NetApp Inc (NTAP)
Return on assets (ROA)
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 1,022,000 |
| Total assets | US$ in thousands | 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 | 10,026,000 |
| ROA | 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% | 10.19% |
January 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,137,000K ÷ $8,989,000K
= 12.65%
NetApp Inc's return on assets (ROA) has displayed fluctuations over the reported periods. The ROA ranged from a low of 6.31% on April 30, 2023, to a high of 19.71% on October 31, 2022. Notably, the ROA showed a decreasing trend from October 2022 to July 2023, before experiencing a moderate recovery in the subsequent quarters. The latest reported ROA figure as of January 31, 2025, stood at 12.65%.
Overall, NetApp Inc's ROA performance indicates its ability to generate profits relative to its total assets, with fluctuations observed during the reviewed periods. It is essential for stakeholders to closely monitor the company's future ROA trends to assess its efficiency in utilizing its assets to generate returns.
Peer comparison
Jan 31, 2025