NetApp Inc (NTAP)

Days of Sales Outstanding (DSO) is a key indicator of how efficiently a company manages its accounts receivable. A lower DSO signifies that a company is collecting its receivables more quickly, which is generally seen as a positive sign.

Analyzing NetApp Inc's DSO over the past five years reveals some fluctuations in the efficiency of their accounts receivable management. In the most recent fiscal year ending on April 26, 2024, the DSO was 59.24 days, which was slightly higher compared to the previous year's DSO of 57.23 days. This slight increase may indicate a slight slowdown in the collection of receivables compared to the prior year.

Looking further back, the DSO was significantly higher in the fiscal year ending on April 29, 2022, at 71.89 days. This spike in DSO suggests that NetApp Inc took longer to collect its receivables during that period, which may have implications for their cash flow and working capital management.

In the fiscal years ending on April 30, 2021, and April 24, 2020, the DSO stood at 60.83 days and 66.30 days, respectively. These figures show some fluctuations in the efficiency of NetApp Inc's accounts receivable management during those periods.

Overall, NetApp Inc's DSO has shown some variability over the past five years. Investors and analysts may want to monitor future DSO trends to assess how effectively the company is managing its accounts receivable and optimizing its cash flow.

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Apr 26, 2024