NetApp Inc (NTAP)
Total asset turnover
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,204,000 | 6,295,000 | 6,245,000 | 5,670,000 | 5,357,000 |
| Total assets | US$ in thousands | 9,887,000 | 9,818,000 | 10,026,000 | 9,360,000 | 7,522,000 |
| Total asset turnover | 0.63 | 0.64 | 0.62 | 0.61 | 0.71 |
April 26, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,204,000K ÷ $9,887,000K
= 0.63
NetApp Inc's total asset turnover has shown fluctuations over the past five years. The ratio has ranged from 0.61 to 0.71 during this period, indicating the company's effectiveness in generating sales revenue relative to its total assets. The downward trend from 2020 to 2022 (0.71 to 0.62) suggests potential inefficiencies in asset utilization or decreased sales relative to asset investment. However, the slight increase in 2023 and 2024 (0.64 to 0.63) may indicate improvements in asset management or an increase in sales efficiency. Overall, further analysis of NetApp's operational effectiveness and financial performance is warranted to fully assess the impact of total asset turnover on the company's profitability and growth prospects.
Peer comparison
Apr 26, 2024