NetApp Inc (NTAP)
Fixed asset turnover
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,204,000 | 6,117,000 | 6,038,000 | 6,137,000 | 6,295,000 | 6,392,000 | 6,477,000 | 6,379,000 | 6,245,000 | 6,119,000 | 5,975,000 | 5,825,000 | 5,670,000 | 5,521,000 | 5,460,000 | 5,421,000 | 5,357,000 | 5,548,000 | 5,705,000 | 5,849,000 |
| Property, plant and equipment | US$ in thousands | 604,000 | 607,000 | 623,000 | 641,000 | 650,000 | 667,000 | 661,000 | 622,000 | 602,000 | 575,000 | 549,000 | 533,000 | 525,000 | 731,000 | 737,000 | 737,000 | 727,000 | 740,000 | 746,000 | 754,000 |
| Fixed asset turnover | 10.27 | 10.08 | 9.69 | 9.57 | 9.68 | 9.58 | 9.80 | 10.26 | 10.37 | 10.64 | 10.88 | 10.93 | 10.80 | 7.55 | 7.41 | 7.36 | 7.37 | 7.50 | 7.65 | 7.76 |
April 26, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,204,000K ÷ $604,000K
= 10.27
The fixed asset turnover ratio for NetApp Inc has been relatively stable over the past several quarters, ranging between 7.36 and 10.88. This ratio indicates the company's efficiency in generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio generally suggests that the company is effectively utilizing its fixed assets to generate sales.
In the most recent quarter (April 26, 2024), NetApp Inc's fixed asset turnover ratio was 10.27, indicating that for each dollar invested in fixed assets, the company generated $10.27 in revenue. This suggests that NetApp has been managing its fixed assets efficiently to drive sales.
Overall, the trend in NetApp's fixed asset turnover ratio indicates a consistent level of efficiency in utilizing fixed assets to generate revenue, which is a positive indicator of the company's operational performance.
Peer comparison
Apr 26, 2024