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Nike Financial Performance 2014-2015

Nike's sales increased 10% to $30.6 billion in 2015 from $27.8 billion in 2014. Net income grew 22% to $3.27 billion in 2015 from $2.69 billion in 2014. Inventory levels increased 9% to $4.34 billion in 2015 and accounts receivable decreased 2% to $3.36 billion. Returns as a percentage of sales increased to 0.37% in 2015 from 0.28% in 2014. ROE remained steady at 26% in 2015 compared to 25% in 2014. Gross margin increased to 46% in 2015 from 45% in 2014.

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131 views2 pages

Nike Financial Performance 2014-2015

Nike's sales increased 10% to $30.6 billion in 2015 from $27.8 billion in 2014. Net income grew 22% to $3.27 billion in 2015 from $2.69 billion in 2014. Inventory levels increased 9% to $4.34 billion in 2015 and accounts receivable decreased 2% to $3.36 billion. Returns as a percentage of sales increased to 0.37% in 2015 from 0.28% in 2014. ROE remained steady at 26% in 2015 compared to 25% in 2014. Gross margin increased to 46% in 2015 from 45% in 2014.

Uploaded by

atulpverma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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Nike

2015 2014
Sales 30,601 27,799
COGS 16,534 15,353
Net income 3,273 2,693
Total assets 21,600 18,594
AR 3,358 3,434
Inventory 4,337 3,974
AP 2,131 1,930
Total liabilities 8,893 7,770
Total SE 12,707 10,824

AR as a % of total assets 16% 18%


Inventory as a % of total assets 20% 21%

Provision for disocunts, discounts, claims 724 610


Estimated returns for the year 114 79
Returns as a % of sale 0.37% 0.28%

Allowance for bad debts 78 78


Bad debt expense / (Gain) 0 -26
Allowance as a % of AR 2.32% 2.27%

Nike
2015 2014
ROE Analysis
ROE NI / Total SE 26% 25%
Net margin Net income / Sales 11% 10%
Asset turnover Sales / Total Assets 1.42 1.50
Leverage Total Assets / Total SE 1.70 1.72

Operating ratios
Gross margin (Sales - COGS) / Sales 46% 45%
Receivable turnover Sales / AR 9.11 8.10
Receivable days 365 / Receivables turnover 40 45
Inventory turnover COGS / Inventory 3.81 3.86
Inventory days 365 / Inventory turnover 96 94
Payable turnover COGS / AP 7.76 7.95
Payable days 365 / Payable turnover 47 46
Cash cycle Receivable days + inventory days - Payable days 89 94
Nike Bata
2013 2015
25,313 21,552
14,279 9,902
2,472 1,850
17,545 16,370
3,117 584
3,484 7,046
1,669 977
6,159
10,211

18% 4%
20% 43%

531

104

3.34%

Nike Bata
2013 2015

18%
10% 9%
1.44 1.32
1.60

44% 54%
8.12 36.89
45 10
4.10 1.41
89 260
8.56 10.14
43 36
91 234

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