NetApp Inc (NTAP)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,507,000 | 6,518,000 | 6,466,000 | 6,514,000 | 6,409,000 | 6,304,000 | 6,130,000 | 5,957,000 | 5,976,000 | 5,994,000 | 6,088,000 | 6,182,000 | 6,264,000 | 6,345,000 | 6,411,000 | 6,475,000 | 6,494,000 | 6,510,000 | 6,532,000 | 6,553,000 |
| Receivables | US$ in thousands | — | — | — | — | 1,007,000 | — | 787,000 | — | 787,000 | — | 653,000 | — | 987,000 | — | 821,000 | — | 910,000 | — | 865,000 | — |
| Receivables turnover | — | — | — | — | 6.36 | — | 7.79 | — | 7.59 | — | 9.32 | — | 6.35 | — | 7.81 | — | 7.14 | — | 7.55 | — |
January 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,507,000K ÷ $—K
= —
The receivables turnover ratio for NetApp Inc has shown some fluctuations over the past few quarters. The ratio indicates how efficiently the company is able to collect on its accounts receivable during a given period.
In the most recent available data, as of January 26, 2024, NetApp Inc had a receivables turnover ratio of 7.79. This means that, on average, the company collected its accounts receivable approximately 7.79 times during that particular period. This represents an improvement from the previous quarter's ratio of 6.36 as of April 26, 2024.
A higher receivables turnover ratio generally indicates that a company is more efficient in collecting payments from its customers, which can be a positive sign of strong financial health and effective credit management. However, it is essential to compare this ratio with industry benchmarks and historical data for a more meaningful interpretation.
Overall, the trend in NetApp Inc's receivables turnover ratio suggests that the company has been effective in managing its accounts receivable and collecting payments from customers in a timely manner.
Peer comparison
Jan 31, 2025