NetApp Inc (NTAP)
Inventory turnover
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,959,000 | 1,918,000 | 2,517,000 | 2,491,000 | 3,053,000 | 3,007,000 | 2,922,000 | 2,903,000 | 2,969,000 | 3,023,000 | 3,108,000 | 3,197,000 | 3,267,000 | 3,337,000 | 3,397,000 | 3,418,000 | 3,432,000 | 3,451,000 | 3,499,000 | 3,494,000 |
| Inventory | US$ in thousands | 186,000 | 268,000 | 317,000 | 214,000 | 186,000 | 186,000 | 131,000 | 131,000 | 122,000 | 122,000 | 131,000 | 131,000 | 167,000 | 167,000 | 175,000 | 175,000 | 244,000 | 244,000 | 232,000 | 232,000 |
| Inventory turnover | 10.53 | 7.16 | 7.94 | 11.64 | 16.41 | 16.17 | 22.31 | 22.16 | 24.34 | 24.78 | 23.73 | 24.40 | 19.56 | 19.98 | 19.41 | 19.53 | 14.07 | 14.14 | 15.08 | 15.06 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,959,000K ÷ $186,000K
= 10.53
The inventory turnover ratio indicates how efficiently a company is managing its inventory by measuring the number of times inventory is sold and replaced within a specific period. A higher turnover ratio generally indicates better inventory management.
Looking at the data provided for NetApp Inc, we can see that the inventory turnover ratio fluctuated over the periods mentioned. The ratio ranged from a low of 7.16 in January 31, 2025, to a high of 24.78 in October 27, 2023.
The trend in the inventory turnover ratio shows some variability, with periods of higher turnover followed by lower turnover. It appears that the company experienced a significant increase in inventory turnover from July 28, 2023, to October 31, 2023, reaching its peak during that period.
The overall trend in the inventory turnover ratio for NetApp Inc suggests that the company has been able to efficiently manage its inventory during most of the periods, with turnover ratios generally above 15. However, there are fluctuations in the ratios, indicating potential changes in inventory management practices or market conditions impacting inventory turnover.
It is important for NetApp Inc to monitor and analyze its inventory turnover ratios consistently to ensure optimal inventory management practices and efficient use of resources. This analysis can help the company identify areas for improvement and make informed decisions to enhance overall operational efficiency and financial performance.
Peer comparison
Apr 30, 2025
Apr 30, 2025