Stock Analysis on Net

Nike Inc. (NYSE:NKE)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Nike Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

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), 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 analysis of the financial trends over the examined periods reveals several key insights related to revenues, total assets, and total asset turnover.

Revenues
There is a general upward trend in revenues from US$13,740 million in 2005 to a peak of US$51,362 million in 2024, indicating significant growth over the long term. However, there are some fluctuations, notably a decline in 2020 to US$37,403 million followed by a strong recovery and growth through 2023. The latest figure for 2025 shows a reduction to US$46,309 million, which may warrant further investigation to identify causative factors.
Total Assets
Total assets show a consistent growth pattern from US$8,794 million in 2005, reaching US$38,110 million in 2024. The asset base expands significantly in the last several years, with a peak of US$40,321 million recorded in 2022. The recent decrease to US$36,579 million in 2025 suggests some contraction or asset reallocation could be underway.
Total Asset Turnover
The total asset turnover ratio exhibits some variability but generally remains within a range from 1.16 to 1.65 across the years. Early years reflect ratios predominantly above 1.4, reflecting efficient asset usage to generate revenue. A notable drop appears in 2020 and subsequent years, dipping below previous levels to around 1.16–1.36, which might indicate a period of reduced operational efficiency or increased asset base not yet matched by revenue growth. The slight improvement after 2020 suggests a potential recovery in asset utilization.

In summary, the company demonstrates strong revenue growth aligning with an expanding asset base, though recent years show some signs of volatility in both revenues and asset usage efficiency. The decline in revenues and asset levels in the latest year alongside fluctuating asset turnover ratios highlights areas for monitoring and strategic focus moving forward.


Comparison to Competitors


Comparison to Sector (Consumer Durables & Apparel)


Comparison to Industry (Consumer Discretionary)