NetApp Inc (NTAP)
Working capital 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 current assets | US$ in thousands | 3,908,000 | 3,939,000 | 4,321,000 | 4,828,000 | 4,897,000 | 4,327,000 | 4,327,000 | 3,993,000 | 3,993,000 | 4,160,000 | 4,160,000 | 4,680,000 | 4,680,000 | 4,540,000 | 4,540,000 | 4,603,000 | 4,603,000 | 4,922,000 | 4,922,000 | 5,865,000 |
| Total current liabilities | US$ in thousands | 4,195,000 | 4,317,000 | 4,512,000 | 4,106,000 | 4,106,000 | 3,765,000 | 3,765,000 | 3,733,000 | 3,733,000 | 3,249,000 | 3,249,000 | 3,467,000 | 3,467,000 | 3,393,000 | 3,393,000 | 3,395,000 | 3,395,000 | 3,575,000 | 3,575,000 | 3,953,000 |
| Working capital turnover | — | — | — | 9.02 | 8.10 | 11.22 | 10.91 | 22.91 | 22.98 | 6.58 | 6.68 | 5.10 | 5.16 | 5.53 | 5.59 | 5.36 | 5.38 | 4.83 | 4.85 | 3.43 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,507,000K ÷ ($3,908,000K – $4,195,000K)
= —
NetApp Inc's working capital turnover ratio shows the efficiency with which the company is managing its working capital to generate sales. From April 30, 2022, to January 31, 2025, the working capital turnover ratio experienced fluctuations.
- The ratio increased steadily from April 30, 2022, to July 28, 2023, reaching a peak of 6.68, indicating an improvement in utilizing working capital to generate revenue efficiently.
- However, a significant surge was observed in the working capital turnover ratio in the following quarter, with an exceptionally high ratio of 22.98 on October 27, 2023, and it maintained a high level in the subsequent quarter.
- The ratio decreased in the following periods, dropping to 8.10 on April 26, 2024, possibly indicating challenges in managing working capital efficiently during those periods.
- Subsequently, the ratio slightly improved to 9.02 on April 30, 2024, showing a moderate recovery.
- The data for the working capital turnover ratio from July 31, 2024, to January 31, 2025, is not available.
In conclusion, NetApp Inc experienced fluctuations in its working capital turnover ratio over the analyzed periods, with some quarters showing significant improvements in efficiency while others reflecting challenges in managing working capital effectively. Further analysis would be required to understand the factors driving these fluctuations and their impact on the company's financial performance.
Peer comparison
Jan 31, 2025