What is Nike's accounts receivable turnover?

Nike's operated at median receivables turnover of 11.6x from fiscal years ending May 2020 to 2024. Looking back at the last 5 years, Nike's receivables turnover peaked in May 2021 at 12.4x. Nike's receivables turnover hit its 5-year low in May 2022 of 10.2x.

US Legal Forms
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Contracts
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Accounts Receivable - Contract to Sale

Accounts Receivable Contract With Nike In Nevada

Q: What is Nike&#039;s accounts payable turnover?

Nike&#039;s accounts payable hit its 5-year low in May 2020 of 2.248 billion. Nike&#039;s accounts payable decreased in 2020 (2.248 billion, -13.9%), 2023 (2.862 billion, -14.8%), and 2024 (2.851 billion, -0.4%) and increased in 2021 (2.836 billion, +26.2%) and 2022 (3.358 billion, +18.4%).

Q: What is Nike&#039;s accounts receivable turnover?

Nike&#039;s operated at median receivables turnover of 11.6x from fiscal years ending May 2020 to 2024. Looking back at the last 5 years, Nike&#039;s receivables turnover peaked in May 2021 at 12.4x. Nike&#039;s receivables turnover hit its 5-year low in May 2022 of 10.2x.

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

Control #:

US-00402

Format:

Instant download

Description

The Accounts Receivable Contract with Nike in Nevada facilitates the sale of accounts receivable between a Seller and a Buyer. This contract outlines the Seller's agreement to sell all rights, titles, and interests in specified accounts, as detailed in an attached Exhibit. Key features include the Seller's representation of the validity and completeness of the accounts, the conditions under which the accounts are sold (whether with or without recourse), and specific clauses for potential account defaults and due diligence by the Buyer. Additionally, the form stipulates timeframes for Buyer inspection and cancellation rights if the accounts do not meet expectations. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to streamline the process of transferring accounts receivable, ensuring compliance with state laws while protecting the interests of both parties involved. This contract is particularly useful for parties in the retail industry or those dealing with large quantities of accounts receivable, such as Nike, by providing a clear, binding agreement to facilitate sales and avoid disputes.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

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Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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FAQ

The key difference between Contract asset and Account receivable is its conditionality i.e. Contract Asset is recognized in the Financial Statements when the right to receive the payment is conditional upon something other than just passage of time (having conditional right to receive payment).

Contract Receivables means, with respect to a Contract, all amounts due and payable or to become due and payable under such Contract, together with all rights to receive such amounts under such Contract.

Contract AR should be entered when the revenue has been earned but not collected. This normally occurs at the time goods or services are provided and should coincide when the invoice is sent. Postponing the recording of contract AR until the payment is received is not encouraged.

NIKE Brand Revenue was up 10 percent to a record $18.1 billion. Our Other Businesses grew 9 percent to a record $2.7 billion. NIKE Brand Futures orders are up 15 percent. And Earnings Per Share grew 14 percent, coming in at $4.39 – also a new record.

Sumerra is managing the audit process, Nike FCO program, on behalf of Nike – Working with Nike, Third Party Auditors, Licensees and Factories to ensure the audits are done in the right manner and at the right time.

Nike's accounts payable hit its 5-year low in May 2020 of 2.248 billion. Nike's accounts payable decreased in 2020 (2.248 billion, -13.9%), 2023 (2.862 billion, -14.8%), and 2024 (2.851 billion, -0.4%) and increased in 2021 (2.836 billion, +26.2%) and 2022 (3.358 billion, +18.4%).

Nike's operated at median receivables turnover of 11.6x from fiscal years ending May 2020 to 2024. Looking back at the last 5 years, Nike's receivables turnover peaked in May 2021 at 12.4x. Nike's receivables turnover hit its 5-year low in May 2022 of 10.2x.