NetApp Inc (NTAP)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 71.45% | 70.82% | 69.26% | 67.77% | 66.86% | 66.07% | 66.31% | 66.89% | 67.57% | 68.08% | 68.08% | 67.67% | 67.28% | 67.40% | 67.53% | 67.87% | 67.63% | 66.83% | 65.71% | 64.93% |
| Operating profit margin | 19.57% | 18.91% | 15.95% | 15.33% | 16.17% | 15.68% | 17.77% | 18.23% | 18.53% | 21.56% | 21.02% | 19.64% | 18.18% | 15.45% | 15.81% | 18.02% | 17.64% | 18.71% | 18.95% | 18.31% |
| Pretax margin | 20.36% | 19.57% | 16.43% | 16.00% | 16.93% | 16.02% | 17.80% | 17.68% | 17.53% | 20.58% | 20.08% | 18.80% | 16.97% | 14.06% | 14.74% | 17.14% | 17.62% | 19.43% | 19.65% | 19.06% |
| Net profit margin | 15.89% | 15.37% | 11.46% | 19.70% | 20.24% | 20.15% | 22.77% | 14.88% | 15.00% | 16.54% | 15.77% | 14.68% | 12.87% | 10.72% | 12.58% | 14.63% | 15.29% | 18.37% | 17.37% | 16.91% |
NetApp Inc's profitability ratios have shown some fluctuations over the past few quarters. The gross profit margin has generally been in the range of 66% to 71%, indicating strong profitability in terms of production and distribution.
The operating profit margin has also varied, ranging from around 15% to 21%, showing the company's ability to control operating expenses and generate profit from its core business activities.
The pretax margin has fluctuated around 16% to 20%, reflecting NetApp's performance in generating profit before accounting for taxes.
The net profit margin, which represents the bottom line profitability after all expenses, has shown some variability, ranging from 10% to 22%.
Overall, NetApp Inc has demonstrated solid profitability, although fluctuations in certain profitability ratios indicate the need for continued monitoring and strategic decision-making to maintain and improve financial performance.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 9.97% | 10.03% | 7.63% | 13.04% | 12.98% | 13.26% | 15.08% | 9.94% | 9.35% | 10.65% | 10.21% | 9.34% | 7.80% | 6.82% | 8.16% | 9.42% | 10.89% | 13.62% | 13.26% | 12.66% |
| Return on total capital | 42.29% | 42.24% | 38.21% | 32.09% | 31.93% | 31.32% | 34.13% | 39.45% | 36.23% | 40.80% | 37.55% | 34.86% | 31.23% | 27.17% | 28.96% | 33.87% | 71.97% | 79.34% | 70.08% | 58.47% |
| Return on equity (ROE) | 86.04% | 94.57% | 89.87% | 138.49% | 109.92% | 116.88% | 122.71% | 144.44% | 111.81% | 114.74% | 124.11% | 118.75% | 106.57% | 123.85% | 185.68% | 279.23% | 338.43% | 361.35% | 184.89% | 114.60% |
NetApp Inc's profitability ratios display a fluctuating trend over the past few quarters. The operating return on assets (Operating ROA) indicates the company's ability to generate profits from its assets used in operations, showing a slight increase from around 10% to 12% in recent quarters. This suggests efficient management of assets to generate operating income.
The overall return on assets (ROA) demonstrates the company's profit generation relative to its total assets, showing a mixed performance with fluctuations between 6% and 15% over the period. Despite some variability, NetApp Inc generally maintains a reasonable level of profitability relative to its asset base.
The return on total capital indicates the company's ability to generate earnings from both equity and debt capital employed, with a varying trend between approximately 27% and 71%. This ratio highlights NetApp Inc's efficiency in utilizing its capital resources to generate returns for its providers of capital.
Lastly, the return on equity (ROE) reflects the return earned on shareholder equity, displaying significant fluctuations with values ranging from around 86% to over 350% in recent quarters. This suggests that NetApp Inc has experienced significant variability in its profitability relative to shareholders' equity.
Overall, NetApp Inc's profitability ratios reflect a mixed performance with some variability in profitability levels across different time periods, indicating the need for continued monitoring and evaluation of the company's financial performance and management of its resources.