NetApp Inc (NTAP)
Return on assets (ROA)
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 986,000 | 940,000 | 692,000 | 1,209,000 | 1,274,000 | 1,288,000 | 1,475,000 | 949,000 | 937,000 | 1,012,000 | 942,000 | 855,000 | 730,000 | 592,000 | 687,000 | 793,000 | 819,000 | 1,019,000 | 991,000 | 989,000 |
| Total assets | US$ in thousands | 9,887,000 | 9,369,000 | 9,073,000 | 9,270,000 | 9,818,000 | 9,710,000 | 9,780,000 | 9,544,000 | 10,026,000 | 9,500,000 | 9,222,000 | 9,156,000 | 9,360,000 | 8,686,000 | 8,420,000 | 8,416,000 | 7,522,000 | 7,483,000 | 7,472,000 | 7,811,000 |
| ROA | 9.97% | 10.03% | 7.63% | 13.04% | 12.98% | 13.26% | 15.08% | 9.94% | 9.35% | 10.65% | 10.21% | 9.34% | 7.80% | 6.82% | 8.16% | 9.42% | 10.89% | 13.62% | 13.26% | 12.66% |
April 26, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $986,000K ÷ $9,887,000K
= 9.97%
NetApp Inc's return on assets (ROA) has shown some variability over the past several quarters. The ROA values have ranged from a low of 6.82% in January 2021 to a high of 15.08% in October 2022. Generally, the company has maintained a relatively stable ROA, with values mostly falling within the range of 9% to 13%.
A higher ROA indicates that NetApp Inc is more efficient in generating profits relative to its total assets. The company experienced a peak ROA in October 2022, suggesting strong profitability relative to its asset base at that time. However, in recent quarters, the ROA has been lower, possibly indicating a decrease in profitability efficiency.
It is important to further investigate the factors contributing to the fluctuations in ROA to assess the company's operational performance and financial health accurately. Additional analysis of NetApp Inc's financial statements and market conditions would provide more insights into the drivers behind the changes in ROA.
Peer comparison
Apr 26, 2024