NetApp Inc (NTAP)
Receivables turnover
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,204,000 | 6,117,000 | 6,038,000 | 6,137,000 | 6,295,000 | 6,392,000 | 6,477,000 | 6,379,000 | 6,245,000 | 6,119,000 | 5,975,000 | 5,825,000 | 5,670,000 | 5,521,000 | 5,460,000 | 5,421,000 | 5,357,000 | 5,548,000 | 5,705,000 | 5,849,000 |
| Receivables | US$ in thousands | 1,007,000 | 787,000 | 787,000 | 653,000 | 987,000 | 821,000 | 910,000 | 865,000 | 1,230,000 | 799,000 | 647,000 | 655,000 | 945,000 | 799,000 | 796,000 | 604,000 | 973,000 | 821,000 | 780,000 | 542,000 |
| Receivables turnover | 6.16 | 7.77 | 7.67 | 9.40 | 6.38 | 7.79 | 7.12 | 7.37 | 5.08 | 7.66 | 9.23 | 8.89 | 6.00 | 6.91 | 6.86 | 8.98 | 5.51 | 6.76 | 7.31 | 10.79 |
April 26, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,204,000K ÷ $1,007,000K
= 6.16
The receivables turnover ratio for NetApp Inc has fluctuated over the past 20 quarters, ranging from a low of 5.08 to a high of 10.79. This ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio indicates that the company is collecting its receivables more quickly.
On average, NetApp Inc has a receivables turnover ratio of approximately 7.41 over the period analyzed. The company's ability to convert receivables into cash has shown some variability, with peaks and troughs observed throughout the quarters.
The trend in NetApp Inc's receivables turnover ratio suggests that the company has been managing its accounts receivable effectively, with periods of more efficient collection followed by slight declines in efficiency. It is important for investors and analysts to continue monitoring this ratio to assess the company's liquidity and operational effectiveness in managing its receivables.
Peer comparison
Apr 26, 2024