Switch to:
Nike Inc (NYSE:NKE)
Change In Inventory
$-111 Mil (As of Aug. 2014)

Nike Inc's change in inventory for the quarter that ended in Aug. 2014 was $-111 Mil. It means Nike Inc's inventory declined by $111 Mil from May. 2014 to Aug. 2014 .

Nike Inc's change in inventory for the fiscal year that ended in May. 2014 was $-505 Mil. It means Nike Inc's inventory declined by $505 Mil from May. 2013 to May. 2014 .

Nike Inc's inventory for the quarter that ended in Aug. 2014 was $4,030 Mil. Nike Inc's average inventory for the quarter that ended in Aug. 2014 was $3,989 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. Nike Inc's days inventory for the quarter that ended in Aug. 2014 was 85.41.

Inventory can be measured by Days Sales of Inventory (DSI). Nike Inc's days sales of inventory (DSI) for the quarter that ended in Aug. 2014 was 45.60.

Inventory turnover measures how fast the company turns over its inventory within a year. Nike Inc's inventory turnover for the quarter that ended in Aug. 2014 was 1.07.

Inventory to revenue ratio determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Nike Inc's inventory to revenue ratio for the quarter that ended in Aug. 2014 was 0.50.


Definition

Change In Inventory is the difference between last period’s ending inventory and the current period’s ending inventory.


Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Nike Inc's Days Inventory for the quarter that ended in Aug. 2014 is calculated as:

Days Inventory
=( (Inventory (Q: May. 2014 )+Inventory (Q: Aug. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (3947+4030)/ 2 )/4261*365 / 4
=3988.5/4261*365 / 4
=85.41

2. Inventory can be measured by Days Sales of Inventory (DSI).

Nike Inc's Days Sales of Inventory for the quarter that ended in Aug. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=3988.5/7982*365 / 4
=45.60

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Nike Inc's Inventory Turnover for the quarter that ended in Aug. 2014 is calculated as

4. Inventory to Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Nike Inc's Inventory to Revenue for the quarter that ended in Aug. 2014 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Inventory, Days Inventory, Cost of Goods Sold, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Nike Inc Annual Data

May05May06May07May08May09May10May11May12May13May14
ChangeInInventory -103-200-50-25032285-551-805-219-505

Nike Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ChangeInInventory -114-17-24-64-114-61-219-63-162-111
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK