NetApp Inc (NTAP)
Return on assets (ROA)
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 986,000 | 986,000 | 1,274,000 | 1,274,000 | 937,000 |
| Total assets | US$ in thousands | 9,887,000 | 9,887,000 | 9,818,000 | 9,818,000 | 10,026,000 |
| ROA | 9.97% | 9.97% | 12.98% | 12.98% | 9.35% |
April 30, 2024 calculation
ROA = Net income ÷ Total assets
= $986,000K ÷ $9,887,000K
= 9.97%
NetApp Inc's return on assets (ROA) has shown varying trends over the period from April 30, 2022, to April 30, 2024. The ROA stood at 9.35% as of April 30, 2022, indicating that the company generated $0.0935 in profit for every dollar of assets it owns.
Subsequently, there was a notable improvement in ROA to 12.98% by April 28, 2023, and this value was sustained at the same level through April 30, 2023. This increase suggests that NetApp Inc effectively utilized its assets to generate higher profits during this period.
However, there was a decline in ROA to 9.97% by April 26, 2024, which was maintained at the same level by April 30, 2024. This decrease may indicate that the company faced challenges in optimizing its asset utilization to generate profits efficiently.
Overall, NetApp Inc's ROA performance demonstrates a mix of positive and negative trends, showcasing fluctuations in the company's ability to generate earnings relative to its asset base over the specified period.
Peer comparison
Apr 30, 2024