Nike Inc (NKE)
Total asset 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 |
| Total assets | US$ in thousands | 36,579,000 | 37,793,000 | 37,959,000 | 37,867,000 | 38,110,000 | 37,356,000 | 37,203,000 | 36,786,000 | 37,531,000 | 38,294,000 | 39,647,000 | 41,088,000 | 40,321,000 | 38,577,000 | 38,917,000 | 37,917,000 | 37,740,000 | 36,185,000 | 34,836,000 | 33,258,000 |
| Total asset turnover | 1.27 | 1.27 | 1.29 | 1.32 | 1.35 | 1.38 | 1.39 | 1.40 | 1.36 | 1.32 | 1.24 | 1.15 | 1.16 | 1.21 | 1.19 | 1.22 | 1.18 | 1.06 | 1.10 | 1.12 |
May 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $46,309,000K ÷ $36,579,000K
= 1.27
The analysis of Nike Inc.'s total asset turnover over the specified periods reveals a generally positive trend indicating increasing efficiency in utilizing assets to generate sales revenue. Starting from a value of 1.12 on August 31, 2020, the figure experienced a modest decline to a low of 1.06 by February 28, 2021, likely reflecting temporary disruptions or adjustments during that period. Subsequently, the ratio demonstrated a steady upward movement, reaching 1.18 by May 31, 2021, and continuing to improve through subsequent periods, with notable peaks such as 1.40 on August 31, 2023.
This upward trend suggests that Nike has increasingly optimized their use of assets, possibly through operational efficiencies, inventory management corrections, or successful product launches. The ratio stabilized around 1.27 to 1.35 from late 2024 into early 2025, indicating a maintained level of asset utilization efficiency.
Overall, the progression of the total asset turnover ratio depicts a trajectory of enhanced asset management and operational effectiveness. This continuous improvement reflects positively on Nike’s ability to generate higher sales with a relatively consistent or slightly increasing asset base, aligning with expectations of a well-managed core business operation.
Peer comparison
May 31, 2025