NetApp Inc (NTAP)
Fixed asset turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,572,000 | 6,268,000 | 6,204,000 | 6,362,000 | 6,295,000 |
| Property, plant and equipment | US$ in thousands | — | — | 604,000 | 650,000 | 650,000 |
| Fixed asset turnover | — | — | 10.27 | 9.79 | 9.68 |
April 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,572,000K ÷ $—K
= —
NetApp Inc's fixed asset turnover ratio has shown a generally increasing trend over the years, indicating improved efficiency in generating sales from its fixed assets. The ratio increased from 9.68 in April 28, 2023, to 9.79 in April 30, 2023, and further to 10.27 in April 26, 2024. This signifies that the company was able to generate $10.27 in sales for every dollar invested in fixed assets by April 26, 2024. However, there is missing data for the subsequent years, April 30, 2024, and April 30, 2025, which makes it challenging to assess the ongoing trend accurately. Overall, an increasing fixed asset turnover ratio suggests that NetApp Inc has been effectively utilizing its fixed assets to drive revenue generation, reflecting positively on its operational efficiency and asset management.
Peer comparison
Apr 30, 2025