Analysis of Inventory
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Inventory Disclosure
Nike Inc., balance sheet: inventory
US$ in millions
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished goods | |||||||||||||
| Inventories |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
- Inventory Trends
- Over the six-year period, the inventory levels showed variability with an overall upward trend until the fiscal year ending May 31, 2023, followed by a decrease in the last year observed. Initially, inventory increased significantly from 5,622 million USD in 2019 to a peak of 8,454 million USD in 2023. This represents a cumulative increase of about 50% over the five-year span. The upward movement suggests a buildup in finished goods and inventory for most of the period.
- However, in the final year recorded (ending May 31, 2024), inventory levels declined to 7,519 million USD, indicating a reduction of approximately 11% from the previous year. This drop may reflect improved inventory management, a reaction to changing demand conditions, or strategic adjustments to avoid excess stock.
- The fluctuations, with a notable rise followed by a recent decline, highlight an adaptive response in inventory levels, potentially balancing supply chain considerations and market demand.