NetApp Inc (NTAP)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,327,000 | 1,261,000 | 1,055,000 | 1,047,000 | 1,133,000 | 1,093,000 | 1,225,000 | 1,201,000 | 1,168,000 | 1,333,000 | 1,274,000 | 1,169,000 | 1,036,000 | 845,000 | 869,000 | 987,000 | 999,000 | 1,133,000 | 1,178,000 | 1,174,000 |
| Long-term debt | US$ in thousands | 1,992,000 | 1,991,000 | 1,991,000 | 2,390,000 | 2,389,000 | 2,388,000 | 2,387,000 | 2,387,000 | 2,386,000 | 2,385,000 | 2,634,000 | 2,633,000 | 2,632,000 | 2,632,000 | 2,631,000 | 2,630,000 | 1,146,000 | 1,146,000 | 1,145,000 | 1,145,000 |
| 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 |
| Return on total capital | 42.29% | 42.24% | 38.21% | 32.09% | 31.93% | 31.32% | 34.13% | 39.45% | 36.23% | 40.80% | 37.55% | 34.86% | 31.23% | 27.17% | 28.96% | 33.87% | 71.97% | 79.34% | 70.08% | 58.47% |
April 26, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (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 across the financial periods provided. The company's return on total capital ranged from 27.17% to 79.34% over the past few years. The return on total capital was relatively stable around the range of 30% to 40%, with occasional peaks reaching as high as 79.34% and 71.97%. These high peaks could indicate periods of exceptional performance or possibly changes in capital structure. Overall, NetApp Inc's return on total capital demonstrates the company's ability to generate returns relative to the total capital employed in its operations.
Peer comparison
Apr 26, 2024