Nike (BUE:NKE) Gross Profit : ARS6,859,654 Mil (TTM As of Feb. 2024)

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What is Nike Gross Profit?

Nike's gross profit for the three months ended in Feb. 2024 was ARS1,946,700 Mil. Nike's gross profit for the trailing twelve months (TTM) ended in Feb. 2024 was ARS6,859,654 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Nike's gross profit for the three months ended in Feb. 2024 was ARS1,946,700 Mil. Nike's Revenue for the three months ended in Feb. 2024 was ARS4,350,150 Mil. Therefore, Nike's Gross Margin % for the quarter that ended in Feb. 2024 was 44.75%.

Nike had a gross margin of 44.75% for the quarter that ended in Feb. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Nike was 46.24%. The lowest was 43.42%. And the median was 44.72%.

Nike Gross Profit Historical Data

The historical data trend for Nike's Gross Profit 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.

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Nike Gross Profit Chart

Nike Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Gross Profit

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773,067.25

1,081,975.47

1,866,039.77

2,476,743.44

4,957,963.84

Nike Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Profit	Get a 7-Day Free Trial															1,005,880.87	1,244,383.98	1,578,720.00	2,089,849.97	1,946,699.97

Competitive Comparison of Nike's Gross Profit

For the Footwear & Accessories subindustry, Nike's Gross Profit, along with its competitors' market caps and Gross Profit 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's Gross Profit Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Nike's Gross Profit falls into.

Nike Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

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

Gross Profit (A: May. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	11391173.25	-	6433209.408
	=	4,957,964

Nike's Gross Profit for the quarter that ended in Feb. 2024 is calculated as

Gross Profit (Q: Feb. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	4350149.935	-	2403449.964
	=	1,946,700

Gross Profit for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS6,859,654 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Nike's Gross Margin % for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )	=	Gross Profit (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	1,946,700	/	4350149.935
	=	44.75 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Nike (BUE:NKE) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Nike had a gross margin of 44.75% for the quarter that ended in Feb. 2024 => Durable competitive advantage

Nike Gross Profit Related Terms

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Nike (BUE:NKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (BUE:NKE) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

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

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.