Microsoft Excel LibreOffice Calc

Nike Inc. (NKE)


Analysis of Inventory

Difficulty: Advanced


Inventory Accounting Policy

Inventories are stated at lower of cost and net realizable value, and valued on either an average or a specific identification cost basis. In some instances, NIKE ships product directly from the supplier to the customer, with the related inventory and cost of sales recognized on a specific identification basis. Inventory costs primarily consist of product cost from NIKE’s suppliers, as well as inbound freight, import duties, taxes, insurance and logistics and other handling fees.

Source: 10-K (filing date: 2018-07-25).


Inventory Disclosure

Nike Inc., Statement of Financial Position, Inventory

USD $ in millions

Microsoft Excel LibreOffice Calc
May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015 May 31, 2014 May 31, 2013
Finished goods 5,261  5,055  4,838  4,337  3,947  3,434 
Inventories 5,261  5,055  4,838  4,337  3,947  3,434 

Based on: 10-K (filing date: 2018-07-25), 10-K (filing date: 2017-07-20), 10-K (filing date: 2016-07-21), 10-K (filing date: 2015-07-23), 10-K (filing date: 2014-07-25), 10-K (filing date: 2013-07-23).

Item Description The company
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Nike Inc.’s inventories increased from 2016 to 2017 and from 2017 to 2018.