Nike Income Before Tax vs Total Revenue Analysis

Nike financial indicator trend analysis is infinitely more than just investigating Nike Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nike Inc is a good investment. Please check the relationship between Nike Income Before Tax and its Total Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nike Inc Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Nike's Income Before Tax and Total Revenue is 0.95. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Nike Inc, assuming nothing else is changed. The correlation between historical values of Nike's Income Before Tax and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Nike Inc are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Nike's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Nike income statement and is an important metric when analyzing Nike Inc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Total Revenue

Total revenue comprises all receipts Nike Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Nike's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nike Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. At present, Nike's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 25.8 B, whereas Tax Provision is forecasted to decline to about 769.8 M.

	2022	2024	2025 (projected)
Interest Expense	286M	328.9M	345.3M
Depreciation And Amortization	859M	970.6M	1.0B

Interest Expense Depreciation And Amortization

Nike fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Good Will	Property Plant And Equipment Gross	Other Liab
Total Assets		0.92	0.96	0.98	0.84	0.92	0.42	-0.35	0.96	0.99	0.39	0.97	0.88	-0.85	0.93	0.98	0.79	0.97	0.97	1.0	0.8	0.95	0.18	-0.1	0.91	0.84
Short Long Term Debt Total	0.92		0.89	0.9	0.6	0.86	0.62	-0.62	0.95	0.95	0.25	0.91	0.64	-0.69	0.98	0.92	0.62	0.87	0.97	0.9	0.82	0.79	-0.02	0.21	0.82	0.75
Other Current Liab	0.96	0.89		0.97	0.73	0.84	0.36	-0.41	0.93	0.95	0.39	0.92	0.83	-0.83	0.93	0.95	0.84	0.89	0.96	0.96	0.68	0.94	0.09	-0.07	0.86	0.87
Total Current Liabilities	0.98	0.9	0.97		0.81	0.92	0.41	-0.4	0.96	0.98	0.42	0.94	0.88	-0.85	0.91	0.97	0.84	0.96	0.96	0.98	0.81	0.96	0.15	-0.11	0.94	0.86
Total Stockholder Equity	0.84	0.6	0.73	0.81		0.77	0.21	0.12	0.72	0.78	0.37	0.81	0.92	-0.8	0.6	0.8	0.8	0.88	0.69	0.86	0.66	0.88	0.45	-0.44	0.78	0.61
Property Plant And Equipment Net	0.92	0.86	0.84	0.92	0.77		0.51	-0.49	0.89	0.94	0.5	0.84	0.81	-0.8	0.85	0.92	0.72	0.96	0.89	0.89	0.87	0.86	0.14	-0.08	0.92	0.81
Net Debt	0.42	0.62	0.36	0.41	0.21	0.51		-0.59	0.4	0.49	0.14	0.33	0.16	-0.29	0.5	0.53	0.31	0.46	0.48	0.38	0.53	0.33	-0.12	0.29	0.36	0.3
Retained Earnings	-0.35	-0.62	-0.41	-0.4	0.12	-0.49	-0.59		-0.49	-0.47	-0.19	-0.31	0.0	0.13	-0.58	-0.4	-0.13	-0.36	-0.53	-0.29	-0.53	-0.18	0.53	-0.6	-0.4	-0.38
Cash	0.96	0.95	0.93	0.96	0.72	0.89	0.4	-0.49		0.97	0.3	0.96	0.77	-0.76	0.95	0.92	0.7	0.92	0.98	0.95	0.85	0.86	0.1	0.04	0.91	0.8
Non Current Assets Total	0.99	0.95	0.95	0.98	0.78	0.94	0.49	-0.47	0.97		0.43	0.95	0.83	-0.83	0.95	0.98	0.75	0.97	0.98	0.97	0.83	0.92	0.11	-0.04	0.92	0.86
Non Currrent Assets Other	0.39	0.25	0.39	0.42	0.37	0.5	0.14	-0.19	0.3	0.43		0.23	0.5	-0.58	0.31	0.46	0.36	0.45	0.36	0.36	0.23	0.52	-0.04	-0.42	0.54	0.69
Cash And Short Term Investments	0.97	0.91	0.92	0.94	0.81	0.84	0.33	-0.31	0.96	0.95	0.23		0.82	-0.76	0.92	0.92	0.71	0.92	0.95	0.98	0.78	0.89	0.14	-0.02	0.85	0.75
Net Receivables	0.88	0.64	0.83	0.88	0.92	0.81	0.16	0.0	0.77	0.83	0.5	0.82		-0.87	0.68	0.85	0.81	0.87	0.77	0.89	0.63	0.95	0.44	-0.44	0.86	0.8
Common Stock Shares Outstanding	-0.85	-0.69	-0.83	-0.85	-0.8	-0.8	-0.29	0.13	-0.76	-0.83	-0.58	-0.76	-0.87		-0.74	-0.88	-0.79	-0.82	-0.79	-0.85	-0.55	-0.91	-0.3	0.49	-0.82	-0.87
Non Current Liabilities Total	0.93	0.98	0.93	0.91	0.6	0.85	0.5	-0.58	0.95	0.95	0.31	0.92	0.68	-0.74		0.93	0.62	0.86	0.99	0.91	0.74	0.82	-0.03	0.14	0.81	0.83
Inventory	0.98	0.92	0.95	0.97	0.8	0.92	0.53	-0.4	0.92	0.98	0.46	0.92	0.85	-0.88	0.93		0.81	0.94	0.97	0.97	0.75	0.95	0.17	-0.13	0.88	0.87
Other Current Assets	0.79	0.62	0.84	0.84	0.8	0.72	0.31	-0.13	0.7	0.75	0.36	0.71	0.81	-0.79	0.62	0.81		0.78	0.72	0.81	0.54	0.87	0.27	-0.37	0.73	0.68
Other Stockholder Equity	0.97	0.87	0.89	0.96	0.88	0.96	0.46	-0.36	0.92	0.97	0.45	0.92	0.87	-0.82	0.86	0.94	0.78		0.91	0.96	0.87	0.92	0.18	-0.12	0.93	0.77
Total Liab	0.97	0.97	0.96	0.96	0.69	0.89	0.48	-0.53	0.98	0.98	0.36	0.95	0.77	-0.79	0.99	0.97	0.72	0.91		0.96	0.78	0.89	0.04	0.05	0.88	0.86
Total Current Assets	1.0	0.9	0.96	0.98	0.86	0.89	0.38	-0.29	0.95	0.97	0.36	0.98	0.89	-0.85	0.91	0.97	0.81	0.96	0.96		0.77	0.96	0.21	-0.14	0.89	0.83
Short Term Debt	0.8	0.82	0.68	0.81	0.66	0.87	0.53	-0.53	0.85	0.83	0.23	0.78	0.63	-0.55	0.74	0.75	0.54	0.87	0.78	0.77		0.67	0.09	0.15	0.87	0.56
Accounts Payable	0.95	0.79	0.94	0.96	0.88	0.86	0.33	-0.18	0.86	0.92	0.52	0.89	0.95	-0.91	0.82	0.95	0.87	0.92	0.89	0.96	0.67		0.26	-0.31	0.89	0.88
Intangible Assets	0.18	-0.02	0.09	0.15	0.45	0.14	-0.12	0.53	0.1	0.11	-0.04	0.14	0.44	-0.3	-0.03	0.17	0.27	0.18	0.04	0.21	0.09	0.26		-0.54	0.21	0.08
Good Will	-0.1	0.21	-0.07	-0.11	-0.44	-0.08	0.29	-0.6	0.04	-0.04	-0.42	-0.02	-0.44	0.49	0.14	-0.13	-0.37	-0.12	0.05	-0.14	0.15	-0.31	-0.54		-0.21	-0.26
Property Plant And Equipment Gross	0.91	0.82	0.86	0.94	0.78	0.92	0.36	-0.4	0.91	0.92	0.54	0.85	0.86	-0.82	0.81	0.88	0.73	0.93	0.88	0.89	0.87	0.89	0.21	-0.21		0.85
Other Liab	0.84	0.75	0.87	0.86	0.61	0.81	0.3	-0.38	0.8	0.86	0.69	0.75	0.8	-0.87	0.83	0.87	0.68	0.77	0.86	0.83	0.56	0.88	0.08	-0.26	0.85

Click cells to compare fundamentals

Nike Account Relationship Matchups

Nike fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	37.7B	40.3B	37.5B	38.1B	43.8B	46.0B
Short Long Term Debt Total	9.9B	12.6B	12.1B	12.0B	13.7B	14.4B
Other Current Liab	6.1B	6.2B	5.3B	5.2B	6.0B	6.3B
Total Current Liabilities	9.7B	10.7B	9.3B	10.6B	12.2B	12.8B
Total Stockholder Equity	12.8B	15.3B	14.0B	14.4B	16.6B	17.4B
Property Plant And Equipment Net	4.9B	4.8B	8.0B	7.7B	8.9B	9.3B
Net Debt	(6.5B)	4.1B	4.7B	2.1B	2.4B	2.5B
Retained Earnings	3.2B	3.5B	1.4B	965M	1.1B	1.1B
Cash	9.9B	8.6B	7.4B	9.9B	11.3B	11.9B
Non Current Assets Total	11.4B	12.1B	12.3B	12.7B	14.6B	15.4B
Non Currrent Assets Other	3.1B	2.9B	3.8B	4.5B	5.2B	5.4B
Cash And Short Term Investments	13.5B	13.0B	10.7B	11.6B	13.3B	14.0B
Net Receivables	4.5B	4.7B	4.1B	4.4B	5.1B	5.3B
Common Stock Shares Outstanding	1.6B	1.6B	1.6B	1.5B	1.4B	1.6B
Liabilities And Stockholders Equity	37.7B	40.3B	37.5B	38.1B	43.8B	46.0B
Non Current Liabilities Total	15.3B	14.3B	14.3B	13.1B	15.1B	15.8B
Inventory	6.9B	8.4B	8.5B	7.5B	8.6B	9.1B
Other Current Assets	1.5B	2.1B	1.9B	1.9B	2.1B	2.2B
Other Stockholder Equity	10.0B	11.5B	12.4B	13.4B	15.4B	16.2B
Total Liab	25.0B	25.0B	23.5B	23.7B	27.2B	28.6B
Total Current Assets	26.3B	28.2B	25.2B	25.4B	29.2B	30.6B
Short Term Debt	469M	930M	856M	2.0B	2.3B	2.4B
Accounts Payable	2.8B	3.4B	2.9B	2.9B	3.3B	3.4B
Intangible Assets	274M	269M	286M	259M	297.9M	375.6M
Good Will	242M	284M	281M	240M	216M	217.1M
Property Plant And Equipment Gross	10.1B	10.1B	8.0B	13.6B	15.7B	16.5B
Accumulated Other Comprehensive Income	231M	(56M)	(380M)	53M	61.0M	64.0M
Other Liab	3.0B	2.7B	3.0B	2.6B	3.0B	3.2B
Other Assets	2.3B	2.9B	3.8B	3.8B	4.3B	4.6B
Long Term Debt	9.4B	8.9B	8.9B	7.9B	9.1B	9.5B
Property Plant Equipment	4.9B	8.0B	4.8B	8.0B	9.2B	9.7B
Accumulated Depreciation	4.7B	4.8B	5.2B	5.3B	6.1B	3.2B
Short Term Investments	3.6B	4.4B	3.2B	1.7B	2.0B	2.0B
Net Tangible Assets	10.5B	12.3B	14.7B	16.2B	18.7B	12.4B
Retained Earnings Total Equity	(191M)	3.2B	3.5B	1.4B	1.2B	1.2B
Long Term Debt Total	9.4B	9.4B	8.9B	8.9B	10.3B	10.8B
Capital Surpluse	8.3B	10.0B	11.5B	12.4B	14.3B	8.0B

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Nike Income Before Tax vs Total Revenue Analysis

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Total Revenue

Nike fundamental ratios Correlations

Nike Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nike fundamental ratios Accounts

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Total Current Assets	+ 1.0	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Liabilities Total
Total Current Liabilities	+ 0.98	Total Assets
Inventory	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total

Accounts Payable	- 0.91	Common Stock Shares Outstanding
Inventory	- 0.88	Common Stock Shares Outstanding
Other Liab	- 0.87	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.87	Net Receivables
Total Current Assets	- 0.85	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.85	Total Current Liabilities