Nike Inc. (NKE)
Analysis of Inventory
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: 2019-07-23).
Nike Inc., Statement of Financial Position, Inventory
USD $ in millions
|May 31, 2019||May 31, 2018||May 31, 2017||May 31, 2016||May 31, 2015||May 31, 2014|
Based on: 10-K (filing date: 2019-07-23), 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).
|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 2017 to 2018 and from 2018 to 2019.|