NetApp Inc (NTAP)
Total asset 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 |
| Total assets | US$ in thousands | 10,823,000 | 9,887,000 | 9,887,000 | 9,818,000 | 9,818,000 |
| Total asset turnover | 0.61 | 0.63 | 0.63 | 0.65 | 0.64 |
April 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,572,000K ÷ $10,823,000K
= 0.61
NetApp Inc's total asset turnover ratio has shown a relatively stable trend over the past few years, fluctuating between 0.61 and 0.65. This ratio indicates that for each dollar of total assets NetApp holds, the company generates around $0.61 to $0.65 in revenue.
A total asset turnover ratio below 1 may suggest that NetApp is not effectively utilizing its assets to generate revenue. While the slight decrease in the ratio from 0.65 to 0.61 from April 2024 to April 2025 could imply a decrease in asset efficiency, further analysis is needed to understand the underlying reasons for this trend.
Overall, NetApp's total asset turnover ratio suggests that the company may potentially benefit from improving its asset utilization to enhance revenue generation and overall operational efficiency.
Peer comparison
Apr 30, 2025