NetApp Inc (NTAP)
Receivables turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,572,000 | 6,268,000 | 6,204,000 | 6,362,000 | 6,295,000 |
| Receivables | US$ in thousands | 1,246,000 | 1,007,000 | 1,007,000 | 987,000 | 987,000 |
| Receivables turnover | 5.27 | 6.22 | 6.16 | 6.45 | 6.38 |
April 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,572,000K ÷ $1,246,000K
= 5.27
NetApp Inc's receivables turnover ratio measures the efficiency of the company in collecting outstanding receivables from its customers.
Based on the data provided, the receivables turnover ratio for NetApp Inc has shown a slight fluctuation over the years. In April 2023, the ratio was 6.38, which increased to 6.45 in the following month. However, in April 2024, the ratio decreased to 6.16 but then slightly improved to 6.22 by the end of the same year.
The most recent data for April 30, 2025, shows a receivables turnover ratio of 5.27, indicating a decrease in the speed of receivables collection compared to previous periods.
Overall, NetApp Inc's receivables turnover ratio has demonstrated a relatively stable performance, albeit with some variations. It is essential for the company to continue monitoring this ratio to ensure efficient management of its accounts receivable and maintain a healthy cash flow position.
Peer comparison
Apr 30, 2025