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.