NetApp Inc (NTAP)
Fixed asset turnover
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,268,000 | 6,204,000 | 6,362,000 | 6,295,000 | 6,318,000 |
| Property, plant and equipment | US$ in thousands | — | 604,000 | 650,000 | 650,000 | 602,000 |
| Fixed asset turnover | — | 10.27 | 9.79 | 9.68 | 10.50 |
April 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,268,000K ÷ $—K
= —
NetApp Inc's fixed asset turnover ratio has fluctuated over the analyzed period. It stood at 10.50 in April 2022, decreased to 9.68 by April 2023, and then slightly increased to 9.79 by April 2023. The ratio further improved to 10.27 by April 2024. However, there is missing data for April 30, 2024, indicated by a dash. Overall, the trend suggests that NetApp Inc has been effectively utilizing its fixed assets to generate sales, with a general positive trajectory observed over the period.
Peer comparison
Apr 30, 2024
Company name
Symbol
Fixed asset turnover
NetApp Inc
NTAP
—
Pure Storage Inc
PSTG
—
Seagate Technology PLC
STX
3.84
Western Digital Corporation
WDC
4.13