NetApp Inc (NTAP)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 3,425,000 |
| Inventory | US$ in thousands | 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 | 204,000 |
| Inventory turnover | 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 | 16.79 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,918,000K ÷ $268,000K
= 7.16
NetApp Inc's inventory turnover ratio is a key metric used to evaluate how efficiently the company manages its inventory. The inventory turnover ratio indicates the number of times a company sells and replaces its inventory within a specific period. A higher ratio typically suggests that the company is effectively managing its inventory levels.
Based on the data provided:
- The inventory turnover ratio fluctuated over the period analyzed, ranging from a high of 24.78 times to a low of 7.16 times.
- The trend indicates some variability in inventory management efficiency.
- The inventory turnover ratio shows an increasing trend from January 27, 2023, to October 31, 2023, suggesting improved efficiency in managing inventory during that period.
- However, the ratio declined significantly from January 26, 2024, to July 31, 2024, indicating potential challenges in managing inventory during that period.
- The sharp decrease in the inventory turnover ratio from July 31, 2024, to January 31, 2025, to a low of 7.16 could indicate potential inventory management issues that need to be addressed.
Overall, NetApp Inc's inventory turnover ratio demonstrates fluctuations over time, suggesting varying levels of efficiency in managing its inventory levels. Monitoring and analyzing this ratio can provide valuable insights into the company's inventory management practices and performance.
Peer comparison
Jan 31, 2025
Jan 31, 2025