Analysis. 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.
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What is Nike’s receivables turnover ratio?
Assets
| Fiscal year is June-May. All values USD Millions. | 2022 | 2019 |
|---|---|---|
| Accounts Receivable Growth | 4.57% | 22.13% |
| Accounts Receivable Turnover | 10.01 | 9.16 |
| Inventories | 8,420 | 5,622 |
| Finished Goods | – | 5,622 |
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 Target’s turnover ratio?
Target’s latest twelve months inventory turnover is 6.0x. Target’s inventory turnover for fiscal years ending February 2018 to 2022 averaged 6.1x. Target’s operated at median inventory turnover of 6.0x from fiscal years ending February 2018 to 2022.
What is Nike’s average collection period?
In the case of Nike, it takes them 36 days on average to collect their receivables.
How much cash does NIKE have on hand?
NIKE cash on hand for 2022 was $12.997B, a 3.55% decline from 2021. NIKE cash on hand for 2021 was $13.476B, a 53.36% increase from 2020. NIKE cash on hand for 2020 was $8.787B, a 88.44% increase from 2019.
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 liquidity?
Current and historical current ratio for NIKE (NKE) from 2010 to 2022. Current ratio can be defined as a liquidity ratio that measures a company’s ability to pay short-term obligations. NIKE current ratio for the three months ending May 31, 2022 was 2.63.
Is Nikes current ratio good?
Nike has a current ratio of 2.63. It generally indicates good short-term financial strength.
Does NIKE have good liquidity?
With a market valuation of US$123.0b, NKE is a safe haven in times of market uncertainty due to its strong balance sheet. In times of low liquidity in the market, these firms won’t be left high and dry. They are also relatively unaffected by increases in interest rates.
What is Amazon’s inventory turnover ratio?
Amazon Inventory Turnover Management
Amazon’s inventory turnover for the entire year of 2019 was 10.92. The average is around 3 per quarter, though, which is a more accurate estimate of how their inventory operations day-to-day run.
What is Walmart’s inventory turnover?
Walmart’s latest twelve months inventory turnover is 8.0x. Walmart’s inventory turnover for fiscal years ending January 2018 to 2022 averaged 8.8x. Walmart’s operated at median inventory turnover of 8.8x from fiscal years ending January 2018 to 2022.
What is Costco’s inventory turnover?
Due to inventory build up, Costco Wholesale’s inventory turnover ratio sequentially decreased to 11.68 in the third quarter 2022 and remained above company average.
What is NIKE’s gross profit margin?
NIKE’s latest twelve months gross profit margin is 46.0%. NIKE’s gross profit margin for fiscal years ending May 2018 to 2022 averaged 44.6%. NIKE’s operated at median gross profit margin of 44.7% from fiscal years ending May 2018 to 2022.
How do you calculate inventory turnover ratio?
- The inventory turnover ratio can be calculated by dividing the cost of goods sold by the average inventory for a particular period.
- Inventory Turnover = Cost Of Goods Sold / ((Beginning Inventory + Ending Inventory) / 2)
- A low ratio could be an indication either of poor sales or overstocked inventory.
What is NIKE’s working capital?
NIKE’s net working capital hit its five-year low in May 2021 of $3.61 billion. NIKE’s net working capital decreased in 2018 ($4.191 billion, -11.6%), 2019 ($4.043 billion, -3.5%) and 2021 ($3.61 billion, -13.7%) and increased in 2020 ($4.181 billion, +3.4%) and 2022 ($5.416 billion, +50.0%).
Does NIKE have any debt?
NIKE’s total debt decreased in 2019 ($3.853 billion, -0.8%), 2021 ($12.813 billion, -1.6%) and 2022 ($12.627 billion, -1.5%) and increased in 2018 ($3.885 billion, +2.2%) and 2020 ($13.015 billion, +237.8%).
Is NIKE too much debt?
Despite its noteworthy liabilities, NIKE boasts net cash, so it’s fair to say it does not have a heavy debt load!
Who is NIKE’s competition?
Nike competitors include adidas, New Balance, Skechers U.S.A., Steve Madden and ASICS America.
What are NIKE’s long term assets?
NIKE total long-term assets for 2022 were $12.108B, a 5.76% increase from 2021. NIKE total long-term assets for 2021 were $11.449B, a 6.15% increase from 2020. NIKE total long-term assets for 2020 were $10.786B, a 49.97% increase from 2019.
Is NIKE highly leveraged?
NIKE’s financial leverage last quarter was 2.6x. NIKE’s financial leverage for fiscal years ending May 2018 to 2022 averaged 2.9x. NIKE’s operated at median financial leverage of 2.6x from fiscal years ending May 2018 to 2022. Looking back at the last five years, NIKE’s financial leverage peaked in May 2020 at 3.9x.