NetApp Inc (NTAP)
Fixed asset turnover
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,204,000 | 6,295,000 | 6,245,000 | 5,670,000 | 5,357,000 |
| Property, plant and equipment | US$ in thousands | 604,000 | 650,000 | 602,000 | 525,000 | 727,000 |
| Fixed asset turnover | 10.27 | 9.68 | 10.37 | 10.80 | 7.37 |
April 26, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,204,000K ÷ $604,000K
= 10.27
NetApp Inc's fixed asset turnover ratio has exhibited fluctuations over the past five years. The ratio was highest in April 2021 at 10.80, indicating that the company generated $10.80 in revenue for every dollar invested in fixed assets during that period. The ratio slightly decreased in the following year to 9.68 before rising again to 10.27 in April 2024.
These fluctuations suggest that NetApp Inc's efficiency in utilizing its fixed assets to generate revenue has varied over the years. Despite the slight fluctuations, the company has maintained a relatively high fixed asset turnover ratio, indicating efficient asset utilization. It is important for NetApp Inc to continue monitoring and managing its fixed asset turnover to ensure optimal utilization and sustainable financial performance.
Peer comparison
Apr 26, 2024