NetApp Inc (NTAP)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,146,000 | 994,000 | 770,000 | 873,000 | 1,159,000 | 1,102,000 | 1,202,000 | 657,000 | 838,000 | 882,000 | 759,000 | 720,000 | 685,000 | 478,000 | 370,000 | 284,000 | 242,000 | 282,000 | 536,000 | 863,000 |
| ROE | 86.04% | 94.57% | 89.87% | 138.49% | 109.92% | 116.88% | 122.71% | 144.44% | 111.81% | 114.74% | 124.11% | 118.75% | 106.57% | 123.85% | 185.68% | 279.23% | 338.43% | 361.35% | 184.89% | 114.60% |
April 26, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $986,000K ÷ $1,146,000K
= 86.04%
NetApp Inc's return on equity (ROE) has shown fluctuations over the past several quarters. The ROE for the most recent period, April 26, 2024, is 86.04%, which indicates that for every dollar of shareholder equity, the company generated a profit of 86.04 cents.
The ROE has varied significantly, ranging from a low of 86.04% to a high of 361.35% over the past few quarters. This variability suggests fluctuations in NetApp's profit generation efficiency and the utilization of equity by the company in generating profits for shareholders.
The highest ROE of 361.35% in October 25, 2019, indicates exceptionally strong profitability and efficient use of shareholders' equity. However, the ROE has experienced a downward trend since then, with occasional spikes in between.
Investors and analysts may want to further investigate the factors contributing to these fluctuations in ROE to assess the company's financial performance, capital structure, and operational efficiency.
Peer comparison
Apr 26, 2024