Stock Analysis on Net
Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level


Long-term Activity Ratios (Summary)

Nike Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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
Net fixed asset turnover 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
Net fixed asset turnover (including operating lease, right-of-use asset) 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
Total asset turnover 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
Equity turnover 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

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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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.