Analysis of Inventory
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Inventory Disclosure
Nike Inc., balance sheet: inventory
US$ in millions
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished goods | |||||||||||||
| Inventories |
Based on: 10-K (reporting date: 2025-05-31), 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).
The analysis of the inventory data over the six-year period reveals several key trends. Finished goods inventory, reported in millions of US dollars, exhibits fluctuations but no consistent growth or decline trend.
- Inventory Levels
- Starting at $7,367 million in 2020, the inventory level decreased to $6,854 million in 2021, marking a noticeable reduction. However, this was followed by a significant increase to $8,420 million in 2022, suggesting adjustments in stock holdings.
- From 2022 onwards, the inventories remained relatively stable, with a slight increase to $8,454 million in 2023, then decreased again to $7,519 million in 2024 and $7,489 million in 2025. This indicates a trend of inventory optimization or possible changes in production or sales strategy.
- Overall Observations
- The data reflects a certain volatility but ultimately depicts attempts to balance inventory levels after the sharp increase in 2022. The inventory values in the last two years show a controlled reduction, possibly aimed at improving asset turnover or reducing holding costs.
- There is a clear alignment between finished goods and total inventories, indicating that finished goods represent the bulk or entirety of the inventory stock reported.