Nike Inc (NKE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 2,539,000 | 4,318,000 | 4,572,000 | 4,304,000 |
| 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 |
| ROA | 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% | 8.10% | 16.47% | 17.19% | 16.40% |
May 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,700,000K ÷ $38,110,000K
= 14.96%
Nike Inc's return on assets (ROA) has shown some fluctuations over the past few quarters. In the most recent period ending May 31, 2024, the ROA stood at 14.96%, showing a slight increase from the previous quarter's 14.00%. This suggests that the company generated higher profits relative to its total assets in the most recent period.
Looking further back, the ROA has generally maintained an upward trend since the third quarter of 2021, peaking at 16.47% in the third quarter of 2019. This indicates that Nike has been effective in utilizing its assets to generate profits, with occasional fluctuations reflecting changes in business performance and economic conditions.
Overall, Nike's ROA performance indicates that the company has been efficient in generating returns from its assets, but it is important to monitor future trends to assess the sustainability of this performance.
Peer comparison
May 31, 2024