Preview

Nike vs Adidas

Powerful Essays
Open Document
Open Document
1590 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Nike vs Adidas
MANAJEMEN KEUANGAN

Analisis Rasio Keuangan antara
Nike Inc. dan Adidas Group

Anggota Kelompok : Herlina 1011031008 Fina Nidaul Mufiddah 1011031048 Maria Ansela Handayani 1011031062 Novia Niki Pertiwi 1011031070 Tiaraku Oktia 1011031082

S1 AKUNTANSI
FAKULTAS EKONOMI
UNIVERSITAS LAMPUNG
2011/2012

NIKE, Inc.
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED FEBRUARY 28, 2010
(In millions, except per share data)

INCOME STATEMENT 02/28/2010 02/28/2009 02/28/2008 02/28/2007 Revenues $ 13,937.1 $14,463.1 $ 18,627.0 $ 16,325.9 Cost of sales 7,542.9 7,902.5 10,239.6 9,165.4 Gross margin 6,394.2 6,560.6 8,387.4 7,160.5 Selling and adm. expense 4,588.5 4,755.3 5,953.7 5,028.7 Goodwill impairment 0.0 199.3 Intangible & other asset impairment 0.0 202.0 Interest Income 77.1 67.2 Other (income), net (32.2) (54.1) (7.9) 0.9 Interest expense (income), net 3.8 (12.1) Income before income taxes 1,834.1 1,470.2 2,502.9 2,199.9 Income tax expense (benefit) 449.3 324.9 619.5 708.4 Net income $ 1,384.8 $ 1,145.3 $ 1,883.4 $ 1,491.5 Diluted EPS $ 2.81 $ 2.33 $ 3.74 $ 2.93 Basic EPS $ 2.85 $ 2.36 $ 3.80 $ 2.96 Weighted Average Common Shares Outstanding: Diluted 493.3 491.2 504.1 509.9 Basic 485.8 485.0 495.6 503.8 Dividends declared $ 0.27 $ 0.25 $ 0.79 $ 0.73

NIKE, Inc. BALANCE SHEET 02/28/2010 02/28/2009 02/28/2008 02/28/2007 (In Millions) ASSETS Current assets:

You May Also Find These Documents Helpful

  • Better Essays

    Jacobsen vs Nike

    • 1484 Words
    • 6 Pages

    The employer, through its representative, supplied the workers with food and considerable amounts of beer.…

    • 1484 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Berrys Bug Blaster

    • 261 Words
    • 2 Pages

    Liabilities | | | | Current Liabilities | | | Accrued Payroll Taxes | $36,007.33 | | Accounts Payable | $270,798.38 | | Total Current Liabilities | $306,805.71 | | | Long-Term Liabilities | $0.00 | | | Total Liabilites | $306,805.71 | | | | Stockholders Equity | | | Common Stock (1,000,000 authorized shares at $1 par) | $70,000.00 | |…

    • 261 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    mark kasky vs nike

    • 1211 Words
    • 5 Pages

    1. What responsibility does Nike have for conditions of work at foreign factories making its products?…

    • 1211 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Jordans vs. Nikes

    • 701 Words
    • 3 Pages

    Poem - The poem consists of three stanzas and it is formed on quatrains. In the first stanza the black man talks about the fear that he would not have a good harvest because the wind or birds could take the seed away. Actually the action of “planting” is metaphorical and means that this black man has fears for the future, which seems disappointing to him. That is he “plants” his labor for a better future. In the second stanza the man says that even though he had enough seeds planted in rows from Canada to Mexico his harvest was still poor.... [tags: essays research papers]…

    • 701 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Although it appears that Nike has some inventory management problems, they are clearly growing their net income year over year. From the company perspective, they are effectively leveraging their assets to yield favorable increases in profit year over year, but from the stockholder’s perspective, they are effective leveraging their equity. This shows that although competition increases in the market, Nike’s brand remains relevant and desired within its primary markets. Nike can leverage their brand recognition, liquid capital, and their room for additional risk to focus on their e-commerce platforms, emerging markets, and women’s product…

    • 753 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Both companies are able to pay their current liabilities. • This test shows that Nike is more financially stable and Under Armour lost its lead based on this test.• Another conclusion that can be based on this test is that Under Armour`s current assets are more dependent on inventory than Nike`s current assets. Nike continues its lead based on this test.…

    • 1175 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    UA has significantly less debt than Nike as evidenced by UA's 35.5% debt-to-asset ratio as compared to Nike's 41.8% debt-to-asset ratio. Even though there is a big difference in this number, Nike can cover its interest expense 111.5 times with income before interest and taxes, while UA can only cover its interest expense 66.3 times with their income before interest and taxes. So even though UA has less debt, Nike has the advantage when it comes to paying those debts.…

    • 158 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Nike Vs Under Armour

    • 266 Words
    • 2 Pages

    The news article follows my stock corporation, Under Armour (UA). A few weeks ago, NBA player Stephen Curry, won the NBA MVP award of 2016. Curry, who plays for the Golden State Warriors, has an endorsement deal with Under Armour. Thus, this recent news has caused some competition between Under Armour and Nike. Nike shares closed up 0.8% in the stock market today and Under Armour added 1%. Nike is known to be a top developer, distributor, and marketer for apparel and accessories for all ages. Under Armour also similarly the same. Since the Curry award, Under Armour, a once smaller competitor, is now looking to be a top competitor thanks to Curry. Others speculate that this small difference is not permanent. That it is nothing to be worried…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Adidas History 1

    • 1845 Words
    • 7 Pages

    Adidas was founded in 1924 in Germany by two bothers Adi and Rudolf Dassler. The company was first named Dassler shoes and later became Adidas. By the Dassler shoes being seen in the Olympics this really helped the company get its name known. However, in 1948 Rudolf Dassler leaves to start his own company which is now known as Puma. Once Rudolf left his brother came up with the famous three stripes logo and changed the name to Adidas. The 3 stripes were created to keep the foot stable, but ended up being the logo. Throughout the years Adidas was seen in the Olympics, and it was the leading brand making their shoes highly sought after by Olympic athletes. In 1978, Adi Dassler passed at age 78 and his wife Kathe ran the company. Six years later Kathe passed and the company was left for their son Horst Dassler to run, and three years later Horst passed at age 51. After Horst’s death Adidas ran into some major financial problems, and later Bernard Tapie comes to make an attempt to save the company.…

    • 1845 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Nike vs. Adidas

    • 811 Words
    • 4 Pages

    Many have debated whether President Truman may or may not have committed crimes against humanity by deciding to drop the atomic bomb on Japan. Some would say it was unnecessary and uncalled for and others would say it was totally necessary and called for. President Truman did commit crimes against humanity by dropping bombs on Japan. President Truman’s crime can be described as three steps--his reasoning for the dropping of the bombs, the explanation for why what he did was such a crime, and the effects his crime had on Japan.…

    • 811 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The Brand Nike

    • 537 Words
    • 3 Pages

    When people hear the name Nike they think of great footwear, quality apparel and top of the line athletic merchandise. People wear the Nike swooshes with pride, thinking what they are wearing will improve their own personal athletic goals, or simply boost their self-confidence. People also purchase the Nike brand because they relate it with so many of the athletes who Nike endorses. People like LeBron James, Tiger Woods, Maria Sharapova, and Michael Jordan. These athletes wearing the Nike sign, was what really got the consumers to buy brand name items. But, most people don’t know where the brand Nike originated from.…

    • 537 Words
    • 3 Pages
    Better Essays
  • Satisfactory Essays

    Cafes Monte Bianco Case

    • 722 Words
    • 8 Pages

    Café Monte Bianco (CMB) has the hard decision of determining their next strategy. They are faced with a decision to either continue with their current mix of private and premium coffees or switch to a lower cost all private brand coffee. Giacomo is concerned about the perception of the company if they were to switch to all private brands, however, if it is in the best interest of the company to do so he is willing to explore that route. Since they are growing rapidly they need to determine which strategy is best. There are benefits and drawbacks to both scenarios. Taking on the private brands only would create a demand that can be consistent, full capacity can be utilized, inventory can be maintained, and there are significant cost reductions. However, the cash flow is damaging due to a delay of payment from retailers, and the margins on the products are much lower than the premium brand.…

    • 722 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Nike

    • 404 Words
    • 2 Pages

    Nike is the leading company when it comes to athletic apparel and footwear. It has done so by implementing an aggressive marketing strategy and maintained its hold on its market share…

    • 404 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Nike

    • 2888 Words
    • 12 Pages

    Bill Bowerman and Phil Knight founded Nike Inc. as Blue Ribbon Sports in 1962 with a handshake. The two man team began the company with a combined investment of $500 each. They reached an agreement with a Japanese manufacturer of athletic shoes, forming BRS/Tiger shoes. Phil Knight started this company selling shoes from the trunk of his car. As the empire grew, the two man team developed the idea to cut overheard. In 1972, BRS and Onitsuka Tiger went different ways and thus Nike was born. "The first shoe was a soccer shoe that bore the Nike brand name, referring to the Greek Goddess of Victory, and the "Swoosh" trademark. A student designed the Swoosh trademark for a fee of $35" [Nikebiz. (2006). Nikebiz [The Inside Story].…

    • 2888 Words
    • 12 Pages
    Better Essays
  • Satisfactory Essays

    Nike

    • 400 Words
    • 2 Pages

    Reference groups are the most important groups to marketers since they affect behavior and purchasing (Rice, 1997).Value-expressive influence is one form of reference group influence (Solomon , Bamossy , Askegaard and Hogg,2006) in which “The individual sometimes feels that it would be nice to be like the type of person that advertisements show using a particular brand”.(Solomon, Bamossy, Askegaard and Hogg,2006 p.351).Following this rule, Nike provided an opportunity on its NikeWomen website for the young athlete women to be a Nike Field Reporter.The new service ,THE GIG, allows the young people to register online for the position.Although it seems the company tries to involve a few young athletes, more than that they tries to influence its target group, young women, by reference group.Whoever they choose as a reporter to interview the world’s top athletes, they make a video from her athletic lifestyle and add it in her profile on NikeWomen.com (NikeWomen,2008).Recently, Nike has got the 23 years old Meghan Brennan as the Nike Field Reporter (NikeWomen,2008). They know that if the young people admire the qualities of Meghan then they would imitate those qualities by copying her behaviour in terms of her choices for athletic footwear and apparel (Solomon, Bamossy , Askegaard and Hogg,2006).So, Meghan has been shown in the video as a strong and responsible girl who has got a lot of energy and wanted to be the best (NikeWomen,2008).Nike knows information is exchanged by observational learning among young people (Antonides and Raaij, 1998) and they show Meghan while she is swimming and playing Soccer in Nike’s clothes and trainers (NikeWomen,2008).She says in the video that she taught her discipline from Swimming and being tough from Soccer (NikeWomen,2008). With the knowledge of existing a tendency among the youth to conform to Meghan’s norms (Antonides and Raaij, 1998) it seems Nike has…

    • 400 Words
    • 2 Pages
    Satisfactory Essays