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Calculation
ROE | = | 100 | × | Net income1 | ÷ | Shareholders’ equity1 | |
---|---|---|---|---|---|---|---|
May 31, 2024 | = | 100 | × | ÷ | |||
May 31, 2023 | = | 100 | × | ÷ | |||
May 31, 2022 | = | 100 | × | ÷ | |||
May 31, 2021 | = | 100 | × | ÷ | |||
May 31, 2020 | = | 100 | × | ÷ | |||
May 31, 2019 | = | 100 | × | ÷ | |||
May 31, 2018 | = | 100 | × | ÷ | |||
May 31, 2017 | = | 100 | × | ÷ | |||
May 31, 2016 | = | 100 | × | ÷ | |||
May 31, 2015 | = | 100 | × | ÷ | |||
May 31, 2014 | = | 100 | × | ÷ | |||
May 31, 2013 | = | 100 | × | ÷ | |||
May 31, 2012 | = | 100 | × | ÷ | |||
May 31, 2011 | = | 100 | × | ÷ | |||
May 31, 2010 | = | 100 | × | ÷ | |||
May 31, 2009 | = | 100 | × | ÷ | |||
May 31, 2008 | = | 100 | × | ÷ | |||
May 31, 2007 | = | 100 | × | ÷ | |||
May 31, 2006 | = | 100 | × | ÷ | |||
May 31, 2005 | = | 100 | × | ÷ |
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
The financial data indicates a fluctuating but generally positive trend in net income over the period reviewed. Net income rose significantly from 1212 million US dollars in 2005 to a peak of 4240 million in 2017, demonstrating substantial growth during these years. Despite a notable dip in 2018 to 1933 million, net income rebounded sharply in the following years, reaching new highs above 5000 million by 2021 and 2022, before experiencing a slight decrease in 2023 and recovering again in 2024.
Shareholders' equity generally showed an upward trajectory from 5644 million in 2005 to 14004 million in 2023, marking a steady accumulation of equity value over nearly two decades. There were fluctuations, for example, a decline between 2013 and 2018, coinciding with the years when net income decreased significantly. After 2018, equity levels rose again, peaking at 15281 million in 2022 before a slight drop in 2023 and a minor recovery by 2024.
Return on Equity (ROE) demonstrates variability but remains at relatively high levels throughout the period. The ROE started at 21.47% in 2005, showing steady increases and reaching a peak of 34.17% in 2017. In 2018, ROE dropped substantially to 19.7%, mirroring the net income decline. Subsequently, ROE increased dramatically, peaking at 44.86% in 2021, remaining high through 2022 and stabilizing around 36-39% in the most recent years. This pattern suggests that the company maintained effective profitability relative to shareholder equity despite fluctuations in absolute income figures.
Overall, the data suggests that the company experienced robust growth and maintained strong profitability with some periods of volatility. The correlation between declines in net income and shareholders' equity around 2018 indicates potential challenges during that time, yet the company demonstrated resilience through subsequent recovery phases. The sustained high ROE values over multiple years underscore an efficient use of equity capital to generate earnings.
- Net Income Trends
- Growth from 1212 million to over 5700 million with notable dips and rebounds, especially around 2018.
- Shareholders' Equity Movement
- General upward trend with fluctuations, notably a decline in equity concurrent with income dips, followed by recovery.
- Return on Equity (ROE) Analysis
- High and variable ROE with a significant drop in 2018 but recovery to elevated levels thereafter, indicating strong profitability relative to equity.
- Correlations and Insights
- Periods of reduced net income align with declines in shareholders' equity and ROE, suggesting impact on capital base; robust recovery phases indicate operational and financial resilience.
Comparison to Competitors
Nike Inc. | lululemon athletica inc. | |
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May 31, 2024 | ||
May 31, 2023 | ||
May 31, 2022 | ||
May 31, 2021 | ||
May 31, 2020 | ||
May 31, 2019 | ||
May 31, 2018 | ||
May 31, 2017 | ||
May 31, 2016 | ||
May 31, 2015 | ||
May 31, 2014 | ||
May 31, 2013 | ||
May 31, 2012 | ||
May 31, 2011 | ||
May 31, 2010 | ||
May 31, 2009 | ||
May 31, 2008 | ||
May 31, 2007 | ||
May 31, 2006 | ||
May 31, 2005 |
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. | Consumer Durables & Apparel | |
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May 31, 2024 | ||
May 31, 2023 | ||
May 31, 2022 | ||
May 31, 2021 | ||
May 31, 2020 | ||
May 31, 2019 | ||
May 31, 2018 | ||
May 31, 2017 | ||
May 31, 2016 | ||
May 31, 2015 | ||
May 31, 2014 | ||
May 31, 2013 | ||
May 31, 2012 | ||
May 31, 2011 | ||
May 31, 2010 | ||
May 31, 2009 | ||
May 31, 2008 | ||
May 31, 2007 | ||
May 31, 2006 | ||
May 31, 2005 |
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. | Consumer Discretionary | |
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May 31, 2024 | ||
May 31, 2023 | ||
May 31, 2022 | ||
May 31, 2021 | ||
May 31, 2020 | ||
May 31, 2019 | ||
May 31, 2018 | ||
May 31, 2017 | ||
May 31, 2016 | ||
May 31, 2015 | ||
May 31, 2014 | ||
May 31, 2013 | ||
May 31, 2012 | ||
May 31, 2011 | ||
May 31, 2010 | ||
May 31, 2009 | ||
May 31, 2008 | ||
May 31, 2007 | ||
May 31, 2006 | ||
May 31, 2005 |
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).