Essay About Financial Ratios And Simple Analysis Of The Financial Statements Of Adidas

Compare the Financial Ratios Between Nike and Adidas Financial Report
Essay Preview: Compare the Financial Ratios Between Nike and Adidas Financial Report
Report this essay
The aim of this paper is to briefly cover a comparative analysis of two giant sportswear manufacturers in the world, Nike and Adidas. It should be noted that Nike and Adidas, both are undoubtedly the most successful and recognized sports brands. DiscussionUpon simple analysis of the financial statements of Adidas and Nike, users can identify the prominent differences between the two annual statements. The major reason for these differences can be attributed to the fact that Nike complies with the Generally Accepted Accounting Principles (GAAP) accounting standards and practices, set forth by the New York Stock Exchange. On the other hand, Adidas is a registered public company on the Frankfurt stock exchange and hence complies with the Financial reporting standards (IFRS).The fiscal year truncates for Nike at May 31st and for Adidas the end of the year is marked as December 31st. Nike statement is in dollars and Adidas in euros.Nike, Inc is an American multinational corporation that is engaged in the design, development, manufacturing, worldwide marketing of footwear, apparel, accessories and services. Nike is headquartered in Beaverton, Oregon and was founded in 1964 by Phil Knight and Bill Bowerman. includes Nike, Converse, Hurley and Jordans. Mission statement: Bring innovation to every athlete* in the world, *if you have a body you are an athlete