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GuruFocus has detected 1 Warning Sign with Nike Inc $NKE.
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Nike Inc (NYSE:NKE)
Days Sales Outstanding
38.80 (As of Nov. 2016)

Nike Inc's account receivable for the three months ended in Nov. 2016 was $3,478 Mil. Nike Inc's revenue for the three months ended in Nov. 2016 was $8,180 Mil. Hence, Nike Inc's days sales outstanding for the three months ended in Nov. 2016 was 38.80.

NKE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.54   Max: 56.94
Current: 40.38

36.54
56.94

During the past 13 years, Nike Inc's highest Days Sales Outstanding was 56.94. The lowest was 36.54. And the median was 49.94.

NKE's Days Sales Outstanding is ranked higher than
64% of the 507 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 48.17 vs. NKE: 40.38 )

Nike Inc's days sales outstanding declined from Nov. 2015 (40.80) to Nov. 2016 (38.80).


Definition

Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

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

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=3241/32376*365
=36.54

Nike Inc's Days Sales Outstanding for the quarter that ended in Nov. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=3478/8180*365 / 4
=38.80

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


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, Revenue


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

May07May08May09May10May11May12May13May14May15May16
DaysSalesOutstanding 55.7754.7754.8950.8756.9449.0044.9545.0940.0536.54

Nike Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysSalesOutstanding 42.7440.2939.3935.6640.8038.2635.8735.5138.8040.60
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