NetApp Inc (NTAP)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 995,000 | 892,000 | 929,000 | 1,146,000 | 1,146,000 | 994,000 | 994,000 | 770,000 | 770,000 | 873,000 | 873,000 | 1,159,000 | 1,159,000 | 1,102,000 | 1,102,000 | 1,202,000 | 1,202,000 | 657,000 | 657,000 | 838,000 |
| ROE | 114.27% | 126.57% | 123.04% | 105.41% | 100.35% | 109.86% | 93.36% | 99.22% | 100.78% | 90.26% | 80.64% | 53.49% | 97.07% | 147.91% | 161.43% | 160.40% | 119.55% | 143.99% | 149.77% | 121.96% |
January 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,137,000K ÷ $995,000K
= 114.27%
NetApp Inc's return on equity (ROE) has shown varying trends over the period analyzed. The ROE for the company ranged from a high of 161.43% in January 27, 2023 to a low of 53.49% in April 30, 2023.
Overall, NetApp Inc has demonstrated a generally strong performance in terms of ROE, with most values well above 100% indicating a high profitability relative to shareholders' equity. The consistently high ROE values suggest that the company is effectively utilizing its equity to generate profits.
It is worth noting that there was a slight decrease in ROE from the beginning of 2023 to mid-2024, with values fluctuating between 90-120%. These fluctuations may reflect changes in the company's financial performance, business strategy, or economic conditions during this period.
In conclusion, NetApp Inc's ROE indicates a strong performance and efficient use of shareholder equity to generate profits, although some fluctuations in the ratio should be closely monitored for any underlying factors impacting the company's profitability.
Peer comparison
Jan 31, 2025