Nike Inc (NKE)
Number of days of payables
| 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 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 16.10 | 19.66 | 16.79 | 16.67 | 15.83 | 16.62 | 15.21 | 12.13 | 11.92 | 14.33 | 14.00 | 18.22 | 13.26 | 15.21 | 16.04 | 17.15 | 15.25 | 16.25 | 13.53 | 12.83 | |
| Number of days of payables | days | 22.67 | 18.57 | 21.74 | 21.89 | 23.06 | 21.96 | 24.00 | 30.08 | 30.61 | 25.47 | 26.07 | 20.03 | 27.53 | 24.00 | 22.75 | 21.29 | 23.93 | 22.46 | 26.98 | 28.45 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.10
= 22.67
The number of days of payables for Nike Inc has exhibited some fluctuation over the past several periods. The average number of days of payables appears to be around 23 days, with some variability around this average. In general, a lower number of days of payables indicates that the company is taking longer to pay its suppliers, which could potentially strain relationships with suppliers. Conversely, a higher number of days of payables suggests that the company is taking a longer time to pay its suppliers, potentially benefiting from better cash flow management.
Analyzing the trend over time, we see that there has been some variability in the number of days of payables, with some periods showing a decrease and others showing an increase. It is essential to assess the reasons behind these fluctuations, such as changes in supplier terms or payment policies, to understand the impact on Nike Inc's financial health and operational efficiency. Additionally, comparing the number of days of payables with industry benchmarks or competitors can provide further insights into Nike Inc's financial performance and position within the market.
Peer comparison
May 31, 2024