$Nike (NKE.US)$ see chatgpt analysis for Nike 2nd Q 2024 cas...
$Nike(NKE.US$ see chatgpt analysis for Nike 2nd Q 2024 cash flow, dun look so good===>To analyze Nike's cash flow for Q2 2024, let's look at the key components: operating cash flow, investing cash flow, and financing cash flow.
### Operating Cash Flow
- **Cash Flow from Continuing Operating Activities**: $2.06 billion, down by 7.67% YoY.
- **Net Income from Continuing Operations**: $1.17 billion, down by 5.48% YoY.
- **Depreciation and Amortization**: $270 million, up by 87.50% YoY.
- **Change in Working Capital**: $576 million, down by 27.27% YoY.
### Investing Cash Flow
- **Cash Flow from Continuing Investing Activities**: $309 million, up by 93.13% YoY.
- **Net PPE Purchase and Sale**: -$141 million, up by 29.50% YoY.
- **Net Investment Purchase and Sale**: $449 million, up by 27.56% YoY.
### Financing Cash Flow
- **Cash Flow from Continuing Financing Activities**: -$1.32 billion, up by 32.29% YoY.
- **Net Common Stock Issuance**: -$883 million, up by 43.07% YoY.
- **Cash Dividends Paid**: -$562 million, down by 6.44% YoY.
### Summary and Conclusion
#### Positive Indicators:
- **Increase in Investing Cash Flow**: Indicates better returns from investments and effective asset management.
- **Decrease in Cash Dividends Paid**: Reflects better cash retention.
#### Concerns:
- **Decrease in Operating Cash Flow**: Though still positive, a decline in operating cash flow can signal issues with core business efficiency.
- **Significant Outflow in Financing Activities**: High outflows in financing activities, especially with stock issuance and dividends, could indicate higher returns to shareholders at the expense of retaining cash for operations.
#### Overall Financial Health:
Nike's Q2 2024 cash flow statement reveals mixed results. The decrease in operating cash flow suggests some challenges in operational efficiency, though it remains positive. The strong increase in investing cash flow indicates robust returns on investments, which is a positive sign. However, the high outflows in financing activities raise concerns about the company's approach to shareholder returns versus retaining cash for operational needs.
Overall, Nike's cash flow situation for Q2 2024 appears stable but with areas needing attention, particularly in improving operating cash flows and balancing financing activities to ensure long-term sustainability.
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Itscompleteshit : You follow chatGPT to stock staring then you die. Sure bankrupt
103509899 OP : Moomoo sg still maintain " Buy" ranking for this stock
Itscompleteshit 103509899 OP : Just buy bro. This is not a meme stock. Way better than many stocks in the stock market. And their loyal customers. I m also Nike fan in a way
103509899 OP : Just buy bro. This is not a meme stock. Way better than many stocks in the stock market. And their loyal customers. I m also Nike fan in a way===> dun buy yet wait until to see 1 or 2 rebound green candles n RSI >30. I hv ever encountered the big drop share can last for 3 days, where i got burnt badly, end up i got to keep on buying the lower price stock to compensate the loses, then finally i managed to get a + return but i hv to cough up mys CPF OA saving
Bear with Me : If you use ChatGPT to make stock trading decisions, good luck.