Nike Inc Receivable turnover ratio sequentially improved to 11.38, above company average. Average receivable collection period, for the Nike Inc in May 31 2021 quarter, has decreased to 32 days, compare to 33 days, in the Feb 28 2021 quarter. Within Consumer Discretionary sector 37 other companies have achieved higher receivables turnover ratio.What is the average collection period for Nike's accouts receivable?
Accounts Receivable turnover ratio remained unchanged compare to previous quarter at 8.94 but remained above company average. Average collection period, for Nike's accouts receivable remained unchanged at 41 days, in the Aug 31 2019 quarter.Did Nike's turnover ratio improve or decrease in 2020?
Nike Inc. receivables turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. An activity ratio calculated as cost of goods sold divided by payables. Nike Inc. payables turnover ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.Did Nike’s cash conversion cycle improve in 2021?
Nike Inc. cash conversion cycle deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.