2021 2022

Total Assets 37,740,000 40,321,000

Current Assets 26,291,000 28,213,000
Cash, Cash Equivalents & Short Term Invest 13,476,000 12,997,000
Cash And Cash Equivalents 9,889,000 8,574,000
Other Short Term Investments 3,587,000 4,423,000
Receivables 4,463,000 4,667,000
Inventory 6,854,000 8,420,000
Prepaid Assets 1,498,000 2,129,000
Other Current Assets 1,498,000 2,129,000
Total non-current assets 11,449,000 12,108,000
Net PPE 8,017,000 7,717,000
Goodwill And Other Intangible Assets 511,000 570,000
Non Current Deferred Assets 2,921,000 3,821,000
Other Non Current Assets 2,921,000 3,821,000
Total Liabilities Net Minority Interest 24,973,000 25,040,000
Current Liabilities 9,674,000 10,730,000
Payables And Accrued Expenses 6,298,000 6,595,000
Current Provisions 1,435,000 1,412,000
Pension & Other Post Retirement Benefit Pl 1,472,000 1,793,000
Current Debt And Capital Lease Obligation 469,000 930,000
Other Current Liabilities - -
Total Non Current Liabilities Net Minority 15,299,000 14,310,000
Long Term Debt And Capital Lease Obligati 12,344,000 11,697,000
Non Current Deferred Liabilities 2,955,000 2,613,000
Derivative Product Liabilities 9,413,000 -
Preferred Securities Outside Stock Equity 0 0
Other Non Current Liabilities 2,955,000 2,613,000
Total Equity Gross Minority Interest 12,767,000 15,281,000
Stockholders' Equity 12,767,000 15,281,000
Total Capitalization 22,180,000 24,201,000
Common Stock Equity 12,767,000 15,281,000
Capital Lease Obligations 3,398,000 3,197,000
Net Tangible Assets 12,256,000 14,711,000
Working Capital 16,617,000 17,483,000
Invested Capital 22,182,000 24,711,000
Tangible Book Value 12,256,000 14,711,000
Total Debt 12,813,000 12,627,000
Net Debt - 856,000
Share Issued 1,578,000 1,571,000
Ordinary Shares Number 1,578,000 1,571,000
 2023 average
37,531,000 38,530,667
25,202,000
10,675,000
7,441,000
3,234,000
4,131,000
8,454,000
-
1,942,000
12,329,000
8,004,000
555,000
-
3,770,000
23,527,000
9,256,000
5,542,000
994,000
2,289,000
431,000
-
14,271,000
11,713,000
-
-
0
2,558,000
14,004,000
14,004,000 14,017,333
22,931,000
14,004,000
3,211,000
13,449,000
15,946,000
22,937,000
13,449,000
12,144,000
1,492,000
1,532,000
1,532,000
 2021 2022 2023
Total Revenue 44,538,000 46,710,000 51,217,000
Cost of Revenue 24,576,000 25,231,000 28,925,000
Gross Profit 19,962,000 21,479,000 22,292,000
Operating Expense 37,307,000 40,035,000 45,302,000
Operating Income 7,231,000 6,675,000 5,915,000
Net Income Before Taxes 6,661,000 6,651,000 6,201,000
Net Income After Taxes 5,727,000 6,046,000 5,070,000
Net Income Before Extraordinary Items 5,727,000 6,046,000 5,070,000
Net Income 5,727,000 6,046,000 5,070,000
Income Available to Common Excluding Extraord 5,727,000 6,046,000 5,070,000
Basic EPS 3.64 3.83 3.27
Diluted EPS 3.56 3.75 3.23
Basic Average Shares 1,573,000 1,578,800 1,551,600
Diluted Average Shares 1,609,400 1,610,800 1,569,800
Total Expenses 37,601,000 40,035,000 45,302,000
5,727,000
Net Income from Continuing & Discontinued Operation 6,046,000 5,070,000
Normalized Income 5,727,000 6,046,000 5,070,000
Net Interest Income -262,000 -205,000 6,000
EBIT 6,937,000 6,675,000 5,915,000
EBITDA 7,734,000 7,515,000 6,774,000
Reconciled Cost of Revenue 24,576,000 25,231,000 28,925,000
Reconciled Depreciation 797,000 840,000 859,000
Net Income from Continuing Operation Net Minority5,727,000
Interest 6,046,000 5,070,000
Normalized EBITDA 7,734,000 7,515,000 6,774,000
Tax Rate for Calcs 0 0 0
Tax Effect of Unusual Items 0 0 0
 2021 2022
ROA 0.14863485362 0.15691397329
ROE 0.40856558547 0.43132312375

Financial leverage 2.74878721583

 2023
0.13158350059
0.36169504423
 2021 2022 2023
RNOA 9.422 10.710 11.086
2021 2022 2023
Times interst earned -24.42 -31.44 1,035

Compare
2022/2021 2023/2022
2021 2022 2023
r % r
RNOA 9.442 10.71 11.086 1.258 13.4% 0.35
NOPAT 58.136 66.082 68.403 7.946 13.7% 1.961
NOA 4.029 7.861 6.621 3.832 95.1% -1.24
Average NOA 6.170333333
Time interested -24.42 -31.44 1.035 -7.02 28.7% 30.405

Nike Ratios
80

60

40

20

0
r % r %
2021 2022 2023 2022/2021 2023/2022

-20

-40
RNOA NOPAT NOA Average NOA Time interested
 2021 2022 2023 average
NOPAT 58,136,000 66,082,000 68,403,000
NOA 4,029,000 7,861,000 6,621,000 6170333

2023/2022
%
3.51%
4%
-15.77%

-103.29%

%
2023/2022
 Profitability 2021

GROSS PROFIT MARGIN Gross profit / Sale( net income) 3.486

(Net revernue= net income= renue)

6.514
Operating Expense margin Net Operating Expense/ Sale(Net income)

Profit margin Earning before tax/ Net income 1.163

Profitability
1.223
2023 8.935
4.397

1.100
2022 6.662
3.553

1.163
2021 6.514
3.486

0 1 2 3 4 5 6 7 8 9 10

Profit margin Operating Expense Margin Gross profit margin

 2022 2023
3.553 4.397

6.622 8.935

1.100 1.223

2021 2022 2023

Gross profit margin
3.486 3.553 4.397
8.935
Operating Expense
Margin
6.514 6.662 8.935
6.662

Profit margin
1.163 1.100 1.223
6.514

7 8 9 10

Gross profit margin

 2021 2022 2023 2022/2021 2023/2022
r % r %
Total 2,581,000 6.838897721251 -2,790,000 -6.91947124327
assets 37,740,000 40,321,000 37,531,000
Current 26,291,000 1,922,000 0.073104864783 -3,011,000 -10.6723850707
assets 28,213,000 25,202,000
long-term 659,000 0.057559612193 221,000 1.825239511067
assets 11,449,000 12,108,000 12,329,000
total 0 0 -1,446,000 -5.79025347375
liabilities 24,973,000 24,973,000 23,527,000
Current 1,056,000 0.109158569361 -1,474,000 -13.7371854613
Liabilities 9,674,000 10,730,000 9,256,000
long-term -989,000 -0.06464474802 -39,000 -0.27253668763
liabilities 15,299,000 14,310,000 14,271,000
total equity 2,514,000 0.196913918697 -1,277,000 -8.35678293305
12,767,000 15,281,000 14,004,000
Total 2,172,000 0.048767344739 4,507,000 9.648897452366
revenue 44,538,000 46,710,000 51,217,000
total 2,434,000 0.064732320949 5,267,000 13.15598851005
expense 37,601,000 40,035,000 45,302,000
Net income 319,000 0.05570106513 -976,000 -16.1429043996
5,727,000 6,046,000 5,070,000
 2021
Accounts receivable turnover 10.0757107307
Inventory turnover 3.10721510452
Accounts payable turnover 3.99934906428
Cash conversion cycle 307.925641403
PPE turnover 0.72377622378

DIO 117.46853299 114.41903479 99.806626332

DSO 281.7219603 266.85770206 318.22912558
DPO 91.264851888 88.895604613 77.54278306
 2022 2023
10.5670763894 11.5866827539
3.19002865813 3.65707181389
4.10593978845 4.70707892596
292.381132234 340.492968848
0.76409133036 0.63343328336