Switch to:
Nike Inc  (NYSE:NKE) Change In Receivables: $120 Mil (As of May. 2017)

Nike Inc's change in receivables for the quarter that ended in May. 2017 was $120 Mil. It means Nike Inc's Accounts Receivable increased by $120 Mil from Feb. 2017 to May. 2017 .

Nike Inc's change in receivables for the fiscal year that ended in May. 2017 was $-426 Mil. It means Nike Inc's Accounts Receivable declined by $426 Mil from May. 2016 to May. 2017 .

Nike Inc's Accounts Receivable for the quarter that ended in May. 2017 was $3,677 Mil.

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 Receivable are being managed. Nike Inc's Days Sales Outstanding for the three months ended in May. 2017 was 38.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nike Inc's liquidation value for the three months ended in May. 2017 was $612 Mil.


Historical Data

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

* Premium members only.

Nike Inc Annual Data

May08 May09 May10 May11 May12 May13 May14 May15 May16 May17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 142.00 -298.00 -216.00 60.00 -426.00

Nike Inc Quarterly Data

Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 184.00 -284.00 -34.00 -228.00 120.00

Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.


Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 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 Receivable are being managed.

Nike Inc's Days Sales Outstanding for the quarter that ended in May. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3677/8677*91
=38.67

2. In Ben Graham's calculation of liquidation value, Nike Inc's accounts receivable are only considered to be worth 75% of book value:

Nike Inc's liquidation value for the quarter that ended in May. 2017 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=6179-10852+0.75 * 3677+0.5 * 5055
=612

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


Related Terms


Headlines

From GuruFocus

From the Internet

NKE
Battle Three Giants Crowned Champion

- Seekingalpha 2017-09-23 02:39:50

NKE
Data Shows Skechers Really Well Right Now

- Seekingalpha 2017-09-22 14:32:41

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)

GF Chat

{{numOfNotice}}
FEEDBACK