Nike (NKE) Days Payable

: 33.55 (As of Feb. 2024)

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Nike's average Accounts Payable for the three months ended in Feb. 2024 was $2,525 Mil. Nike's Cost of Goods Sold for the three months ended in Feb. 2024 was $6,867 Mil. Hence, Nike's Days Payable for the three months ended in Feb. 2024 was 33.55.

The historical rank and industry rank for Nike's Days Payable or its related term are showing as below:

NKE' s Days Payable Range Over the Past 10 Years
Min: 33.85 Med: 41.58 Max: 45.32
Current: 33.85

During the past 13 years, Nike's highest Days Payable was 45.32. The lowest was 33.85. And the median was 41.58.

NKE's Days Payable is ranked worse than
71.68% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.46 vs NKE: 33.85

Nike's Days Payable declined from Feb. 2023 (35.65) to Feb. 2024 (33.55). It may suggest that Nike accelerated paying its suppliers.

Nike Days Payable Historical Data

The historical data trend for Nike's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nike Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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41.24

41.91

37.75

44.80

39.24

Nike Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															35.65	34.94	35.39	33.51	33.55

Competitive Comparison

For the Footwear & Accessories subindustry, Nike's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nike Days Payable Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nike's Days Payable distribution charts can be found below:

* The bar in red indicates where Nike's Days Payable falls into.

Nike Days Payable Calculation

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

Nike's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (3358	+	2862)	/	2 )	/	28925	*	365
=	3110					/	28925	*	365
=	39.24

Nike's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (2709	+	2340)	/	2 )	/	6867	*	365 / 4
=	2524.5					/	6867	*	365 / 4
=	33.55

Nike Days Payable Related Terms

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Nike (NKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (NYSE:NKE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NKE:Peru NKE:Mexico NKE_KZ:Kazakhstan 1NKE:Italy NKEd:UK 0QZ6:UK NKE0:Germany NKE:Germany NKE:Germany NKE:Germany NKE:Germany NKE:Chile NKE:Canada NIKE34:Brazil NKE:Austria NKE:Argentina

Address

One Bowerman Drive, Beaverton, OR, USA, 97005-6453

Website

https://www.nike.com

Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

Executives

Mark G Parker	officer: President	ONE BOWERMAN DR, BEAVERTON OR 97005
Robert Holmes Swan	director	C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Monique S. Matheson	officer: EVP: HR	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Johanna Nielsen	officer: VP: CORP CONTROLLER	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Matthew Friend	officer: EVP: CFO	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Craig A. Williams	officer: PRES: GEOGRAPHIES & MRKTPLACE	1680 CAPITAL ONE DR., MCLEAN VA 22102
Maria Henry	director	C/O THE HILLSHIRE BRANDS COMPANY, 3500 LACEY ROAD, DOWNERS GROVE IL 60515
Peter B. Henry	director	C/O NEW YORK UNIVERSITY/KAUFMAN MGT CNT, 44 WEST 4TH STREET, SUITE 11-160, NEW YORK CITY NY 10012
Monica Gil	director	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Andrew Campion	officer: EVP: CFO, other: EVP: CFO	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Rogers John W Jr	director	ARIEL CAPITAL MANAGEMENT, INC., 200 EAST RANDOLPH DRIVE, SUITE 2900, CHICAGO IL 60601
Ann M Miller	officer: EVP & General Counsel	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Hilary K Krane	officer: VP General Counsel	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Heidi O'neill	officer: PRES: CONSUMER AND MKTPLC	C/O SKULLCANDY, INC., 1441 WEST UTE BOULEVARD, SUITE 250, PARK CITY UT 84098
Elizabeth J Comstock	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210