NetApp Inc (NTAP)
Return on equity (ROE)
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 986,000 | 1,274,000 | 937,000 | 730,000 | 819,000 |
| Total stockholders’ equity | US$ in thousands | 1,146,000 | 1,159,000 | 838,000 | 685,000 | 242,000 |
| ROE | 86.04% | 109.92% | 111.81% | 106.57% | 338.43% |
April 26, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $986,000K ÷ $1,146,000K
= 86.04%
NetApp Inc's return on equity (ROE) has exhibited fluctuations over the past five years. The ROE for the most recent fiscal year, ending on April 26, 2024, is 86.04%. This represents a decrease from the previous year's ROE of 109.92% and continues a downward trend observed over the last two years.
When compared to the ROE of 111.81% in the fiscal year ending on April 29, 2022, and 106.57% in the fiscal year ending on April 30, 2021, the current ROE indicates a decline in the company's efficiency in generating returns for its shareholders.
It is noteworthy to highlight that there was a significant spike in ROE to 338.43% in the fiscal year ending on April 24, 2020. This exceptional performance may have been influenced by specific events or one-time factors that boosted the company's profitability during that period.
Overall, NetApp Inc's ROE has shown variability, with the most recent data suggesting a decrease in the company's ability to generate returns on the equity invested by shareholders compared to previous years. Analysis beyond these figures, such as an examination of the company's financial statements and business operations, would provide a more comprehensive understanding of the factors affecting its ROE.
Peer comparison
Apr 26, 2024