Nike Inc (NKE)

The data indicates that Nike Inc.'s Days Sales Outstanding (DSO) has exhibited fluctuation over the analyzed periods from August 2020 through May 2025. Initially, the DSO was approximately 37.28 days as of August 31, 2020, and showed a trend of gradual decrease over the subsequent quarters, reaching a low of approximately 29.53 days by November 30, 2021. This decline suggests an improvement in the company's collection efficiency and possibly tighter credit management during that period.

However, the DSO experienced variability afterward, rising again to around 38.40 days by August 2022, which could indicate a slowdown in collections or changes in credit terms. This upward trend continued into late 2022, with the DSO peaking at approximately 40.41 days on November 30, 2022. Subsequently, the metric decreased to approximately 32.54 days by February 2023, reflecting a reversal of the previous trend and potentially improved receivables collection.

From mid-2023 onwards, the DSO fluctuated within a relatively narrow range, averaging around 30 to 34 days. Notably, there was a slight increase again to approximately 39.51 days as of November 30, 2024, indicating a possible deterioration in receivable collections during that period. As of May 31, 2025, the DSO stood at approximately 37.18 days.

Overall, the DSO trajectory demonstrates periods of both improvement and decline, with notable peaks and troughs. The variations may be attributable to changes in customer payment behaviors, credit policies, or external economic factors influencing the company's receivables management. The observed fluctuations suggest that Nike Inc. has faced challenges maintaining a consistent receivables collection cycle but generally sustains a DSO consistent with industry standards for athletic apparel and footwear companies.

Peer comparison

May 31, 2025