NetApp Inc (NTAP)
Total asset 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 |
| Total assets | US$ in thousands | 10,823,000 | 8,989,000 | 9,004,000 | 9,311,000 | 9,887,000 | 9,887,000 | 9,369,000 | 9,369,000 | 9,073,000 | 9,073,000 | 9,270,000 | 9,270,000 | 9,818,000 | 9,818,000 | 9,710,000 | 9,710,000 | 9,780,000 | 9,780,000 | 9,544,000 | 9,544,000 |
| Total asset turnover | 0.61 | 0.72 | 0.72 | 0.69 | 0.66 | 0.65 | 0.67 | 0.65 | 0.66 | 0.66 | 0.65 | 0.66 | 0.63 | 0.64 | 0.65 | 0.66 | 0.66 | 0.66 | 0.68 | 0.68 |
April 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,572,000K ÷ $10,823,000K
= 0.61
NetApp Inc has demonstrated varying levels of total asset turnover over the past few quarters. The total asset turnover ratio measures the efficiency with which the company generates sales revenue relative to its total assets.
From July 2022 to April 2023, the total asset turnover ratio remained relatively stable, ranging from 0.68 to 0.63. However, a slight decline in the ratio was observed by April 2023, indicating a potential decrease in the efficiency of asset utilization during that period.
Subsequently, from July 2023 to July 2024, the total asset turnover ratio fluctuated within the range of 0.63 to 0.69. These fluctuations suggest that NetApp Inc experienced some variability in its ability to generate sales revenue per unit of total assets during this period.
Notably, there was a significant improvement in total asset turnover by October 2024, reaching 0.72, which indicates a higher efficiency in utilizing assets to generate revenue. This improvement may reflect enhanced operational efficiency or strategic changes within the company to optimize asset utilization.
However, by April 2025, the total asset turnover ratio declined to 0.61, possibly signaling a decrease in the company's ability to generate sales relative to its total asset base. This decline may warrant further analysis to understand the factors influencing the efficiency of asset turnover within NetApp Inc.
Peer comparison
Apr 30, 2025