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