Nike (XSGO:NKE) Receivables Turnover : 2.67 (As of Feb. 2024)

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What is Nike Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Nike's Revenue for the three months ended in Feb. 2024 was $12,429 Mil. Nike's average Accounts Receivable for the three months ended in Feb. 2024 was $4,654 Mil. Hence, Nike's Receivables Turnover for the three months ended in Feb. 2024 was 2.67.

Nike Receivables Turnover Historical Data

The historical data trend for Nike's Receivables Turnover 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 Receivables Turnover Chart

Nike Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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10.07

10.65

12.35

10.23

11.64

Nike Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															2.49	2.97	2.91	2.81	2.67

Competitive Comparison of Nike's Receivables Turnover

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

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

* The bar in red indicates where Nike's Receivables Turnover falls into.

Nike Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	51217	/ (	(4667	+	4131)	/	2 )
=	51217	/	4399
=	11.64

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

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	12429	/ (	(4782	+	4526)	/	2 )
=	12429	/	4654
=	2.67

Nike (XSGO:NKE) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Nike Receivables Turnover Related Terms

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Nike (XSGO:NKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (XSGO:NKE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NKE:USA NKE:Peru NKE:Mexico NKE_KZ:Kazakhstan 1NKE:Italy NKEd:UK 0QZ6:UK NKE:Germany 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.