NetApp Inc (NTAP)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,507,000 | 6,518,000 | 6,466,000 | 6,514,000 | 6,409,000 | 6,304,000 | 6,130,000 | 5,957,000 | 5,976,000 | 5,994,000 | 6,088,000 | 6,182,000 | 6,264,000 | 6,345,000 | 6,411,000 | 6,475,000 | 6,494,000 | 6,510,000 | 6,532,000 | 6,553,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 604,000 | — | 607,000 | — | 623,000 | 911,000 | 641,000 | 650,000 | 650,000 | 667,000 | 667,000 | 661,000 | 661,000 | 622,000 | 622,000 | 602,000 |
| Fixed asset turnover | — | — | — | — | 10.61 | — | 10.10 | — | 9.59 | 6.58 | 9.50 | 9.51 | 9.64 | 9.51 | 9.61 | 9.80 | 9.82 | 10.47 | 10.50 | 10.89 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,507,000K ÷ $—K
= —
NetApp Inc's fixed asset turnover ratio has shown some fluctuations over the periods outlined in the data. The fixed asset turnover ratio indicates how well the company is utilizing its fixed assets to generate revenue.
The trend in the fixed asset turnover ratio for NetApp Inc indicates that the company was able to generate $10.89 of revenue for every dollar invested in fixed assets as of April 30, 2022. This high ratio suggests that NetApp Inc efficiently utilizes its fixed assets to generate sales.
Subsequently, the ratio experienced a slight decline, reaching $9.51 on January 31, 2023. This could imply either a decrease in sales generated by fixed assets or an increase in the value of fixed assets on the balance sheet.
The ratio then fluctuated between 9.50 and 10.61 until April 26, 2024. However, from July 31, 2023, to January 31, 2025, certain data points are missing in the dataset, possibly due to data unavailability or changes in reporting practices.
Overall, NetApp Inc's fixed asset turnover ratio indicates the company's efficiency in utilizing its fixed assets to generate revenue, albeit with some fluctuations observed over the periods provided in the data.
Peer comparison
Jan 31, 2025