NetApp Inc (NTAP)
Inventory turnover
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,280,000 | 4,636,000 | 4,474,000 | 4,195,000 | 3,851,000 |
| Inventory | US$ in thousands | 186,000 | 167,000 | 204,000 | 114,000 | 145,000 |
| Inventory turnover | 23.01 | 27.76 | 21.93 | 36.80 | 26.56 |
April 26, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,280,000K ÷ $186,000K
= 23.01
NetApp Inc's inventory turnover has fluctuated over the past five years, indicating varying efficiency in managing its inventory levels. The company experienced a significant decrease in inventory turnover in the fiscal year ending April 29, 2022, compared to the previous year, which suggests potential challenges in the management of inventory levels. However, NetApp Inc was able to improve its inventory turnover in the subsequent year ending April 26, 2023, showing a recovery in inventory management efficiency. The most recent fiscal year ending April 26, 2024, also saw a healthy inventory turnover ratio of 23.01, indicating that the company is effectively managing its inventory relative to sales. Overall, NetApp Inc's inventory turnover ratios demonstrate some variability, but recent years show a positive trend in enhancing inventory management efficiency.
Peer comparison
Apr 26, 2024