NetApp Inc (NTAP)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,572,000 | 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 |
| Receivables | US$ in thousands | 1,246,000 | 898,000 | 873,000 | 679,000 | 1,007,000 | 1,007,000 | 787,000 | 787,000 | 787,000 | 787,000 | 653,000 | 653,000 | 987,000 | 987,000 | 821,000 | 821,000 | 910,000 | 910,000 | 865,000 | 865,000 |
| Receivables turnover | 5.27 | 7.25 | 7.47 | 9.52 | 6.47 | 6.36 | 8.01 | 7.79 | 7.57 | 7.59 | 9.18 | 9.32 | 6.26 | 6.35 | 7.73 | 7.81 | 7.12 | 7.14 | 7.53 | 7.55 |
April 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,572,000K ÷ $1,246,000K
= 5.27
NetApp Inc's receivables turnover has shown some fluctuations over the past few periods. The turnover ratio ranged from a low of 5.27 in April 30, 2025, to a high of 9.52 in July 31, 2024. This indicates that the company is able to collect its accounts receivable approximately 5.27 to 9.52 times a year on average.
Overall, there seems to be stability in the receivables turnover ratio, hovering around a range of 6 to 9 times per year with some occasional deviations. It is important to note that a higher turnover ratio indicates a more efficient collection of receivables, while a lower ratio may suggest inefficiencies in the company's credit policies or difficulties in collecting outstanding payments. Tracking this ratio over time can provide insights into NetApp Inc's effectiveness in managing and converting its accounts receivable into cash.
Peer comparison
Apr 30, 2025