NetApp Inc (NTAP)
Return on equity (ROE)
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 986,000 | 986,000 | 1,274,000 | 1,274,000 | 937,000 |
| Total stockholders’ equity | US$ in thousands | 1,146,000 | 1,146,000 | 1,159,000 | 1,159,000 | 838,000 |
| ROE | 86.04% | 86.04% | 109.92% | 109.92% | 111.81% |
April 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $986,000K ÷ $1,146,000K
= 86.04%
NetApp Inc's return on equity (ROE) has demonstrated strong performance over the analyzed period. From April 30, 2022, to April 30, 2024, the ROE figures consistently reflect high profitability, ranging from 86.04% to 111.81%. These consistently high percentages indicate that NetApp Inc efficiently generates profits from shareholders' equity, indicating effective management and utilization of invested capital. The gradual decrease in ROE from 2022 to 2024 may signify potential challenges or changes in the company's financial structure or operational efficiency. Overall, NetApp Inc's ROE indicates a sound financial position and effective utilization of equity to generate returns for its shareholders.
Peer comparison
Apr 30, 2024