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Nike Inc (NYSE:NKE)
Total Assets
$21,156 Mil (As of Aug. 2016)

Nike Inc's total assets for the quarter that ended in Aug. 2016 was $21,156 Mil.

During the past 12 months, Nike Inc's average Total Assets Growth Rate was 6.60% per year. During the past 3 years, the average Total Assets Growth Rate was 11.20% per year. During the past 5 years, the average Total Assets Growth Rate was 9.40% per year. During the past 10 years, the average Total Assets Growth Rate was 7.60% per year.

During the past 13 years, Nike Inc's highest 3-Year average Total Assets Growth Rate was 11.50%. The lowest was 1.40%. And the median was 6.10%.

Total Assets is connected with Return on Assets (ROA). Nike Inc's annualized Return on Assets (ROA) for the quarter that ended in Aug. 2016 was 11.74%. Total Assets is also linked to revenue through asset turnover. Nike Inc's asset turnover for the quarter that ended in Aug. 2016 was 0.43.


Definition

Total assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder’s paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=15025+(3520+412+2439)
=21,396

Total Assets=Total Shareholder’s Equity (A: May. 2016 )+Total Liabilities (A: May. 2016 )
=12258+9138
=21,396

Nike Inc's Total Assets for the quarter that ended in Aug. 2016 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=14589+(3572+423+2572)
=21,156

Total Assets=Total Shareholder’s Equity (Q: Aug. 2016 )+Total Liabilities (Q: Aug. 2016 )
=12165+8991
=21,156

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


Explanation

Total Assets is connected with Return on Assets.

Nike Inc's annualized Return on Assets (ROA) for the quarter that ended in Aug. 2016 is

ROA=Net Income (Q: Aug. 2016 )/( (Total Assets (Q: May. 2016 )+Total Assets (Q: Aug. 2016 ))/ 2 )
=2498/( (21396+21156)/ 2 )
=2498/21276
=11.74 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2016) net income data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Nike Inc's Asset Turnover for the quarter that ended in Aug. 2016 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Aug. 2016 )/( (Total Assets (Q: May. 2016 )+Total Assets (Q: Aug. 2016 ))/ 2 )
=9061/( (21396+21156)/ 2 )
=9061/21276
=0.43

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

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.


Related Terms

Return on Assets, Assets Turnover, Net Income, Revenue, Total Current Assets, Net PPE, Intangibles, Other Long-Term Assets, Total Shareholder’s Equity, Total Liability


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
Total Assets 10,68812,44313,25014,41914,99815,46517,54518,59421,59721,396

Nike Inc Semi-Annual Data

May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16
Total Assets 18,59418,52119,16720,54121,59720,76622,58320,98721,39621,156
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