NetApp Inc (NTAP)
Return on total capital
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,327,000 | 1,327,000 | 1,133,000 | 1,133,000 | 1,115,000 |
| Long-term debt | US$ in thousands | — | 1,992,000 | — | 2,389,000 | — |
| Total stockholders’ equity | US$ in thousands | 1,146,000 | 1,146,000 | 1,159,000 | 1,159,000 | 838,000 |
| Return on total capital | 115.79% | 42.29% | 97.76% | 31.93% | 133.05% |
April 30, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,327,000K ÷ ($—K + $1,146,000K)
= 115.79%
NetApp Inc's return on total capital has shown significant fluctuations over the period analyzed. Starting at a high of 133.05% in April 2022, the return dropped to 31.93% in April 2023, before rebounding to 97.76% in the same month of the following year. However, the return decreased again to 42.29% in April 2024, before bouncing back to 115.79% by the end of that same year. These fluctuations could be attributed to changes in the company's capital structure, profitability, and efficiency in utilizing its total capital. Overall, NetApp Inc has demonstrated the ability to generate strong returns on its total capital, albeit with some variability in performance.
Peer comparison
Apr 30, 2024