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GuruFocus has detected 1 Warning Sign with Nike Inc $NKE.
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Nike Inc (NYSE:NKE)
Days Payable
37.77 (As of Feb. 2017)

Nike Inc's payable for the three months ended in Feb. 2017 was $1,938 Mil. Nike Inc's cost of goods sold for the three months ended in Feb. 2017 was $4,682 Mil. Hence, Nike Inc's days payable for the three months ended in Feb. 2017 was 37.77.

NKE' s Days Payable Range Over the Past 10 Years
Min: 35.63   Max: 49.12
Current: 37.94

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 45.37.

NKE's Days Payable is ranked lower than
67% of the 531 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 54.04 vs. NKE: 37.94 )

Nike Inc's days payable increased from Feb. 2016 (36.01) to Feb. 2017 (37.77). It may suggest that Nike Inc delayed 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 Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1938/4682*365 / 4
=37.77

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


Related Terms

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
DaysPayable 41.4345.9035.6344.8549.1242.8942.6645.8847.0445.95

Nike Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 46.6941.1946.4539.9241.7536.0144.8538.5840.6537.77
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