NetApp Inc (NTAP)
Return on assets (ROA)
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 986,000 | 1,274,000 | 937,000 | 730,000 | 819,000 |
| Total assets | US$ in thousands | 9,887,000 | 9,818,000 | 10,026,000 | 9,360,000 | 7,522,000 |
| ROA | 9.97% | 12.98% | 9.35% | 7.80% | 10.89% |
April 26, 2024 calculation
ROA = Net income ÷ Total assets
= $986,000K ÷ $9,887,000K
= 9.97%
NetApp Inc's return on assets (ROA) has fluctuated over the past five years. In the most recent fiscal year ending April 26, 2024, NetApp's ROA stood at 9.97%, showing a decrease compared to the previous year's ROA of 12.98% ending April 28, 2023.
The ROA for April 26, 2024, is higher than the ROA for fiscal years ending April 29, 2022 (9.35%) and April 30, 2021 (7.80%), indicating an improvement in the company's ability to generate profit from its assets. However, it is lower than the ROA ending April 24, 2020 (10.89%), suggesting a slight decline in asset efficiency compared to two years ago.
Overall, NetApp Inc's ROA performance has shown variability over the years, with the most recent year experiencing a slight dip, potentially indicating the need for further analysis to understand the factors driving this change and to assess the company's asset utilization efficiency.
Peer comparison
Apr 26, 2024