NetApp Inc (NTAP)
Total asset 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 |
| Total assets | US$ in thousands | 9,887,000 | 9,369,000 | 9,073,000 | 9,270,000 | 9,818,000 | 9,710,000 | 9,780,000 | 9,544,000 | 10,026,000 | 9,500,000 | 9,222,000 | 9,156,000 | 9,360,000 | 8,686,000 | 8,420,000 | 8,416,000 | 7,522,000 | 7,483,000 | 7,472,000 | 7,811,000 |
| Total asset turnover | 0.63 | 0.65 | 0.67 | 0.66 | 0.64 | 0.66 | 0.66 | 0.67 | 0.62 | 0.64 | 0.65 | 0.64 | 0.61 | 0.64 | 0.65 | 0.64 | 0.71 | 0.74 | 0.76 | 0.75 |
April 26, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,204,000K ÷ $9,887,000K
= 0.63
The total asset turnover of NetApp Inc has shown some fluctuation over the past few quarters. The ratio has ranged between 0.61 and 0.76, reflecting how efficiently the company is utilizing its assets to generate revenue. A lower total asset turnover ratio may indicate inefficiency in asset utilization, while a higher ratio suggests effective management of assets to generate sales.
The average total asset turnover for NetApp Inc over the provided time period is approximately 0.66, indicating that, on average, the company generates $0.66 in revenue for every dollar of assets it holds. It is important for the company to monitor and potentially improve this ratio over time to ensure that its assets are being effectively used to drive revenue and profitability.
Peer comparison
Apr 26, 2024