Nike Inc (NKE)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 46,309,000 | 47,818,000 | 48,978,000 | 50,012,000 | 51,362,000 | 51,581,000 | 51,542,000 | 51,469,000 | 51,217,000 | 50,626,000 | 49,107,000 | 47,149,000 | 46,710,000 | 46,820,000 | 46,306,000 | 46,192,000 | 44,538,000 | 38,507,000 | 38,254,000 | 37,337,000 |
| Receivables | US$ in thousands | 4,717,000 | 4,491,000 | 5,302,000 | 4,764,000 | 4,427,000 | 4,526,000 | 4,782,000 | 4,749,000 | 4,131,000 | 4,513,000 | 5,437,000 | 4,960,000 | 4,667,000 | 3,827,000 | 3,746,000 | 4,341,000 | 4,463,000 | 3,669,000 | 3,713,000 | 3,813,000 |
| Receivables turnover | 9.82 | 10.65 | 9.24 | 10.50 | 11.60 | 11.40 | 10.78 | 10.84 | 12.40 | 11.22 | 9.03 | 9.51 | 10.01 | 12.23 | 12.36 | 10.64 | 9.98 | 10.50 | 10.30 | 9.79 |
May 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $46,309,000K ÷ $4,717,000K
= 9.82
The receivables turnover ratios for Nike Inc. over the analyzed period demonstrate fluctuations with notable trends. Starting from August 31, 2020, with a ratio of 9.79, there was a gradual increase through subsequent quarters, reaching a peak of approximately 12.36 on November 30, 2021. This upward trajectory indicates an improvement in the company’s ability to collect its accounts receivable efficiently during this phase.
Between late 2021 and mid-2022, the ratio stabilized at relatively high levels, oscillating slightly around 10.01 to 12.23. This period reflects consistent receivable management, with the ratio remaining above 9.0, signaling a generally favorable collection period relative to sales.
Beginning in late 2022 and into 2023, the receivables turnover experienced some decline, dropping to a low of around 9.03 on November 30, 2022, but subsequently rebounding to over 12.40 on May 31, 2023. The increase during this latter period suggests an improvement in collection efficiency or possibly changes in credit policies.
From mid-2023 onwards, the ratio exhibited slight variability, hovering roughly around 10.50 to 11.40, reflecting a relatively stable receivables collection cycle with minor fluctuations. Notably, towards the end of the period, ratios dipped below 10.0 on a few occasions, such as November 30, 2024, at 9.24, which could indicate periods of slower receivables collection or shifts in credit terms.
Overall, the trend in Nike Inc.’s receivables turnover ratios signifies periods of both improvement and slight decline in collection efficiency, with the ratios generally remaining within a range indicative of effective receivables management. These variations may be influenced by changes in sales volume, credit policies, or economic conditions affecting customer payment behaviors.
Peer comparison
May 31, 2025