Nike Inc (NKE)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,465,000 | 5,583,000 | 6,062,000 | 5,824,000 | 5,915,000 | 6,162,000 | 6,379,000 | 6,246,000 | 6,675,000 | 7,120,000 | 7,169,000 | 7,295,000 | 6,937,000 | 4,186,000 | 3,698,000 | 3,338,000 | 3,115,000 | 5,180,000 | 5,238,000 | 4,981,000 |
| Total assets | US$ in thousands | 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 | 31,342,000 | 26,220,000 | 26,602,000 | 26,249,000 |
| Operating ROA | 14.34% | 14.95% | 16.29% | 15.83% | 15.76% | 16.09% | 16.09% | 15.20% | 16.55% | 18.46% | 18.42% | 19.24% | 18.38% | 11.57% | 10.62% | 10.04% | 9.94% | 19.76% | 19.69% | 18.98% |
May 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,465,000K ÷ $38,110,000K
= 14.34%
Nike Inc's operating return on assets (ROA) has shown a fluctuating trend over the past few periods. The operating ROA was 14.34% as of May 31, 2024, which decreased slightly from the prior period but remained relatively consistent with levels seen in recent quarters. The company's operating ROA ranged from a low of 10.04% in August 31, 2020, to a high of 19.76% in November 30, 2019.
Overall, Nike's operating ROA has generally been healthy, reflecting the company's ability to generate profits from its operational assets. The relatively stable performance indicates efficient management of assets to generate profits, although there have been fluctuations over time. Investors and stakeholders should continue to monitor Nike's operating ROA as an indicator of the company's operational efficiency and profitability.
Peer comparison
May 31, 2024