NetApp Inc (NTAP)
Return on assets (ROA)
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,186,000 | 1,137,000 | 1,129,000 | 1,143,000 | 1,208,000 | 1,150,000 | 1,092,000 | 928,000 | 764,000 | 776,000 | 788,000 | 704,000 | 620,000 | 1,125,000 | 1,630,000 | 1,779,000 | 1,928,000 | 1,437,000 | 946,000 | 984,000 |
| Total assets | US$ in thousands | 10,823,000 | 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 |
| ROA | 10.96% | 12.65% | 12.54% | 12.28% | 12.22% | 11.63% | 11.66% | 9.91% | 8.42% | 8.55% | 8.50% | 7.59% | 6.31% | 11.46% | 16.79% | 18.32% | 19.71% | 14.69% | 9.91% | 10.31% |
April 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,186,000K ÷ $10,823,000K
= 10.96%
NetApp Inc's return on assets (ROA) has displayed fluctuations over the past few years, ranging from a low of 6.31% in April 30, 2023, to a high of 19.71% in October 31, 2022. The ROA has shown a general upward trend from April 30, 2023, to January 31, 2025, with varying levels of increase and decrease in between.
The company's ROA peaked at 19.71% in October 31, 2022, indicating efficient utilization of its assets to generate profits. However, this high was followed by a decline in the subsequent periods. The ROA decreased to 6.31% in April 30, 2023, but then showed a gradual recovery and stabilization around the 10-12% range from January 31, 2024, to April 30, 2025.
Overall, NetApp Inc has demonstrated a satisfactory performance in terms of ROA, with periodic fluctuations reflecting changes in asset efficiency and profitability levels. Continued monitoring of the ROA trend will be essential to assess the company's ability to generate profits relative to its asset base.
Peer comparison
Apr 30, 2025