Nike Inc (NKE)
Return on assets (ROA)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,700,000 | 5,070,000 | 6,046,000 | 5,727,000 | 2,539,000 |
| Total assets | US$ in thousands | 38,110,000 | 37,531,000 | 40,321,000 | 37,740,000 | 31,342,000 |
| ROA | 14.96% | 13.51% | 14.99% | 15.17% | 8.10% |
May 31, 2024 calculation
ROA = Net income ÷ Total assets
= $5,700,000K ÷ $38,110,000K
= 14.96%
Nike Inc's return on assets (ROA) has been relatively stable over the past five years, ranging from a low of 8.10% in May 31, 2020, to a high of 15.17% in May 31, 2021. The ROA for the most recent year, ending May 31, 2024, was 14.96%, showing a slight increase from the previous year.
Overall, Nike Inc's ROA indicates that it has been effectively utilizing its assets to generate profit. ROA measures the company's ability to generate earnings relative to its total assets, and Nike Inc's consistent ROA levels suggest that it has been efficient in managing and deploying its assets to generate profit. This can be an indicator of strong operational efficiency and effective financial management within the company.
Peer comparison
May 31, 2024