Nike (BSP:NIKE34) Total Inventories : R$38,328 Mil (As of Feb. 2024)

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What is Nike Total Inventories?

Nike's total inventories for the quarter that ended in Feb. 2024 was R$38,328 Mil. Nike's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was R$38,705 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nike's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was R$-1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nike's Days Inventory for the three months ended in Feb. 2024 was 103.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nike's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.88.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Nike's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.63.

Nike Total Inventories Historical Data

The historical data trend for Nike's Total Inventories 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 Total Inventories Chart

Nike Annual Data

Trend

May14

May15

May16

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May20

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May23

Total Inventories

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22,440.21

41,545.46

36,224.76

41,775.83

42,111.91

Nike Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															46,135.02	42,111.91	42,630.64	39,081.14	38,327.91

Nike Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Nike (BSP:NIKE34) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Nike's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(52451.596	+	0.75 * 22453.033	+	0.5 * 38327.913	-	114745.617
-	0	-	0)	/	15151.2
=	-1.74

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Nike's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	38704.5275	/	34066.5	*	365 / 4
	=	103.67

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Nike's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	34066.5	/	38704.5275
	=	0.88

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Nike's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	38704.5275	/	61659.026
	=	0.63

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Nike Total Inventories Related Terms

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Nike (BSP:NIKE34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (BSP:NIKE34) » Definitions » Total Inventories

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 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.

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