NetApp Inc (NTAP)
Working capital turnover
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,268,000 | 6,204,000 | 6,362,000 | 6,295,000 | 6,318,000 |
| Total current assets | US$ in thousands | 4,897,000 | 4,897,000 | 4,680,000 | 4,680,000 | 5,945,000 |
| Total current liabilities | US$ in thousands | 4,106,000 | 4,106,000 | 3,467,000 | 3,467,000 | 3,953,000 |
| Working capital turnover | 7.92 | 7.84 | 5.24 | 5.19 | 3.17 |
April 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,268,000K ÷ ($4,897,000K – $4,106,000K)
= 7.92
NetApp Inc's working capital turnover has shown a positive trend over the years as per the data provided. The company's working capital turnover ratio has increased steadily from 3.17 in April 30, 2022, to 7.92 in April 30, 2024. This indicates that the company is efficiently utilizing its working capital to generate sales revenue. A higher working capital turnover ratio suggests that NetApp Inc is managing its working capital effectively, leading to increased operational efficiency and possibly better cash flow management. This trend reflects positively on the company's liquidity and overall financial health, showcasing its ability to efficiently convert working capital into sales revenue.
Peer comparison
Apr 30, 2024