Nike Inc (NKE)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 51,426,000 | 51,604,000 | 51,565,000 | 51,492,000 | 51,217,000 | 50,639,000 | 49,120,000 | 47,162,000 | 46,696,000 | 46,785,000 | 46,271,000 | 46,157,000 | 44,591,000 | 38,480,000 | 38,227,000 | 37,310,000 | 37,282,000 | 41,210,000 | 40,717,000 | 49,139,000 |
| Receivables | US$ in thousands | 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 | 2,749,000 | 4,473,000 | 4,792,000 | 4,656,000 |
| Receivables turnover | 11.62 | 11.40 | 10.78 | 10.84 | 12.40 | 11.22 | 9.03 | 9.51 | 10.01 | 12.22 | 12.35 | 10.63 | 9.99 | 10.49 | 10.30 | 9.78 | 13.56 | 9.21 | 8.50 | 10.55 |
May 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $51,426,000K ÷ $4,427,000K
= 11.62
Nike Inc's receivables turnover ratio has fluctuated over the past few years, ranging from a low of 8.50 to a high of 13.56. The average receivables turnover for the periods provided is approximately 10.73, indicating that on average, Nike collects its accounts receivable about 10.73 times a year.
A higher receivables turnover ratio generally indicates that the company is efficient in collecting payments from its customers, which is a positive sign of strong working capital management. On the other hand, a lower ratio may suggest potential issues with credit policies or difficulties in collecting payments.
Nike's receivables turnover ratio shows some variability, which may be influenced by seasonal patterns, changes in credit terms, or shifts in customer payment behavior. Monitoring this ratio over time can help assess the effectiveness of Nike's credit and collection practices and its overall financial health.
Peer comparison
May 31, 2024