Switch to:
GuruFocus has detected 2 Warning Signs with Nike Inc \$NKE.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Nike Inc (NYSE:NKE)
Change In Inventory
\$143 Mil (As of Feb. 2017)

Nike Inc's change in inventory for the quarter that ended in Feb. 2017 was \$143 Mil. It means Nike Inc's inventory declined by \$143 Mil from Nov. 2016 to Feb. 2017 .

Nike Inc's change in inventory for the fiscal year that ended in May. 2016 was \$-590 Mil. It means Nike Inc's inventory increased by \$590 Mil from May. 2015 to May. 2016 .

Nike Inc's inventory for the quarter that ended in Feb. 2017 was \$4,932 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 Feb. 2017 was 97.11.

Inventory can be measured by Days Sales of Inventory (DSI). Nike Inc's days sales of inventory (DSI) for the quarter that ended in Feb. 2017 was 53.92.

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 Feb. 2017 was 0.94.

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 Feb. 2017 was 0.59.

Definition

Change In Inventory is the difference between last periodÂ’s ending inventory and the current periodÂ’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 Feb. 2017 is calculated as:

 Days Inventory = Average Inventory / Cost of Goods Sold * Days in Period = 4982.5 / 4682 * 365 / 4 = 97.11

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

Nike Inc's Days Sales of Inventory for the quarter that ended in Feb. 2017 is calculated as

 Days Sales of Inventory (DSI) = Average Inventory / Revenue * Days in Period = 4982.5 / 8432 * 365 / 4 = 53.92

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 Feb. 2017 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 4682 / 4982.5 = 0.94

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 Feb. 2017 is calculated as

 Inventory to Revenue = Average Inventory / Revenue = 4982.5 / 8432 = 0.59

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Nike Inc Annual Data

 May07 May08 May09 May10 May11 May12 May13 May14 May15 May16 ChangeInInventory -50 -250 32 285 -551 -815 -219 -505 -621 -590

Nike Inc Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 ChangeInInventory -207 -192 -111 -100 -254 -5 -231 -62 -238 143
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)