NetApp Inc (NTAP)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,355,000 | 1,359,000 | 1,380,000 | 1,464,000 | 1,402,000 | 1,340,000 | 1,152,000 | 964,000 | 969,000 | 974,000 | 1,148,000 | 1,142,000 | 1,115,000 | 1,088,000 | 991,000 | 1,074,000 | 1,096,000 | 1,107,000 | 1,173,000 | 1,239,000 |
| Total assets | US$ in thousands | 8,989,000 | 9,004,000 | 9,311,000 | 9,887,000 | 9,887,000 | 9,369,000 | 9,369,000 | 9,073,000 | 9,073,000 | 9,270,000 | 9,270,000 | 9,818,000 | 9,818,000 | 9,710,000 | 9,710,000 | 9,780,000 | 9,780,000 | 9,544,000 | 9,544,000 | 10,026,000 |
| Operating ROA | 15.07% | 15.09% | 14.82% | 14.81% | 14.18% | 14.30% | 12.30% | 10.62% | 10.68% | 10.51% | 12.38% | 11.63% | 11.36% | 11.20% | 10.21% | 10.98% | 11.21% | 11.60% | 12.29% | 12.36% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,355,000K ÷ $8,989,000K
= 15.07%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate profit from its operations relative to its total assets. For NetApp Inc, the operating ROA has fluctuated over the specified time periods:
- The operating ROA ranged from 10.21% to 15.09% between January 27, 2023, and January 31, 2025.
- The ratio experienced an upward trend from 10.21% in January 2023 to 15.09% in October 2024, indicating potential improvement in the company's operational efficiency and profitability.
- The highest operating ROA was recorded in the quarter ending October 31, 2024, at 15.09%, suggesting strong earnings generated relative to the company's asset base.
- The operating ROA saw a slight decline in the quarter ending January 31, 2025, to 15.07%, which is still a relatively healthy level.
Overall, NetApp Inc maintained a relatively strong performance in generating operating profits from its asset base over the analyzed periods, with some fluctuations seen but generally showing positive trends in operational efficiency. Tracking changes in operating ROA can provide insights into the company's operational effectiveness and financial health.
Peer comparison
Jan 31, 2025