Nike Inc (NKE)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 22,887,000 | 22,848,000 | 22,657,000 | 22,397,000 | 22,292,000 | 22,200,000 | 21,896,000 | 21,398,000 | 21,479,000 | 21,631,000 | 21,283,000 | 20,917,000 | 19,962,000 | 16,660,000 | 16,414,000 | 16,111,000 | 16,241,000 | 18,521,000 | 18,387,000 | 17,948,000 |
| 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 |
| Gross profit margin | 44.50% | 44.28% | 43.94% | 43.50% | 43.52% | 43.84% | 44.58% | 45.37% | 46.00% | 46.23% | 46.00% | 45.32% | 44.77% | 43.30% | 42.94% | 43.18% | 43.56% | 44.94% | 45.16% | 36.52% |
May 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $22,887,000K ÷ $51,426,000K
= 44.50%
The gross profit margin of Nike Inc has shown fluctuations over the past twenty periods, ranging from a low of 36.52% on Aug 31, 2019, to a high of 46.23% on May 31, 2022. Despite these variations, the general trend indicates that the company has maintained a relatively strong gross profit margin, staying above 40% for the majority of the periods analyzed. This suggests that Nike has been effectively managing its production costs and pricing strategies to generate consistent profits from its core business operations. The slight decrease in the gross profit margin observed in recent periods may be worth monitoring to assess any potential impacts on the company's overall profitability and competitiveness in the market.
Peer comparison
May 31, 2024