Market Cap : 15.28 B | Enterprise Value : 13.75 B | PE Ratio : 15.53 | PB Ratio : 17.35 |
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. NetApp's annualized Net Income for the quarter that ended in Jan. 2022 was $1,008 Mil. NetApp's average Total Assets over the quarter that ended in Jan. 2022 was $9,361 Mil. Therefore, NetApp's annualized ROA % for the quarter that ended in Jan. 2022 was 10.77%.
The historical rank and industry rank for NetApp's ROA % or its related term are showing as below:
During the past 13 years, NetApp's highest ROA % was 12.48%. The lowest was 1.19%. And the median was 6.13%.
NTAP's ROA % is ranked better thanThe historical data trend for NetApp's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Computer Hardware subindustry, NetApp's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Hardware industry and Technology sector, NetApp's ROA % distribution charts can be found below:
* The bar in red indicates where NetApp's ROA % falls into.
NetApp's annualized ROA % for the fiscal year that ended in Apr. 2021 is calculated as:
ROA % | = | Net Income (A: Apr. 2021 ) | / | ( (Total Assets (A: Apr. 2020 ) | + | Total Assets (A: Apr. 2021 )) | / count ) |
= | 730 | / | ( (7522 | + | 9360) | / 2 ) | |
= | 730 | / | 8441 | ||||
= | 8.65 % |
NetApp's annualized ROA % for the quarter that ended in Jan. 2022 is calculated as:
ROA % | = | Net Income (Q: Jan. 2022 ) | / | ( (Total Assets (Q: Oct. 2021 ) | + | Total Assets (Q: Jan. 2022 )) | / count ) |
= | 1008 | / | ( (9222 | + | 9500) | / 2 ) | |
= | 1008 | / | 9361 | ||||
= | 10.77 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jan. 2022) net income data. ROA % is displayed in the 30-year financial page.
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
ROA % | (Q: Jan. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 1008 | / | 9361 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (1008 / 6456) | * | (6456 / 9361) |
= | Net Margin % | * | Asset Turnover |
= | 15.61 % | * | 0.6897 |
= | 10.77 % |
Note: The Net Income data used here is four times the quarterly (Jan. 2022) net income data. The Revenue data used here is four times the quarterly (Jan. 2022) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Thank you for viewing the detailed overview of NetApp's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Allen Scott R. | officer: SVP, Chief Accounting Officer | 11690 N.W. 105TH STREET MIAMI FL 33178 |
Anderson Brad | officer: EVP, SSSBU and CIBU | ONE DELL WAY ROUND ROCK TX 78682 |
Hill Kathryn | director | 7 WORLD TRADE CENTER 250 GREENWICH STREET NEW YORK NY 10007 |
Ahuja Deepak | director | C/O TESLA MOTORS, INC. 3500 DEER CREEK ROAD PALO ALTO CA 94304 |
Schenkel Scott F. | director | C/O EBAY INC. 2025 HAMILTON AVE. SAN JOSE CA 95125 |
Kerr Deborah | director | 901 MARQUETTE AVENUE SUITE 3200 MINNEAPOLIS MN 55402 |
Nevens Thomas Michael | director | C/O BORLAND SOFTWARE CORPORATION 20450 STEVENS CREEK BLVD, SUITE 800 CUPERTINO CA 95014 |
Shaheen George T | director | PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SHAHEEN GEORGE T a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
Held Gerald | director | PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HELD GERALD a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
Cernuda Cesar | officer: President | 1395 CROSSMAN AVENUE SUNNYVALE CA 94089 |
Berry Michael J | officer: EVP Finance & Operations, CFO | C/O INFORMATICA CORPORATION 2100 SEAPORT BOULEVARD REDWOOD CITY CA 94063 |
Fawcett Matthew K | officer: SVP, GC & Secretary | 495 EAST JAVA DRIVE SUNNYVALE CA 94089 |
Kurian George | director, officer: CEO | C/O NETAPP 495 E. JAVA DRIVE SUNNYVALE CA 94089 |
Pasek Ronald J | officer: EVP Finance & Operations, CFO | 101 INNOVATION DRIVE SAN JOSE CA 95134 |
Richard Henri P | officer: EVP, Go To Market | FREESCALE SEMICONDUCTOR, INC. 2680 ZANKER RD, SUITE 200 SAN JOSE CA 95134 |
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