Nike Inc (NKE)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,219,000 | 4,508,000 | 4,886,000 | 5,301,000 | 5,700,000 | 5,231,000 | 5,299,000 | 5,052,000 | 5,070,000 | 5,478,000 | 5,634,000 | 5,640,000 | 6,046,000 | 6,116,000 | 6,169,000 | 6,083,000 | 5,727,000 | 3,428,000 | 2,826,000 | 2,690,000 |
| 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 |
| ROA | 8.80% | 11.93% | 12.87% | 14.00% | 14.96% | 14.00% | 14.24% | 13.73% | 13.51% | 14.31% | 14.21% | 13.73% | 14.99% | 15.85% | 15.85% | 16.04% | 15.17% | 9.47% | 8.11% | 8.09% |
May 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,219,000K ÷ $36,579,000K
= 8.80%
The analysis of Nike Inc.'s return on assets (ROA) over the period from August 2020 to May 2025 reveals notable fluctuations and trends. Initially, ROA experienced a slight increase from 8.09% in August 2020 to 8.11% in November 2020. This modest growth was followed by a significant upward movement starting in February 2021, reaching 9.47%, and then substantially improving to 15.17% by May 2021. The subsequent quarters saw ROA maintaining a high level, with values of 16.04% in August 2021, 15.85% in November 2021, and maintaining that level through February 2022, indicating strengthened asset efficiency during this period.
From mid-2022, a gradual decline in ROA is observed. It decreased to 14.99% in May 2022, further dropping to 13.73% by August 2022, and then displaying minor fluctuations thereafter (14.21% in November 2022, 14.31% in February 2023). The metric continued to trend downward slightly through 2023, reaching 13.51% in May 2023 and slightly rebounding to 13.73% by August 2023, and maintaining a similar level at November 2023 with 14.24%.
Entering 2024, ROA shows a downward trajectory, with a value of 14.00% in February and peaking again at 14.96% in May 2024 before declining back to 14.00% by August 2024. The decline persisted into late 2024, with ROA reaching a low of 12.87% in November 2024, and then further decreasing to 11.93% in February 2025. The most recent data point in May 2025 indicates a further decline to 8.80%.
Overall, Nike's ROA exhibited robust growth during the initial period of 2021, reflecting improved asset utilization and operational efficiency during that phase. However, the subsequent trend demonstrates a gradual decrease, particularly in late 2024 and early 2025, suggesting potential challenges in maintaining previous levels of profitability relative to assets. The declining ROA in the latter part of the period warrants attention for potential factors affecting asset productivity or overall financial performance.
Peer comparison
May 31, 2025