NetApp Inc (NTAP)
Return on total capital
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,327,000 | 1,133,000 | 1,168,000 | 1,036,000 | 999,000 |
| Long-term debt | US$ in thousands | 1,992,000 | 2,389,000 | 2,386,000 | 2,632,000 | 1,146,000 |
| Total stockholders’ equity | US$ in thousands | 1,146,000 | 1,159,000 | 838,000 | 685,000 | 242,000 |
| Return on total capital | 42.29% | 31.93% | 36.23% | 31.23% | 71.97% |
April 26, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,327,000K ÷ ($1,992,000K + $1,146,000K)
= 42.29%
NetApp Inc's return on total capital has shown fluctuations over the past five years. The latest available data as of April 26, 2024, indicates a return on total capital of 42.29%, which demonstrates an increase compared to the previous year. In comparison, the return on total capital for the fiscal year ending April 28, 2023, was 31.93%, showing a notable improvement.
Looking back further, NetApp Inc's return on total capital was 36.23% for April 29, 2022, and 31.23% for April 30, 2021. The return on total capital was significantly higher at 71.97% for April 24, 2020. Despite the fluctuations, the company has generally maintained a healthy return on total capital over the years, indicating efficient use of both equity and debt to generate profits.
The trend suggests that NetApp Inc has been able to effectively utilize its capital resources to generate a reasonable return for its investors and stakeholders, although there have been fluctuations that may be influenced by various internal and external factors impacting the company's performance.
Peer comparison
Apr 26, 2024