Nike Property Plant And Equipment Net vs Other Liab Analysis
NKE Stock | USD 77.13 0.68 0.89% |
Nike financial indicator trend analysis is infinitely more than just investigating Nike Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nike Inc is a good investment. Please check the relationship between Nike Property Plant And Equipment Net and its Other Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
Property Plant And Equipment Net vs Other Liab
Property Plant And Equipment Net vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nike Inc Property Plant And Equipment Net account and Other Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nike's Property Plant And Equipment Net and Other Liab is 0.85. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Other Liab in the same time period over historical financial statements of Nike Inc, assuming nothing else is changed. The correlation between historical values of Nike's Property Plant And Equipment Net and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Nike Inc are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Property Plant And Equipment Net i.e., Nike's Property Plant And Equipment Net and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Other Liab
Most indicators from Nike's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nike Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. At present, Nike's Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 21.5B | 22.3B | 22.9B | 24.0B | Total Revenue | 46.7B | 51.2B | 51.4B | 53.9B |
Nike fundamental ratios Correlations
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Nike Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nike fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 31.3B | 37.7B | 40.3B | 37.5B | 38.1B | 40.0B | |
Short Long Term Debt Total | 13.0B | 9.9B | 12.6B | 12.1B | 12.0B | 12.5B | |
Other Current Liab | 5.0B | 6.1B | 6.2B | 5.7B | 5.7B | 6.0B | |
Total Current Liabilities | 8.3B | 9.7B | 10.7B | 9.3B | 10.6B | 11.1B | |
Total Stockholder Equity | 8.1B | 12.8B | 15.3B | 14.0B | 14.4B | 15.2B | |
Property Plant And Equipment Net | 4.9B | 4.9B | 4.8B | 8.0B | 7.7B | 8.1B | |
Net Debt | 4.7B | (6.5B) | 4.1B | 4.7B | 2.1B | 2.2B | |
Retained Earnings | (191M) | 3.2B | 3.5B | 1.4B | 965M | 916.8M | |
Cash | 8.3B | 9.9B | 8.6B | 7.4B | 9.9B | 10.4B | |
Non Current Assets Total | 10.8B | 11.4B | 12.1B | 12.3B | 12.7B | 13.4B | |
Non Currrent Assets Other | 3.1B | 3.1B | 2.9B | 3.8B | (44M) | (41.8M) | |
Cash And Short Term Investments | 8.8B | 13.5B | 13.0B | 10.7B | 11.6B | 12.2B | |
Net Receivables | 2.7B | 4.5B | 4.7B | 4.1B | 4.4B | 2.5B | |
Common Stock Shares Outstanding | 1.6B | 1.6B | 1.6B | 1.6B | 1.5B | 1.6B | |
Liabilities And Stockholders Equity | 31.3B | 37.7B | 40.3B | 37.5B | 38.1B | 40.0B | |
Non Current Liabilities Total | 15.0B | 15.3B | 14.3B | 14.3B | 13.1B | 13.7B | |
Inventory | 7.4B | 6.9B | 8.4B | 8.5B | 7.5B | 7.9B | |
Other Current Assets | 1.7B | 1.5B | 2.1B | 1.9B | 1.9B | 1.9B | |
Other Stockholder Equity | 8.3B | 10.0B | 11.5B | 12.4B | 13.4B | 14.1B | |
Total Liab | 23.3B | 25.0B | 25.0B | 23.5B | 23.7B | 24.9B | |
Total Current Assets | 20.6B | 26.3B | 28.2B | 25.2B | 25.4B | 26.7B | |
Short Term Debt | 696M | 469M | 930M | 431M | 1.5B | 1.6B | |
Accounts Payable | 2.2B | 2.8B | 3.4B | 2.9B | 2.9B | 3.0B | |
Good Will | 223M | 242M | 284M | 281M | 240M | 217.1M | |
Property Plant And Equipment Gross | 9.7B | 10.1B | 10.1B | 8.0B | 13.6B | 14.3B | |
Accumulated Other Comprehensive Income | (92M) | 231M | (56M) | (380M) | 53M | 55.7M | |
Other Liab | 3.0B | 2.7B | 3.0B | 2.6B | 3.0B | 3.2B | |
Other Assets | 2.3B | 2.9B | 3.8B | 3.8B | 4.3B | 4.6B | |
Long Term Debt | 9.4B | 9.4B | 8.9B | 8.9B | 7.9B | 8.3B | |
Property Plant Equipment | 4.9B | 8.0B | 4.8B | 8.0B | 9.2B | 9.7B | |
Accumulated Depreciation | 4.7B | 4.8B | 5.2B | 5.3B | 6.1B | 3.2B | |
Short Term Investments | 439M | 3.6B | 4.4B | 3.2B | 1.7B | 2.0B | |
Net Tangible Assets | 10.5B | 12.3B | 14.7B | 16.2B | 18.7B | 12.4B | |
Retained Earnings Total Equity | (191M) | 3.2B | 3.5B | 1.4B | 1.2B | 1.2B | |
Long Term Debt Total | 9.4B | 9.4B | 8.9B | 8.9B | 10.3B | 10.8B | |
Capital Surpluse | 8.3B | 10.0B | 11.5B | 12.4B | 14.3B | 8.0B |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Textiles, Apparel & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nike. If investors know Nike will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nike listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 1.48 | Earnings Share 3.49 | Revenue Per Share 33.122 | Quarterly Revenue Growth (0.10) |
The market value of Nike Inc is measured differently than its book value, which is the value of Nike that is recorded on the company's balance sheet. Investors also form their own opinion of Nike's value that differs from its market value or its book value, called intrinsic value, which is Nike's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nike's market value can be influenced by many factors that don't directly affect Nike's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nike's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nike is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nike's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.