NetApp Inc (NTAP)
Operating return on assets (Operating ROA)
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,214,000 | 1,018,000 | 1,157,000 | 1,031,000 | 945,000 |
| Total assets | US$ in thousands | 9,887,000 | 9,818,000 | 10,026,000 | 9,360,000 | 7,522,000 |
| Operating ROA | 12.28% | 10.37% | 11.54% | 11.01% | 12.56% |
April 26, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,214,000K ÷ $9,887,000K
= 12.28%
Operating return on assets (operating ROA) measures a company's ability to generate operating profits from its assets. NetApp Inc's operating ROA has shown a relatively stable trend over the past five years, ranging from 10.37% to 12.56%. The highest operating ROA was recorded in 2020 at 12.56%, indicating strong operating profitability relative to its assets. In 2023 and 2024, the operating ROA remained above 10%, demonstrating continued efficiency in generating profits from the company's assets. Overall, NetApp Inc's operating ROA performance reflects solid operational effectiveness and asset utilization over the years.
Peer comparison
Apr 26, 2024