NetApp Inc (NTAP)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,214,000 | 1,214,000 | 1,018,000 | 1,018,000 | 1,157,000 |
| Total assets | US$ in thousands | 9,887,000 | 9,887,000 | 9,818,000 | 9,818,000 | 10,026,000 |
| Operating ROA | 12.28% | 12.28% | 10.37% | 10.37% | 11.54% |
April 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,214,000K ÷ $9,887,000K
= 12.28%
NetApp Inc's operating return on assets (Operating ROA) has ranged from 10.37% to 12.28% over the period provided in the data. This ratio indicates the company's ability to generate operating profits from its assets. The increase in Operating ROA from 2022 to 2024 suggests improved efficiency in utilizing assets to generate operating income. A higher Operating ROA signifies that NetApp Inc is generating more operating income relative to its asset base. It indicates effective asset management and operational performance by the company. Overall, the trend in NetApp Inc's Operating ROA reflects positively on its operational efficiency and profitability.
Peer comparison
Apr 30, 2024