NetApp Inc (NTAP)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,453,000 | 1,467,000 | 1,491,000 | 1,590,000 | 1,510,000 | 1,444,000 | 1,270,000 | 1,073,000 | 1,066,000 | 1,066,000 | 1,193,000 | 1,184,000 | 1,157,000 | 1,149,000 | 1,052,000 | 1,147,000 | 1,169,000 | 1,137,000 | 1,215,000 | 1,252,000 |
| 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 | — |
| 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 |
| Return on total capital | 146.03% | 164.46% | 160.50% | 138.74% | 48.12% | 145.27% | 42.55% | 139.35% | 38.61% | 122.11% | 36.56% | 102.16% | 32.61% | 104.26% | 30.14% | 95.42% | 32.57% | 173.06% | 39.91% | 149.40% |
January 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,453,000K ÷ ($—K + $995,000K)
= 146.03%
NetApp Inc's return on total capital has shown fluctuations over the periods indicated in the data. From April 30, 2022, to January 31, 2025, the return on total capital ranged from 30.14% to 173.06%.
There were noticeable peaks in the return on total capital in the periods ending April 30, 2022, January 31, 2023, October 31, 2023, April 30, 2023, and July 31, 2024, with values exceeding 100%. These high values indicate that NetApp Inc generated significant profits relative to the total capital invested during those periods.
In contrast, there were periods, such as July 29, 2022, October 28, 2022, January 27, 2023, April 28, 2023, and January 26, 2024, where the return on total capital was relatively lower, around or below 40%.
Overall, NetApp Inc's return on total capital has shown variability, but the company has demonstrated the ability to generate healthy returns on the capital employed in its operations. This indicates the company's efficiency in generating profits from the total capital invested in its business activities.
Peer comparison
Jan 31, 2025