Why You Should Care About NIKE's (NYSE:NKE) Strong Returns On Capital [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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US:NYSE Investor Relations:
investors.nike.com/home/default.aspx
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Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So, when we ran our eye over NIKE's NYSE:NKE ) trend of ROCE, we really liked what we saw. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for NIKE: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.23 = US$6.4b ÷ (US$38b - US$11b) (Based on the trailing twelve months to August 2024) Therefore, NIKE has an ROCE of 23%. In absolute terms that's a great return and it's even better than the Luxury industry average of 13%. See our latest analysis for NIKE Above you can see how the current ROCE for NIKE compare
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NKE
News
- NIKE, Inc. Announces Second Quarter Fiscal 2025 Earnings and Conference CallBusiness Wire
- NIKE's Premium P/S Valuation: Sign of Growth or Time to Cash Out? [Yahoo! Finance]Yahoo! Finance
- These Are the 5 Worst-Performing Stocks in the Dow Jones Industrial Average With 2024 Almost Over [Yahoo! Finance]Yahoo! Finance
- 2 Dow Jones Stocks Billionaires Are Buying Hand Over Fist [Yahoo! Finance]Yahoo! Finance
- Shoe Surgeon Says Nike's ‘Deleterious Lies' and Trademark Accusations Hurt His Business [Yahoo! Finance]Yahoo! Finance
NKE
Earnings
- 10/1/24 - Beat
NKE
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 10/31/24 - Form 4
- NKE's page on the SEC website