What is Nike's inventory turnover?

Nike (NKE) reported inventory turnover of 41.8× in Q2 2025.

What does inventory turnover mean?

How many times a year the company sells through and restocks its inventory.

How do you interpret inventory turnover?

Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.

How does inventory turnover compare across companies?

Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.

Nike NKE Inventory turnover

Inventory turnover at other companies

Deckers Outdoor CorporationDECK

4.7×+0.4×

lululemon athleticaLULU

3×+0.1×

TJX CompaniesTJX

5.7×-0.2×

Ralph LaurenRL

2.5×+0.1×

Dick's Sporting GoodsDKS

2.9×+0.3×

Best BuyBBY

6×-0.1×

Other financials

Income statement

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Revenue$11.3B+0.1%

Gross profit$4.5B-3.1%

Net income$520.0M-34.5%

EPS (diluted)$0.35-35.2%

Balance sheet

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Cash & equivalents$1.7B-80.3%

Total debt$10.2B-6.7%

Total equity$14.1B+0.6%

Total assets$37.1B-1.9%

Cash flow

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Operating cash flow$430.0M-76.0%

CapEx$146.0M+80.3%

Free cash flow$284.0M-83.4%

Valuation

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Market cap$66.94B-21.7%

Enterprise value$75.42B-16.1%

P/E29.8×+10.8×

P/S1.4×-0.3×

Profitability

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Gross margin40.8%-3.0pp

Net margin4.8%-4.6pp

Returns & leverage

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Return on equity16%-15.9pp

Debt / equity0.7×-0.1×

Current ratio2.1×-0.1×

Where this comes from

Calculated from Nike’s reported figures.

total cost of revenue/inventories=41.8×

Based on trailing twelve months.

The official record: Nike’s 10-Q, filed October 1, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nike's inventory turnover?: Nike (NKE) reported inventory turnover of 41.8× in Q2 2025.
What does inventory turnover mean?: How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?: Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?: Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.