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NetApp EBIT

: $987 Mil (TTM As of Jul. 2020)
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NetApp's earnings before interest and taxes (EBIT) for the three months ended in Jul. 2020 was $122 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2020 was $987 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NetApp's annualized ROC % for the quarter that ended in Jul. 2020 was 7.02%. NetApp's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2020 was 56.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NetApp's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2020 was 10.35%.


NetApp EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

NetApp Annual Data
Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 394.00 673.00 1,261.00 1,326.00 999.00

NetApp Quarterly Data
Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 134.00 311.00 290.00 264.00 122.00

NetApp EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jul. 2020 was 311 (Oct. 2019 ) + 290 (Jan. 2020 ) + 264 (Apr. 2020 ) + 122 (Jul. 2020 ) = $987 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


NetApp  (NAS:NTAP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NetApp's annualized ROC % for the quarter that ended in Jul. 2020 is calculated as:

ROC % (Q: Jul. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2020 ) + Invested Capital (Q: Jul. 2020 ))/ count )
=596 * ( 1 - 25.96% )/( (6412 + 6155)/ 2 )
=441.2784/6283.5
=7.02 %

where

Note: The Operating Income data used here is four times the quarterly (Jul. 2020) data.

2. Joel Greenblatt's definition of Return on Capital:

NetApp's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2020  Q: Jul. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=488/( ( (864 + max(-1651, 0)) + (872 + max(-1730, 0)) )/ 2 )
=488/( ( 864 + 872 )/ 2 )
=488/868
=56.22 %

where Working Capital is:

Working Capital(Q: Apr. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(973 + 145 + 274) - (452 + 1894 + 697)
=-1651

Working Capital(Q: Jul. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(604 + 136 + 304) - (420 + 1814 + 540)
=-1730

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2020) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NetApp's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jul. 2020 )
=987/9538.838
=10.35 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


NetApp EBIT Related Terms


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