Return on Assets (ROA)
since 2005
Calculation
Nike Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| May 31, 2024 | 14.96% | = | 100 | × | 5,700) | ÷ | 38,110) |
| May 31, 2023 | 13.51% | = | 100 | × | 5,070) | ÷ | 37,531) |
| May 31, 2022 | 14.99% | = | 100 | × | 6,046) | ÷ | 40,321) |
| May 31, 2021 | 15.17% | = | 100 | × | 5,727) | ÷ | 37,740) |
| May 31, 2020 | 8.10% | = | 100 | × | 2,539) | ÷ | 31,342) |
| May 31, 2019 | 16.99% | = | 100 | × | 4,029) | ÷ | 23,717) |
| May 31, 2018 | 8.58% | = | 100 | × | 1,933) | ÷ | 22,536) |
| May 31, 2017 | 18.23% | = | 100 | × | 4,240) | ÷ | 23,259) |
| May 31, 2016 | 17.57% | = | 100 | × | 3,760) | ÷ | 21,396) |
| May 31, 2015 | 15.15% | = | 100 | × | 3,273) | ÷ | 21,600) |
| May 31, 2014 | 14.48% | = | 100 | × | 2,693) | ÷ | 18,594) |
| May 31, 2013 | 14.13% | = | 100 | × | 2,485) | ÷ | 17,584) |
| May 31, 2012 | 14.37% | = | 100 | × | 2,223) | ÷ | 15,465) |
| May 31, 2011 | 14.22% | = | 100 | × | 2,133) | ÷ | 14,998) |
| May 31, 2010 | 13.22% | = | 100 | × | 1,907) | ÷ | 14,419) |
| May 31, 2009 | 11.22% | = | 100 | × | 1,487) | ÷ | 13,250) |
| May 31, 2008 | 15.14% | = | 100 | × | 1,883) | ÷ | 12,443) |
| May 31, 2007 | 13.95% | = | 100 | × | 1,492) | ÷ | 10,688) |
| May 31, 2006 | 14.10% | = | 100 | × | 1,392) | ÷ | 9,870) |
| May 31, 2005 | 13.78% | = | 100 | × | 1,212) | ÷ | 8,794) |
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), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in millions
- Net Income Trend
- Net income generally exhibited a positive growth trend from 2005 to 2017, increasing from 1,212 million USD to a peak of 4,240 million USD. This was followed by a significant decline in 2018 to 1,933 million USD, likely indicating an anomalous event or market condition. After 2018, net income rebounded strongly reaching 5,727 million USD in 2021, slightly increasing to 6,046 million USD in 2022, then declined moderately in 2023 to 5,070 million USD before recovering again to 5,700 million USD in 2024.
- Total Assets
- Total assets showed consistent growth across the entire period with a steady increase from 8,794 million USD in 2005 to a peak of 40,321 million USD in 2022. Despite this overall upward movement, total assets decreased from 40,321 million USD in 2022 to 37,531 million USD in 2023, before stabilizing slightly upward to 38,110 million USD in 2024.
- Return on Assets (ROA)
- Return on Assets demonstrated volatility within a generally high range across the years. Initially, ROA hovered around 13.7% to 18.2% from 2005 through 2017, indicating effective asset utilization. In 2018, the ROA dropped sharply to 8.58%, mirroring the significant dip in net income. This was followed by recovery but another dip in 2020 to 8.1%. Subsequently, ROA improved again, maintaining a range between approximately 13.5% and 15.2% in the most recent years, suggesting relatively stable operational efficiency despite fluctuations in net income and assets.
- Overall Insights
- The data reveals a pattern of overall growth in both net income and assets over the long term, punctuated by notable dips around 2018 and 2020 likely due to external or internal disruptions. ROA trends parallel these fluctuations, indicating that profitability relative to assets was affected during these periods but generally maintained strong performance levels outside those anomalies. The recovery in net income and ROA after declines suggests resilience and effective management responses in subsequent years. The drop in total assets post-2022 is notable but appears limited, with signs of recent stabilization.
Comparison to Competitors
Nike Inc., ROA, long-term trends, comparison to competitors
| Nike Inc. | lululemon athletica inc. | |
|---|---|---|
| May 31, 2024 | 14.96% | 21.86% |
| May 31, 2023 | 13.51% | 15.25% |
| May 31, 2022 | 14.99% | 19.73% |
| May 31, 2021 | 15.17% | 14.07% |
| May 31, 2020 | 8.10% | 19.67% |
| May 31, 2019 | 16.99% | 23.21% |
| May 31, 2018 | 8.58% | 12.94% |
| May 31, 2017 | 18.23% | 18.30% |
| May 31, 2016 | 17.57% | 20.25% |
| May 31, 2015 | 15.15% | 18.44% |
| May 31, 2014 | 14.48% | 22.37% |
| May 31, 2013 | 14.13% | 25.74% |
| May 31, 2012 | 14.37% | 25.06% |
| May 31, 2011 | 14.22% | 24.40% |
| May 31, 2010 | 13.22% | 18.97% |
| May 31, 2009 | 11.22% | 18.60% |
| May 31, 2008 | 15.14% | 19.89% |
| May 31, 2007 | 13.95% | — |
| May 31, 2006 | 14.10% | — |
| May 31, 2005 | 13.78% | — |
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), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Consumer Durables & Apparel)
Nike Inc., ROA, long-term trends, comparison to sector (consumer durables & apparel)
| Nike Inc. | Consumer Durables & Apparel | |
|---|---|---|
| May 31, 2024 | 14.96% | 16.04% |
| May 31, 2023 | 13.51% | 13.73% |
| May 31, 2022 | 14.99% | 15.51% |
| May 31, 2021 | 15.17% | 15.06% |
| May 31, 2020 | 8.10% | 9.20% |
| May 31, 2019 | 16.99% | 17.49% |
| May 31, 2018 | 8.58% | 8.93% |
| May 31, 2017 | 18.23% | 18.23% |
| May 31, 2016 | 17.57% | 17.73% |
| May 31, 2015 | 15.15% | 15.34% |
| May 31, 2014 | 14.48% | 14.98% |
| May 31, 2013 | 14.13% | 14.79% |
| May 31, 2012 | 14.37% | 14.86% |
| May 31, 2011 | 14.22% | 14.55% |
| May 31, 2010 | 13.22% | 13.34% |
| May 31, 2009 | 11.22% | 11.34% |
| May 31, 2008 | 15.14% | 15.20% |
| May 31, 2007 | 13.95% | 13.95% |
| May 31, 2006 | 14.10% | 14.10% |
| May 31, 2005 | 13.78% | 13.78% |
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), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Consumer Discretionary)
Nike Inc., ROA, long-term trends, comparison to industry (consumer discretionary)
| Nike Inc. | Consumer Discretionary | |
|---|---|---|
| May 31, 2024 | 14.96% | 8.18% |
| May 31, 2023 | 13.51% | 7.66% |
| May 31, 2022 | 14.99% | 4.94% |
| May 31, 2021 | 15.17% | 8.07% |
| May 31, 2020 | 8.10% | 4.42% |
| May 31, 2019 | 16.99% | 5.57% |
| May 31, 2018 | 8.58% | 5.96% |
| May 31, 2017 | 18.23% | 4.05% |
| May 31, 2016 | 17.57% | 5.57% |
| May 31, 2015 | 15.15% | 6.25% |
| May 31, 2014 | 14.48% | 4.75% |
| May 31, 2013 | 14.13% | 5.52% |
| May 31, 2012 | 14.37% | 5.65% |
| May 31, 2011 | 14.22% | 9.48% |
| May 31, 2010 | 13.22% | 6.05% |
| May 31, 2009 | 11.22% | 4.67% |
| May 31, 2008 | 15.14% | 0.21% |
| May 31, 2007 | 13.95% | 2.85% |
| May 31, 2006 | 14.10% | 0.60% |
| May 31, 2005 | 13.78% | 3.80% |
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), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).