Nike Inc (NKE)
Number of days of payables
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.62 | 8.65 | 8.34 | 8.22 | 9.99 | 12.28 | 10.66 | 10.62 | 10.11 | 10.63 | 9.68 | 7.64 | 7.51 | 9.09 | 8.95 | 11.84 | 8.67 | 9.68 | 10.14 | 10.70 | |
| Number of days of payables | days | 47.88 | 42.20 | 43.78 | 44.41 | 36.54 | 29.73 | 34.23 | 34.38 | 36.12 | 34.35 | 37.69 | 47.78 | 48.58 | 40.14 | 40.77 | 30.83 | 42.12 | 37.71 | 36.00 | 34.10 |
May 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.62
= 47.88
The analysis of Nike Inc.'s number of days of payables over the specified periods reveals a pattern characterized by fluctuations within a general range, with notable variations observed across the timeline. Initially, at the end of August 2020, the days payable stood at approximately 34.10 days, and this figure increased gradually, reaching a peak of around 48.58 days by May 2022. This indicates a trend towards extending payment terms to suppliers over this period, suggesting a possible strategic management of cash flows or supplier payment negotiations.
Following this peak in mid-2022, the days payable exhibited a decline, falling to approximately 34.35 days by the end of February 2023, which aligns with the initial levels recorded in late 2020. The subsequent periods show minor fluctuations, with days payable generally maintaining within the 34 to 38-day range up to May 2023.
From mid-2023 onwards, there is a discernible upward trend, with days payable increasing to approximately 44.41 days by August 2024, and further rising to nearly 47.88 days by May 2025. The increase suggests a potential deliberate extension of payment periods, possibly aimed at optimizing working capital or responding to changing supplier relationships or economic conditions.
Overall, the data demonstrates that Nike Inc.'s accounts payable turnover time has experienced cyclical increases and decreases, but the recent trend indicates a tendency toward longer payment durations in the most recent periods, reflecting strategic or operational decisions impacting liquidity and supplier payment management.
Peer comparison
May 31, 2025