Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Beginner level
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Nike Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-K (filing date: 2020-07-24), 10-Q (filing date: 2020-04-07), 10-Q (filing date: 2020-01-07), 10-Q (filing date: 2019-10-04), 10-K (filing date: 2019-07-23), 10-Q (filing date: 2019-04-04), 10-Q (filing date: 2019-01-08), 10-Q (filing date: 2018-10-05), 10-K (filing date: 2018-07-25), 10-Q (filing date: 2018-04-05), 10-Q (filing date: 2018-01-05), 10-Q (filing date: 2017-10-06), 10-K (filing date: 2017-07-20), 10-Q (filing date: 2017-04-04), 10-Q (filing date: 2017-01-05), 10-Q (filing date: 2016-10-11), 10-K (filing date: 2016-07-21), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-06), 10-Q (filing date: 2015-10-06), 10-K (filing date: 2015-07-23), 10-Q (filing date: 2015-04-07), 10-Q (filing date: 2015-01-07), 10-Q (filing date: 2014-10-07).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Nike Inc.’s net fixed asset turnover ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Nike Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Nike Inc.’s total asset turnover ratio improved from Q2 2020 to Q3 2020 but then deteriorated significantly from Q3 2020 to Q4 2020. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Nike Inc.’s equity turnover ratio improved from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Net Fixed Asset Turnover
Nike Inc., net fixed asset turnover calculation (quarterly data)
| May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Revenues | 6,313 | 10,104 | 10,326 | 10,660 | 10,184 | 9,611 | 9,374 | 9,948 | 9,789 | 8,984 | 8,554 | 9,070 | 8,677 | 8,432 | 8,180 | 9,061 | 8,244 | 8,032 | 7,686 | 8,414 | 7,779 | 7,460 | 7,380 | 7,982 | |||||||
| Property, plant and equipment, net | 4,866 | 4,783 | 4,668 | 4,615 | 4,744 | 4,688 | 4,588 | 4,487 | 4,454 | 4,298 | 4,117 | 4,086 | 3,989 | 3,793 | 3,566 | 3,572 | 3,520 | 3,329 | 3,235 | 3,112 | 3,011 | 2,862 | 2,927 | 2,895 | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 7.69 | 8.63 | 8.74 | 8.63 | 8.25 | 8.26 | 8.30 | 8.31 | 8.17 | 8.21 | 8.44 | 8.41 | 8.61 | 8.94 | 9.40 | 9.24 | 9.20 | 9.59 | 9.69 | 9.97 | 10.16 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Colgate-Palmolive Co. | — | — | 4.58 | 4.56 | 4.18 | 4.20 | 4.06 | 4.04 | 4.01 | 4.04 | 4.03 | 3.84 | 3.80 | 3.82 | 3.86 | 3.91 | 3.96 | 4.01 | 4.05 | 4.12 | 4.22 | — | — | — | |||||||
| Estée Lauder Cos. Inc. | 6.96 | 7.39 | 7.60 | 7.55 | 7.19 | 7.70 | 7.64 | 7.58 | 7.51 | 7.70 | 7.39 | 7.22 | 7.08 | 7.35 | 7.28 | 7.20 | 7.11 | 7.38 | 7.39 | 7.48 | 7.23 | — | — | — | |||||||
| Kimberly-Clark Corp. | — | — | 2.56 | 2.61 | 2.48 | 2.58 | 2.55 | 2.58 | 2.58 | 2.63 | 2.63 | 2.53 | 2.46 | 2.49 | 2.51 | 2.51 | 2.54 | 2.53 | 2.55 | 2.56 | 2.62 | — | — | — | |||||||
Based on: 10-K (filing date: 2020-07-24), 10-Q (filing date: 2020-04-07), 10-Q (filing date: 2020-01-07), 10-Q (filing date: 2019-10-04), 10-K (filing date: 2019-07-23), 10-Q (filing date: 2019-04-04), 10-Q (filing date: 2019-01-08), 10-Q (filing date: 2018-10-05), 10-K (filing date: 2018-07-25), 10-Q (filing date: 2018-04-05), 10-Q (filing date: 2018-01-05), 10-Q (filing date: 2017-10-06), 10-K (filing date: 2017-07-20), 10-Q (filing date: 2017-04-04), 10-Q (filing date: 2017-01-05), 10-Q (filing date: 2016-10-11), 10-K (filing date: 2016-07-21), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-06), 10-Q (filing date: 2015-10-06), 10-K (filing date: 2015-07-23), 10-Q (filing date: 2015-04-07), 10-Q (filing date: 2015-01-07), 10-Q (filing date: 2014-10-07).
1 Q4 2020 Calculation
Net fixed asset turnover
= (RevenuesQ4 2020
+ RevenuesQ3 2020
+ RevenuesQ2 2020
+ RevenuesQ1 2020)
÷ Property, plant and equipment, net
= (6,313 + 10,104 + 10,326 + 10,660)
÷ 4,866 = 7.69
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Nike Inc.’s net fixed asset turnover ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Nike Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Revenues | 6,313 | 10,104 | 10,326 | 10,660 | 10,184 | 9,611 | 9,374 | 9,948 | 9,789 | 8,984 | 8,554 | 9,070 | 8,677 | 8,432 | 8,180 | 9,061 | 8,244 | 8,032 | 7,686 | 8,414 | 7,779 | 7,460 | 7,380 | 7,982 | |||||||
| Property, plant and equipment, net | 4,866 | 4,783 | 4,668 | 4,615 | 4,744 | 4,688 | 4,588 | 4,487 | 4,454 | 4,298 | 4,117 | 4,086 | 3,989 | 3,793 | 3,566 | 3,572 | 3,520 | 3,329 | 3,235 | 3,112 | 3,011 | 2,862 | 2,927 | 2,895 | |||||||
| Operating lease right-of-use assets, net | 3,097 | 2,907 | 2,882 | 2,832 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 7,963 | 7,690 | 7,550 | 7,447 | 4,744 | 4,688 | 4,588 | 4,487 | 4,454 | 4,298 | 4,117 | 4,086 | 3,989 | 3,793 | 3,566 | 3,572 | 3,520 | 3,329 | 3,235 | 3,112 | 3,011 | 2,862 | 2,927 | 2,895 | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 4.70 | 5.37 | 5.40 | 5.35 | 8.25 | 8.26 | 8.30 | 8.31 | 8.17 | 8.21 | 8.44 | 8.41 | 8.61 | 8.94 | 9.40 | 9.24 | 9.20 | 9.59 | 9.69 | 9.97 | 10.16 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||||||||||||||||||||||||||
| Estée Lauder Cos. Inc. | 3.30 | 3.41 | 3.44 | 3.36 | 7.19 | 7.70 | 7.64 | 7.58 | 7.51 | 7.70 | 7.39 | 7.22 | 7.08 | 7.35 | 7.28 | 7.20 | 7.11 | 7.38 | 7.39 | 7.48 | 7.23 | — | — | — | |||||||
Based on: 10-K (filing date: 2020-07-24), 10-Q (filing date: 2020-04-07), 10-Q (filing date: 2020-01-07), 10-Q (filing date: 2019-10-04), 10-K (filing date: 2019-07-23), 10-Q (filing date: 2019-04-04), 10-Q (filing date: 2019-01-08), 10-Q (filing date: 2018-10-05), 10-K (filing date: 2018-07-25), 10-Q (filing date: 2018-04-05), 10-Q (filing date: 2018-01-05), 10-Q (filing date: 2017-10-06), 10-K (filing date: 2017-07-20), 10-Q (filing date: 2017-04-04), 10-Q (filing date: 2017-01-05), 10-Q (filing date: 2016-10-11), 10-K (filing date: 2016-07-21), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-06), 10-Q (filing date: 2015-10-06), 10-K (filing date: 2015-07-23), 10-Q (filing date: 2015-04-07), 10-Q (filing date: 2015-01-07), 10-Q (filing date: 2014-10-07).
1 Q4 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (RevenuesQ4 2020
+ RevenuesQ3 2020
+ RevenuesQ2 2020
+ RevenuesQ1 2020)
÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= (6,313 + 10,104 + 10,326 + 10,660)
÷ 7,963 = 4.70
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Nike Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Total Asset Turnover
Nike Inc., total asset turnover calculation (quarterly data)
| May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Revenues | 6,313 | 10,104 | 10,326 | 10,660 | 10,184 | 9,611 | 9,374 | 9,948 | 9,789 | 8,984 | 8,554 | 9,070 | 8,677 | 8,432 | 8,180 | 9,061 | 8,244 | 8,032 | 7,686 | 8,414 | 7,779 | 7,460 | 7,380 | 7,982 | |||||||
| Total assets | 31,342 | 26,220 | 26,602 | 26,249 | 23,717 | 22,921 | 22,677 | 22,483 | 22,536 | 22,552 | 24,055 | 23,647 | 23,259 | 23,152 | 22,652 | 21,156 | 21,396 | 20,987 | 22,583 | 20,766 | 21,600 | 20,541 | 19,167 | 18,521 | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Total asset turnover1 | 1.19 | 1.57 | 1.53 | 1.52 | 1.65 | 1.69 | 1.68 | 1.66 | 1.62 | 1.56 | 1.44 | 1.45 | 1.48 | 1.46 | 1.48 | 1.56 | 1.51 | 1.52 | 1.39 | 1.49 | 1.42 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Colgate-Palmolive Co. | — | — | 1.05 | 1.06 | 1.04 | 1.03 | 1.17 | 1.20 | 1.28 | 1.24 | 1.25 | 1.19 | 1.22 | 1.20 | 1.21 | 1.22 | 1.25 | 1.22 | 1.24 | 1.26 | 1.34 | — | — | — | |||||||
| Estée Lauder Cos. Inc. | 0.80 | 0.84 | 0.88 | 0.99 | 1.13 | 1.13 | 1.12 | 1.11 | 1.09 | 1.04 | 1.01 | 1.00 | 1.02 | 1.01 | 1.01 | 1.21 | 1.22 | 1.26 | 1.29 | 1.30 | 1.31 | — | — | — | |||||||
| Kimberly-Clark Corp. | — | — | 1.17 | 1.20 | 1.21 | 1.23 | 1.20 | 1.21 | 1.27 | 1.27 | 1.27 | 1.21 | 1.21 | 1.21 | 1.21 | 1.23 | 1.25 | 1.22 | 1.24 | 1.24 | 1.25 | — | — | — | |||||||
Based on: 10-K (filing date: 2020-07-24), 10-Q (filing date: 2020-04-07), 10-Q (filing date: 2020-01-07), 10-Q (filing date: 2019-10-04), 10-K (filing date: 2019-07-23), 10-Q (filing date: 2019-04-04), 10-Q (filing date: 2019-01-08), 10-Q (filing date: 2018-10-05), 10-K (filing date: 2018-07-25), 10-Q (filing date: 2018-04-05), 10-Q (filing date: 2018-01-05), 10-Q (filing date: 2017-10-06), 10-K (filing date: 2017-07-20), 10-Q (filing date: 2017-04-04), 10-Q (filing date: 2017-01-05), 10-Q (filing date: 2016-10-11), 10-K (filing date: 2016-07-21), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-06), 10-Q (filing date: 2015-10-06), 10-K (filing date: 2015-07-23), 10-Q (filing date: 2015-04-07), 10-Q (filing date: 2015-01-07), 10-Q (filing date: 2014-10-07).
1 Q4 2020 Calculation
Total asset turnover
= (RevenuesQ4 2020
+ RevenuesQ3 2020
+ RevenuesQ2 2020
+ RevenuesQ1 2020)
÷ Total assets
= (6,313 + 10,104 + 10,326 + 10,660)
÷ 31,342 = 1.19
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Nike Inc.’s total asset turnover ratio improved from Q2 2020 to Q3 2020 but then deteriorated significantly from Q3 2020 to Q4 2020. |
Equity Turnover
Nike Inc., equity turnover calculation (quarterly data)
| May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Revenues | 6,313 | 10,104 | 10,326 | 10,660 | 10,184 | 9,611 | 9,374 | 9,948 | 9,789 | 8,984 | 8,554 | 9,070 | 8,677 | 8,432 | 8,180 | 9,061 | 8,244 | 8,032 | 7,686 | 8,414 | 7,779 | 7,460 | 7,380 | 7,982 | |||||||
| Shareholders’ equity | 8,055 | 9,045 | 9,351 | 9,200 | 9,040 | 8,961 | 8,729 | 8,992 | 9,812 | 9,782 | 11,758 | 11,993 | 12,407 | 12,722 | 12,323 | 12,165 | 12,258 | 12,300 | 13,405 | 12,894 | 12,707 | 12,368 | 11,700 | 11,105 | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Equity turnover1 | 4.64 | 4.56 | 4.36 | 4.33 | 4.33 | 4.32 | 4.36 | 4.15 | 3.71 | 3.61 | 2.95 | 2.86 | 2.77 | 2.67 | 2.72 | 2.71 | 2.64 | 2.59 | 2.34 | 2.41 | 2.41 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Colgate-Palmolive Co. | — | — | 59.47 | — | 134.13 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Estée Lauder Cos. Inc. | 3.63 | 3.57 | 3.47 | 3.36 | 3.39 | 3.18 | 3.30 | 3.16 | 2.92 | 2.82 | 2.80 | 2.59 | 2.70 | 2.81 | 3.00 | 3.09 | 3.15 | 2.92 | 3.07 | 3.15 | 2.96 | — | — | — | |||||||
| Kimberly-Clark Corp. | — | — | 70.31 | — | — | — | — | — | — | — | — | 58.38 | 29.03 | 70.35 | 178.19 | 133.89 | — | 60.86 | 93.47 | 168.59 | — | — | — | — | |||||||
Based on: 10-K (filing date: 2020-07-24), 10-Q (filing date: 2020-04-07), 10-Q (filing date: 2020-01-07), 10-Q (filing date: 2019-10-04), 10-K (filing date: 2019-07-23), 10-Q (filing date: 2019-04-04), 10-Q (filing date: 2019-01-08), 10-Q (filing date: 2018-10-05), 10-K (filing date: 2018-07-25), 10-Q (filing date: 2018-04-05), 10-Q (filing date: 2018-01-05), 10-Q (filing date: 2017-10-06), 10-K (filing date: 2017-07-20), 10-Q (filing date: 2017-04-04), 10-Q (filing date: 2017-01-05), 10-Q (filing date: 2016-10-11), 10-K (filing date: 2016-07-21), 10-Q (filing date: 2016-04-05), 10-Q (filing date: 2016-01-06), 10-Q (filing date: 2015-10-06), 10-K (filing date: 2015-07-23), 10-Q (filing date: 2015-04-07), 10-Q (filing date: 2015-01-07), 10-Q (filing date: 2014-10-07).
1 Q4 2020 Calculation
Equity turnover
= (RevenuesQ4 2020
+ RevenuesQ3 2020
+ RevenuesQ2 2020
+ RevenuesQ1 2020)
÷ Shareholders’ equity
= (6,313 + 10,104 + 10,326 + 10,660)
÷ 8,055 = 4.64
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Nike Inc.’s equity turnover ratio improved from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |