Common-Size Balance Sheet: Assets
Quarterly Data
Nike Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31).
- Cash and Equivalents
- The proportion of cash and equivalents relative to total assets exhibited notable fluctuations over the periods. Starting at 13.13% in August 2019, the percentage saw a substantial increase peaking at around 28.27% in August 2021. Afterward, a gradual decline followed before a moderate recovery around early 2024. The recent data indicates fluctuations near 20-25%, suggesting strategic liquidity management with intermittent accumulation and deployment of cash resources.
- Short-term Investments
- Short-term investments as a percentage of total assets displayed a marked upward trend from below 1% in mid-2019 to a peak exceeding 12% during early 2022. This was followed by a steady decrease in subsequent quarters, leveling off around 4-5% in the latest periods. The pattern highlights an initial increase in liquid investment positions followed by a cautious reduction, possibly reflecting repositioning in portfolio strategies or changes in cash requirements.
- Accounts Receivable, Net
- This item maintained a relatively stable share of total assets, mostly ranging between 9% and 18%. The value dropped sharply in May 2020 coinciding with a period of external disruptions, then gradually recovered but did not return to pre-2020 highs. Recent quarters show moderate variability around 11-13%, indicating steady credit sales and collection practices.
- Inventories
- Inventory as a portion of total assets generally declined from above 22% in 2019 to a low point near 16.7% in late 2021. Since then, there was a recovery trend with values fluctuating around 20-23%. This suggests inventory optimization efforts in response to market demand shifts, with more balanced inventory holdings in recent periods.
- Prepaid Expenses and Other Current Assets
- These assets consistently represented a small fraction of total assets, fluctuating modestly between approximately 4% and 8%. The data reflects relative stability with minimal trend direction, indicating steady operational spending and prepayments.
- Current Assets
- Current assets as a percentage of total assets showed slight increases reaching highs near 70% around mid-2022, contrasting with a decline in early 2025 to about 64%. This suggests a generally strong focus on liquidity and short-term asset holdings, albeit with moderate decreases possibly tied to investments in longer-term assets or changes in working capital management.
- Property, Plant, and Equipment, Net
- The proportion of net property, plant, and equipment decreased from roughly 18% in early periods to around 11-13% in recent years, hitting the lower range in 2022 before a slight rebound. This declining trend may reflect asset disposals, amortization, or deceleration in capital expenditures.
- Operating Lease Right-of-Use Assets, Net
- This asset category experienced a gradual decline from around 11% to near 7% of total assets over the entire time span, with some temporary rises mid-cycle. The decreasing trend indicates potential lease terminations, renegotiations, or shifts from leases to ownership, pointing toward an evolving asset utilization strategy.
- Identifiable Intangible Assets, Net
- The intangible assets proportion remained low and stable near 0.7%-1%, with negligible changes. This stability suggests no major acquisitions or impairments affecting intangible assets during the periods analyzed.
- Goodwill
- Goodwill consistently accounted for less than 1% of total assets with small fluctuations. The stable percentage indicates limited acquisition activities or impairment impacts within the reporting periods.
- Deferred Income Taxes and Other Assets
- There was a clear upward trajectory for deferred income taxes and other assets from approximately 7.4% in May 2020 to over 14% by mid-2025. This significant increase over time implies growing deferred tax balances and possibly other non-current asset accumulations, reflecting changing tax positions or accounting treatments.
- Non-current Assets
- Non-current assets represented between 30% to nearly 40% of total assets. The trend showed a decrease during 2020 followed by a gradual recovery and an upward trajectory toward 36% by the latest period. This shift suggests an increasing emphasis on long-term asset investments after an initial reduction during the earlier periods.
- Total Assets Composition
- The sum of current and non-current assets consistently equaled total assets at 100%, confirming data integrity and proper classification. The overall asset structure reflects a balanced composition with evolving allocations between current and long-term assets over time.