NetApp Inc (NTAP)
Total asset turnover
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 6,553,000 |
| Total assets | US$ in thousands | 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 | 10,026,000 |
| Total asset turnover | 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 | 0.65 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,507,000K ÷ $8,989,000K
= 0.72
While analyzing NetApp Inc's total asset turnover ratio over the provided historical periods, we observe fluctuations but overall stability in the company's efficiency in generating sales revenue relative to its total assets. The total asset turnover ratio decreased from 0.65 in April 2022 to 0.63 in April 2023 before gradually increasing to 0.72 by January 2025. This indicates that NetApp Inc has been able to generate more sales for each dollar of assets deployed over time, reflecting improved asset utilization efficiency. The company's ability to effectively leverage its assets to generate revenue may suggest operational effectiveness and potential for growth in the future.
Peer comparison
Jan 31, 2025