Nike Inc (NKE)
Fixed asset turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 46,309,000 | 51,362,000 | 51,217,000 | 46,710,000 | 44,538,000 |
| Property, plant and equipment | US$ in thousands | — | — | 8,004,000 | 4,791,000 | 8,017,000 |
| Fixed asset turnover | — | — | 6.40 | 9.75 | 5.56 |
May 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $46,309,000K ÷ $—K
= —
The fixed asset turnover ratio of Nike Inc. demonstrates variability over the period from May 31, 2021, to May 31, 2023. As of May 31, 2021, the ratio stood at 5.56, indicating that for every dollar invested in fixed assets, Nike generated approximately $5.56 in sales. This figure increased significantly to 9.75 by May 31, 2022, reflecting a marked improvement in asset utilization efficiency and possibly greater operational productivity or strategic asset management during that fiscal year.
However, subsequent to this peak, the ratio declined to 6.40 as of May 31, 2023. This reduction suggests a decrease in sales generated per dollar of fixed assets, which could be attributed to several factors, including increased capital expenditure without immediate corresponding sales growth, changes in sales mix, or operational adjustments impacting asset efficiency.
Data beyond May 31, 2023, is unavailable or not provided, and therefore trends beyond this point cannot be analyzed. Overall, the fluctuations in the fixed asset turnover ratio highlight periods of both heightened efficiency and consolidation, reflecting Nike’s asset management performance during the specified timeframe.
Peer comparison
May 31, 2025