NetApp Inc (NTAP)
Inventory turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,959,000 | 1,835,000 | 4,280,000 | 2,153,000 | 4,636,000 |
| Inventory | US$ in thousands | 186,000 | 186,000 | 186,000 | 167,000 | 167,000 |
| Inventory turnover | 10.53 | 9.87 | 23.01 | 12.89 | 27.76 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,959,000K ÷ $186,000K
= 10.53
The inventory turnover ratio for NetApp Inc has shown fluctuations over the years, indicating changes in the efficiency of managing its inventory.
In April 2023, the inventory turnover stood at 27.76 times, indicating that the company sold and replaced its inventory almost 28 times during the year. This high turnover suggests effective inventory management and efficient sales practices.
However, there was a significant drop in inventory turnover to 12.89 times by April 2023, suggesting that NetApp might have experienced challenges in selling its inventory efficiently.
In April 2024, the inventory turnover ratio improved to 23.01 times, indicating a positive trend in managing inventory. However, by the end of April 2024, the ratio decreased drastically to 9.87 times, indicating potential overstocking or slowing sales.
As of April 30, 2025, the inventory turnover ratio increased slightly to 10.53 times, still below the levels seen in earlier years. NetApp may need to focus on optimizing inventory levels to improve efficiency and profitability.
Overall, NetApp's inventory turnover has varied significantly over the period analyzed, reflecting fluctuations in sales and inventory management practices. The company should continue to monitor and improve its inventory turnover to enhance operational efficiency and financial performance.
Peer comparison
Apr 30, 2025