NetApp Inc (NTAP)
Operating return on assets (Operating ROA)
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,214,000 | 1,157,000 | 963,000 | 941,000 | 1,018,000 | 1,002,000 | 1,151,000 | 1,163,000 | 1,157,000 | 1,319,000 | 1,256,000 | 1,144,000 | 1,031,000 | 853,000 | 863,000 | 977,000 | 945,000 | 1,038,000 | 1,081,000 | 1,071,000 |
| Total assets | US$ in thousands | 9,887,000 | 9,369,000 | 9,073,000 | 9,270,000 | 9,818,000 | 9,710,000 | 9,780,000 | 9,544,000 | 10,026,000 | 9,500,000 | 9,222,000 | 9,156,000 | 9,360,000 | 8,686,000 | 8,420,000 | 8,416,000 | 7,522,000 | 7,483,000 | 7,472,000 | 7,811,000 |
| Operating ROA | 12.28% | 12.35% | 10.61% | 10.15% | 10.37% | 10.32% | 11.77% | 12.19% | 11.54% | 13.88% | 13.62% | 12.49% | 11.01% | 9.82% | 10.25% | 11.61% | 12.56% | 13.87% | 14.47% | 13.71% |
April 26, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,214,000K ÷ $9,887,000K
= 12.28%
Operating return on assets (operating ROA) is a key financial ratio that evaluates a company's efficiency in generating profits from its assets used in its core operations. The trend analysis of NetApp Inc's operating ROA over the past 20 quarters reveals fluctuations in the company's operational efficiency.
NetApp Inc's operating ROA has shown a general upward trend from the fourth quarter of 2019 to the second quarter of 2022, with peaks reaching as high as 14.47% in the third quarter of 2020. This indicates that the company was effectively utilizing its assets to generate operating income during this period.
However, from the third quarter of 2022 onwards, NetApp Inc's operating ROA experienced a slight decline, reaching a low of 9.82% in the first quarter of 2021. This could suggest potential challenges in optimizing asset utilization or maintaining profitability in the face of changing market conditions.
The most recent data point shows a marginal improvement in operating ROA to 12.28%, which may indicate efforts by NetApp Inc to enhance operational efficiency and profitability. Therefore, ongoing monitoring of the company's operating ROA will be crucial to assess its ability to generate returns from its assets and sustain long-term financial performance.
Peer comparison
Apr 26, 2024