NetApp Inc (NTAP)
Working capital 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 current assets | US$ in thousands | 4,897,000 | 4,680,000 | 5,945,000 | 6,001,000 | 4,274,000 |
| Total current liabilities | US$ in thousands | 4,106,000 | 3,467,000 | 3,953,000 | 3,452,000 | 3,616,000 |
| Working capital turnover | 7.84 | 5.19 | 3.14 | 2.22 | 8.14 |
April 26, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,204,000K ÷ ($4,897,000K – $4,106,000K)
= 7.84
NetApp Inc's working capital turnover has shown fluctuations over the past five years, with a significant increase from 2.22 in April 2021 to 7.84 in April 2024. This indicates that the company's ability to efficiently utilize its working capital to generate sales revenue has improved substantially. The upward trend suggests that NetApp Inc has been more effective in managing its working capital resources to support its operations and drive business growth. However, it is essential to monitor this ratio consistently to ensure sustained efficiency in working capital management.
Peer comparison
Apr 26, 2024