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Nike Inc (NYSE:NKE)
Days Payable
44.85 (As of May. 2016)

Nike Inc's payable for the three months ended in May. 2016 was $2,191 Mil. Nike Inc's cost of goods sold for the three months ended in May. 2016 was $4,458 Mil. Hence, Nike Inc's days payable for the three months ended in May. 2016 was 44.85.

NKE' s Days Payable Range Over the Past 10 Years
Min: 35.63   Max: 49.12
Current: 45.95

35.63
49.12

During the past 13 years, Nike Inc's highest Days Payable was 49.12. The lowest was 35.63. And the median was 45.36.

NKE's Days Payable is ranked lower than
57% of the 523 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 52.02 vs. NKE: 45.95 )

Nike Inc's days payable declined from May. 2015 (46.45) to May. 2016 (44.85). It may suggest that Nike Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Nike Inc's Days Payable for the fiscal year that ended in May. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2191/17405*365
=45.95

Nike Inc's Days Payable for the quarter that ended in May. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2191/4458*365 / 4
=44.85

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


Related Terms

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

May07May08May09May10May11May12May13May14May15May16
DaysPayable 41.4345.9035.6344.8349.1242.8942.6645.8847.0445.95

Nike Inc Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
DaysPayable 34.9143.5942.1946.6941.1946.4539.9241.7536.0144.85
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