Nike Inc (NKE)
Number of days of payables
| May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.83 | 11.92 | 13.26 | 15.25 | 13.15 | |
| Number of days of payables | days | 23.06 | 30.61 | 27.53 | 23.93 | 27.76 |
May 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.83
= 23.06
The number of days of payables for Nike, Inc. indicates the average number of days it takes for the company to pay its suppliers and vendors. A lower number of days of payables generally suggests that the company is paying its suppliers more quickly, while a higher number indicates that the company takes longer to settle its payables.
Looking at the trend over the past five years, we can observe a fluctuation in the number of days of payables:
- In 2023, the number of days of payables decreased to 36.12 days from 48.58 days in 2022. This suggests that Nike, Inc. was able to pay its suppliers more quickly in 2023 compared to the previous year.
- In 2022, there was an increase in the number of days of payables to 48.58 days from 42.12 days in 2021. This indicates that the company took longer to settle its payables in 2022 compared to 2021.
- In 2021, there was a slight decrease in the number of days of payables to 42.12 days from 38.77 days in 2020, indicating that Nike, Inc. improved its payment timeline in 2021 compared to 2020.
- In 2020, the number of days of payables increased to 38.77 days from 44.05 days in 2019, suggesting that the company took longer to pay its suppliers in 2020 compared to 2019.
- In 2019, there was an increase in the number of days of payables to 44.05 days from an undisclosed previous figure, indicating that the company took longer to settle its payables in 2019 compared to the undisclosed previous period.
Overall, the trend for Nike, Inc.'s number of days of payables has shown some variability over the past five years, with fluctuations in the speed at which the company is paying its suppliers. This analysis can provide insights into the company's liquidity management and relationships with its suppliers.
Peer comparison
May 31, 2023