength.
Does NIKE have a lot of debt?
NIKE long term debt from 2010 to 2022. Long term debt can be defined as the sum of all long term debt fields.
Compare NKE With Other Stocks.
| NIKE Annual Long Term Debt (Millions of US $) | |
|---|---|
| 2020 | $9,406 |
| 2019 | $3,464 |
| 2018 | $3,468 |
| 2017 | $3,471 |
Who has better customer service Nike or Adidas?
With an American customer satisfaction index score of 79 for its athletic shoes, Adidas outranked Nike in 2021. That year, Adidas had a score of just one point higher than Nike, while the roles were in fact reversed in 2020.
What makes Nike different from other brands?
Nike is the best sports company because they have great technology and equipment to boost performance. In basketball shoes, Nike provides cushion and lightweight materials to accommodate the sport. Also, Nike attracts customers by placing athletes in their commercials.