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.
In this post
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.
What are some of Nikes assets?
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.
Compare NKE With Other Stocks.
| NIKE Annual Total Assets (Millions of US $) | |
|---|---|
| 2021 | $37,740 |
| 2020 | $31,342 |
| 2019 | $23,717 |
| 2018 | $22,536 |
What are intangible assets of a brand?
An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.
Which is an example of an intangible asset?
Examples of intangible assets include computer software, licences, trademarks, patents, films, copyrights and import quotas.
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).
What is NIKE’s largest liability?
NIKE total liabilities for 2021 were $24.973B, a 7.24% increase from 2020. NIKE total liabilities for 2020 were $23.287B, a 58.66% increase from 2019.
Compare NKE With Other Stocks.
| NIKE Annual Total Liabilities (Millions of US $) | |
|---|---|
| 2022 | $25,040 |
| 2021 | $24,973 |
| 2020 | $23,287 |
| 2019 | $14,677 |
What are NIKE 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 method of depreciation does NIKE use?
Nike uses FIFO. Nike reports property, plant, and equipment on its balance sheet and discloses the amount of depreciation for each year in its statement of cash flows.
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.
Is a company logo an intangible asset?
Logos are intangible assets of a company. Intangible assets provide value to a company because they are part of the brand that consumers associate with the company’s products and services.
Is brand value an intangible asset?
Brand equity is considered to be an intangible asset because the value of a brand is not a physical asset and is ultimately determined by consumers’ perceptions of the brand. A brand’s equity contributes to the overall valuation of the company’s assets as a whole.
What is the most common intangible asset?
Table of contents
- Most Common Intangible Assets List. #1 – Goodwill. Example. #2 – Brand Equity. Example. #3 – Intellectual Property. Example. #4 – Licensing and Rights. Example. #5 – Customer Lists. #6 – Research & Development.
- Conclusion.
- Recommended Articles.
How many intangible assets are there?
Intangible asset is an non-physical non-monetary asset which is held for use in the production or supply of goods and services, or for rentals to others, etc. AS 26 should be applied by all enterprises in accounting of intangible assets, except: 1.
Is advertising an intangible asset?
Advertising can also create and enhance brand image—an intangible asset that retains value over a multiyear period. That type of advertising expense is more similar to an investment.
What makes Nike valuable?
Among these strategies, athlete endorsements could be considered as the most significant success of Nike brand. Perceived quality: In addition, one of the most important sources of Nike brand equity is the high perceived quality of the brand not only among athletes but also between the public.
What does Nike stand for?
the Greek goddess of victory
Definition of Nike
: the Greek goddess of victory.
What are the weaknesses of Nike?
Nike’s Weaknesses – Internal Strategic Factors
- Poor Labor Conditions in Foreign Countries – In the last 20 years, Nike has been consistently targeted regarding their poor labor conditions.
- Retailers Have a Stronger Hold – Nike’s retail sector makes Nike weak due to its sensitivity against pricing.
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.