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Nike Inc   (NKE)
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Nike Inc Accounts Receivables Turnover Ratio from the second quarter 2024 to the second quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Nike Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2024 to a ratio of 11.34, above the company average. This is a clear sign of healthy business climate in the Apparel, Footwear & Accessories industry and improving liquidity at their respective customers, during the second quarter 2024. Average receivable collection period, for the Nike Inc in Nov 30 2023 quarter, has decreased to 32 days, compared to 33 days, in the Aug 31 2023 quarter.

If we take a look into Consumer Discretionary sector 28 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 335, from overall ranking in the first quarter 2024 at 655.

What is Receivable Turnover Ratio?
What is Nike Inc Selling?


What is Receivable Turnover Ratio?




NKE Receivables Turnover Ratio (Nov 30 2023)
II. Quarter
(Aug 31 2023)
I. Quarter
(May 31 2023)
IV. Quarter
(Feb 28 2023)
III. Quarter
(Nov 30 2022)
II. Quarter
Y / Y Receivable Change -12.05 % -4.25 % -11.48 % 17.93 % 45.14 %
Y / Y Revenue Change 0.55 % 1.99 % 4.83 % 13.97 % 17.24 %
Receivable Turnover Ratio (TTM) 11.34 10.93 10.76 10.34 10.4
NKE's Total Ranking # 335 # 655 # 684 # 655 # 655
Average receivable collection period 32 33 34 35 35
Seq. Receivable Change 0.69 % 14.96 % -8.46 % -16.99 % 9.62 %
Seq. Revenue Change 3.47 % 0.89 % 3.51 % -6.95 % 4.95 %


Receivable Turnover Company Ranking
Within: No.
Apparel, Footwear & Accessories Industry # 6
Consumer Discretionary Sector # 29
Overall Market # 335

Receivable Turnover Ratio Statistics
High Average Low
2.54 1.51 1.14
(Sep. 30, 2015)   (Feb 28 2021)






Financial Statements
Nike Inc 's Accounts Receivable $ 4,782 Millions Visit NKE's Balance sheet
Nike Inc 's Sales TTM $ 51,542 Millions Visit NKE's Income Statement
Where are NKE's Sales coming from? Visit NKE's Sales by Geography

Other Accounts Receivable Turnover Ratios
Apparel, Footwear & Accessories Industry Accounts Receivable Turnover Trends and Statistics
Consumer Discretionary Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
NKE's Receivable Turnover Ratio versus Apparel, Footwear & Accessories Industry, Consumer Discretionary Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for NKE's Competitors
Receivables Turnover Ratio for NKE's Suppliers
Accounts Receivables Turnover Ratio for NKE's Customers

You may also want to know
NKE's Growth Rates NKE's Roa NKE's Inventory Turnover Ratio NKE's Dividend Comparisons
NKE's Profitability Ratios NKE's Roi NKE's Asset Turnover Ratio NKE's Dividend Growth
NKE's Valuation Ratios NKE's Roe NKE's Financial Strength Ratios NKE's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Nov 30 2023, within Consumer Discretionary Sector Receivable Turnover Ratio Revenues for 12 Months ending Nov 30 2023 Receivable at quarter ending Nov 30 2023
Tapestry Inc   27.95 $ 6,726.900  Millions$ 240.675  Millions
Icahn Enterprises l p   25.52 $ 15,395.000  Millions$ 603.250  Millions
Bwx Technologies Inc   25.42 $ 2,496.309  Millions$ 98.204  Millions
Crown Crafts Inc  24.68 $ 86.495  Millions$ 3.504  Millions
Peloton Interactive Inc   24.46 $ 2,729.200  Millions$ 111.575  Millions
Lucid Group Inc   24.21 $ 595.271  Millions$ 24.586  Millions
Carter s Inc  23.03 $ 4,495.253  Millions$ 195.225  Millions
Luvu Brands Inc   22.40 $ 27.243  Millions$ 1.216  Millions
Bassett Furniture Industries Incorporated  21.24 $ 389.488  Millions$ 18.341  Millions
Universal Security Instruments Inc  20.93 $ 20.999  Millions$ 1.004  Millions
Rivian Automotive Inc   19.77 $ 4,434.000  Millions$ 224.250  Millions
Solo Brands Inc   17.23 $ 494.152  Millions$ 28.685  Millions
Wesco International Inc   17.20 $ 22,385.200  Millions$ 1,301.575  Millions
La z boy Incorporated  16.75 $ 2,052.874  Millions$ 122.543  Millions
Patrick Industries Inc   15.98 $ 3,467.233  Millions$ 216.976  Millions
Capri Holdings Ltd  15.19 $ 5,282.000  Millions$ 347.750  Millions
Yeti Holdings inc   14.71 $ 1,658.186  Millions$ 112.713  Millions
Ralph Lauren Corporation  14.25 $ 6,604.300  Millions$ 463.550  Millions
Irobot Corporation  13.98 $ 890.580  Millions$ 63.699  Millions
Lci Industries  12.69 $ 3,784.808  Millions$ 298.332  Millions
Topgolf Callaway Brands Corp   12.63 $ 4,284.800  Millions$ 339.275  Millions
Holley Inc   12.61 $ 659.089  Millions$ 52.277  Millions
Kontoor Brands Inc   12.06 $ 2,607.472  Millions$ 216.134  Millions
Whirlpool Corp  11.68 $ 19,455.000  Millions$ 1,665.250  Millions
Lkq Corporation  11.66 $ 13,763.000  Millions$ 1,180.250  Millions
Nike Inc   11.34 $ 51,542.000  Millions$ 4,543.750  Millions
Brunswick Corporation  10.61 $ 6,401.400  Millions$ 603.300  Millions
Tempur Sealy International Inc   10.40 $ 4,924.700  Millions$ 473.700  Millions
The Toro Company  9.94 $ 4,405.260  Millions$ 443.164  Millions
The Dixie Group Inc   9.93 $ 276.343  Millions$ 27.820  Millions

Date modified: 2024-01-08T19:21:16+00:00



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