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NetApp ROE %

: 121.16% (As of Oct. 2021)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. NetApp's annualized net income attributable to common stockholders for the quarter that ended in Oct. 2021 was $896 Mil. NetApp's average Total Stockholders Equity over the quarter that ended in Oct. 2021 was $740 Mil. Therefore, NetApp's annualized ROE % for the quarter that ended in Oct. 2021 was 121.16%.

The historical rank and industry rank for NetApp's ROE % or its related term are showing as below:

NAS:NTAP' s ROE % Range Over the Past 10 Years
Min: 4.59   Med: 15.28   Max: 157.5
Current: 156.37

4.59
157.5

During the past 13 years, NetApp's highest ROE % was 157.50%. The lowest was 4.59%. And the median was 15.28%.

NAS:NTAP's ROE % is ranked higher than
100% of the 2281 Companies
in the Hardware industry.

( Industry Median: 7.03 vs. NAS:NTAP: 156.37 )

NetApp ROE % Historical Data

The historical data trend for NetApp's ROE % 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.

* Premium members only.

NetApp Annual Data
Trend Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.99 4.59 69.46 122.97 157.50

NetApp Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
ROE % 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 167.58 171.70 229.75 115.02 121.16

Competitive Comparison

For the Computer Hardware subindustry, NetApp's ROE %, along with its competitors' market caps and ROE % 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.

   

NetApp ROE % Distribution

For the Hardware industry and Technology sector, NetApp's ROE % distribution charts can be found below:

* The bar in red indicates where NetApp's ROE % falls into.



NetApp ROE % Calculation

NetApp's annualized ROE % for the fiscal year that ended in Apr. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Apr. 2021 )/( (Total Stockholders Equity (A: Apr. 2020 )+Total Stockholders Equity (A: Apr. 2021 ))/ count )
=730/( (242+685)/ 2 )
=730/463.5
=157.50 %

NetApp's annualized ROE % for the quarter that ended in Oct. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Oct. 2021 )/( (Total Stockholders Equity (Q: Jul. 2021 )+Total Stockholders Equity (Q: Oct. 2021 ))/ count )
=896/( (720+759)/ 2 )
=896/739.5
=121.16 %

* 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 ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Oct. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


NetApp  (NAS:NTAP) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Oct. 2021 )
=Net Income/Total Stockholders Equity
=896/739.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(896 / 6264)*(6264 / 9189)*(9189 / 739.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.3 %*0.6817*12.426
=ROA %*Equity Multiplier
=9.75 %*12.426
=121.16 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Oct. 2021 )
=Net Income/Total Stockholders Equity
=896/739.5
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (896 / 1120) * (1120 / 1208) * (1208 / 6264) * (6264 / 9189) * (9189 / 739.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8 * 0.9272 * 19.28 % * 0.6817 * 12.426
=121.16 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Oct. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Oct. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


NetApp ROE % Related Terms

Thank you for viewing the detailed overview of NetApp's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


NetApp Business Description

NetApp logo
Industry
Technology » Hardware NAICS : 334112 SIC : 3572
Traded in Other Exchanges
Address
1395 Crossman Avenue, Sunnyvale, CA, USA, 94089
NetApp is a leading provider of enterprise data management and storage solutions. The company's three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees.
Executives
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

NetApp Headlines

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