Nike Inc (NKE)
Number of days of payables
| 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 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 9.41 | |
| Number of days of payables | days | 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 | 38.77 |
February 28, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.65
= 42.20
The analysis of Nike Inc.'s number of days of payables over the specified periods reveals fluctuations that reflect the company's evolving approach to managing its accounts payable obligations.
In the fiscal periods from May 31, 2020, to November 30, 2020, the days of payables ranged between approximately 36 and 39 days, indicating a relatively stable payables cycle during that interval. The subsequent period ending May 31, 2021, saw an increase to approximately 42 days, suggesting a lengthening of the time Nike takes to settle its payables.
Between August 31, 2021, and May 31, 2022, there was notable variation, with days of payables decreasing to about 30.83 days in August 2021 and then increasing substantially to nearly 49 days by May 2022. This upward trend indicates an extension of the payable period, possibly reflecting strategic credit management, supplier negotiations, or cash flow considerations.
The latter part of the data shows some stabilization, with the days of payables hovering around the mid-thirties in the most recent periods (e.g., around 34 to 36 days towards 2023 and early 2024). However, there is a significant increase noted in August 2024 at 44.41 days and again in November 2024 at 43.78 days, which could suggest a deliberate extension of payment terms or changes in supplier credit policies.
Overall, Nike's days of payables display a pattern of fluctuations, with periods of both extension and contraction. The most recent figures indicate a tendency toward longer payable cycles, potentially aligning with broader strategies to optimize working capital or manage supplier relationships. The variations observed over the analyzed intervals highlight the company's adaptive approach to its accounts payable management within different financial and operational contexts.
Peer comparison
Feb 28, 2025