Nike Operating Income vs Total Operating Expenses Analysis

NKE Stock

USD 70.84 0.27 0.38%

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 Operating Income and its Total Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. 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.

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nike Inc Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Nike's Operating Income and Total Operating Expenses is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses 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 Operating Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Nike Inc are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Nike's Operating Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Operating Income

Operating Income is the amount of profit realized from Nike Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Nike Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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, which includes a position in Nike Inc. 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

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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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When determining whether Nike Inc is a strong investment it is important to analyze Nike's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nike's future performance. For an informed investment choice regarding Nike Stock, refer to the following important reports:

How To Invest In Nike

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Is Nike Stock a good investment?

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What is Nike's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. 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.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Is Textiles, Apparel & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nike. If investors know Nike will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nike listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.26)

Earnings Share

3.24

Revenue Per Share

33.122

Quarterly Revenue Growth

(0.10)

Return On Assets

0.1065

The market value of Nike Inc is measured differently than its book value, which is the value of Nike that is recorded on the company's balance sheet. Investors also form their own opinion of Nike's value that differs from its market value or its book value, called intrinsic value, which is Nike's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nike's market value can be influenced by many factors that don't directly affect Nike's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Nike's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nike is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nike's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Nike Operating Income vs Total Operating Expenses Analysis

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Operating Income

Total Operating Expenses

Nike fundamental ratios Correlations

Nike Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nike fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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