NIKE goodwill and intangible assets for 2022 were $0.57B, a 11.55% increase from 2021. NIKE goodwill and intangible assets for 2021 were $0.511B, a 2.82% increase from 2020. NIKE goodwill and intangible assets for 2020 were $0.497B, a 13.73% increase from 2019.
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What are NIKE’s tangible assets?
Nike’s average total tangible assets for the quarter that ended in May. 2022 was $38,877 Mil. Therefore, Nike’s annualized Return-on-Tangible-Asset for the quarter that ended in May.
Is the NIKE swoosh an intangible asset?
Intangible assets are similar to tangible ones; the primary difference is nomenclature. For example, owning the trademark (and using it properly) means that Nike can legally prevent competitors from using its marks, just as an owner of real estate can prevent a squatter from moving into its domain.
What assets do NIKE have?
NIKE total assets for the quarter ending May 31, 2022 were $40.321B, a 6.84% increase year-over-year. NIKE total assets for 2022 were $40.321B, a 6.84% increase from 2021. NIKE total assets for 2021 were $37.74B, a 20.41% increase from 2020. NIKE total assets for 2020 were $31.342B, a 32.15% increase from 2019.
Are brands an intangible asset?
Key Takeaways. An intangible asset is an asset that is not physical in nature, such as a patent, brand, trademark, or copyright. Businesses can create or acquire intangible assets. An intangible asset can be considered indefinite (a brand name, for example) or definite, like a legal agreement or contract.
What is NIKE’s most valuable asset?
brand
Nike’s most valuable asset is undoubtedly its brand. According to the latest report from Brand Finance, a leading valuation and strategy consultancy firm, the current value of Nike’s brand is estimated to be approximately $32 Billion.
Does NIKE have goodwill?
NIKE’s goodwill hit its five-year low in May 2018 of $154 million. NIKE’s goodwill increased in 2018 ($154 million, +10.8%), 2020 ($223 million, +44.8%), 2021 ($242 million, +8.5%) and 2022 ($284 million, +17.4%) and was flat in 2019 ($154 million).
Does NIKE include the full value of its brand name as an intangible asset on its balance sheet?
U.S. GAAP require firms to expense in the year incurred any expenditures (i.e. advertising, promotion, and quality control) to develop intangibles (i.e. patents, trademarks, and goodwill). Thus, expenditures made to develop the Nike name or its trademarks will not appear on the balance sheet as assets.
What is NIKE’s largest current liabilities?
NIKE total current liabilities for 2022 were $10.73B, a 10.92% increase from 2021. NIKE total current liabilities for 2021 were $9.674B, a 16.78% increase from 2020. NIKE total current liabilities for 2020 were $8.284B, a 5.31% increase from 2019.
What is NIKE’s trademark worth?
Brand Finance’s annual review revealed that the Swoosh’s brand value jumped 9% to $33.2 billion but still isn’t at the level it was two years ago. Last year, Nike’s brand value dropped 13% from 2020 to $30.4 billion but still managed to hold the top spot.
Does NIKE have more debt or equity?
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.
Does NIKE have debt?
Nike reported $9.43B in Debt for its first fiscal quarter of 2022.
What is NIKE’s brand equity?
Nike has retained the title of the world’s most apparel brand for the 7th consecutive year, despite recording a 13% brand value drop to US$30.4 billion. The brand still maintains a considerable lead over second-ranked Gucci, with a brand value of US$15.6 billion, down 12% from 2020.
Why is a brand an intangible asset?
Intangible assets are not physical but have real value to the organization. An organization’s brand is an intangible asset, as well as the brands of any products they own. Other intangible assets include goodwill, accounts receivable, prepaid services, people, patents, trademarks, designs, and trade secrets.
What are intangible assets examples?
Examples of intangible assets include computer software, licences, trademarks, patents, films, copyrights and import quotas. Goodwill acquired in a business combination is accounted for in accordance with IFRS 3 and is outside the scope of IAS 38.
What are a company’s intangible assets?
Intangible assets are the resources a business owns that cannot be moved, like equipment, or handled, like physical property. These intangible assets include goodwill, patents, trademarks, copyrights and more. They hold a lot of value for your business, even though they aren’t physical items you can touch.
How is Nike brand an asset?
Nike has successfully created a strong brand by fulfilling the pillars of brand equity, which include: brand loyalty, brand awareness, brand associations and perceived quality. Strategic marketing messages, combined with quality products have allowed for Nike to excel in each dimension of brand equity.
What makes Nike valuable?
Core associations for Nike include: innovative technology, high quality/stylish products, joy and celebration of sports, maximum performance, self-empowerment and inspiring, locally and regionally involved, and globally responsible.
Who owns Nike now?
Phil Knight
4 The co-founder of Nike, Phil Knight, and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. 5 This allows the Knight family to exercise effective control of Nike even though it is a publicly traded business.
Where does NIKE’s cash come from?
Most of Nike’s sales are generated by selling footwear to wholesale customers in North America.
Who is NIKE’s auditor?
Charles D.
Denson, 56, has been employed by NIKE since 1979.