Nike Inc (NKE)

The data indicates that Nike Inc’s days of inventory on hand (DOH) has experienced notable fluctuations over the reported periods from May 2020 through February 2025. In May 2020, the DOH was recorded at approximately 127.07 days, reflecting a higher inventory level relative to sales cycles during the early months of the COVID-19 pandemic. This figure declined steadily through the subsequent quarters, reaching a low of 94.90 days in November 2021, which suggests improved inventory management and potentially increased sales velocity.

Beginning in May 2022, the DOH increased again to approximately 121.81 days, with a subsequent peak at 136.95 days in August 2022. This upward trend may indicate inventory buildup or slower turnover during that period. However, the line then shows a decreasing trend, with DOH reducing to around 114.34 days by February 2023, and further decreasing to about 96.38 days in May 2024.

From May 2024 onward, the DOH has shown some variability but remained somewhat elevated, with figures like 109.19 days in August 2024 and 107.35 days in November 2024. As of February 2025, the DOH was approximately 102.44 days. Overall, the trend reflects periods of inventory accumulation followed by gradual normalization, possibly driven by strategic adjustments in inventory levels in response to market conditions and demand fluctuations.

This pattern suggests Nike's efforts to optimize inventory management, aligning inventory levels more closely with sales trends, and managing market disruptions and seasonal demand cycles. The general decline from the peak in August 2022 indicates a move toward more efficient inventory turnover, while the recent stabilization around 100 days signals a balanced approach to inventory holding relative to sales performance.

Peer comparison

Feb 28, 2025