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NetApp's Cost of Goods Sold for the three months ended in Jan. 2024 was $455 Mil. Its Revenue for the three months ended in Jan. 2024 was $1,606 Mil.
NetApp's COGS to Revenue for the three months ended in Jan. 2024 was 0.28.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NetApp's Gross Margin % for the three months ended in Jan. 2024 was 71.67%.
The historical data trend for NetApp's COGS-to-Revenue 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.
NetApp's COGS to Revenue for the fiscal year that ended in Apr. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 2153 | / | 6362 | |
= | 0.34 |
NetApp's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 455 | / | 1606 | |
= | 0.28 |
* 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.
NetApp (NAS:NTAP) COGS-to-Revenue Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
NetApp's Gross Margin % for the three months ended in Jan. 2024 is calculated as:
Gross Margin % | = | 1 | - | COGS to Revenue |
= | 1 | - | Cost of Goods Sold / Revenue | |
= | 1 | - | 455 / 1606 | |
= | 71.67 % |
* 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.
A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.
Thank you for viewing the detailed overview of NetApp's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael J Berry | officer: EVP Finance & Operations, CFO | C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063 |
Elizabeth M O'callahan | officer: EVP, GC and Secretary | NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128 |
Cesar Cernuda | officer: President | 1395 CROSSMAN AVENUE, SUNNYVALE CA 94089 |
George Kurian | director, officer: Chief Executive Officer | C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089 |
Thomas Michael Nevens | director | C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014 |
Gerald Held | director | |
Robert Parks | officer: Chief Accounting Officer | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560 |
Carrie Palin | director | 1801 CALIFORNIA STREET, SUITE 500, DENVER CO 80202 |
Deepak Ahuja | director | C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304 |
Kathryn Hill | director | 7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007 |
Scott F. Schenkel | director | C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125 |
George T Shaheen | director | |
Deborah Kerr | director | 901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402 |
Harvinder S Bhela | officer: EVP, Chief Product Officer | NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128 |
Matthew K Fawcett | officer: Senior VP, General Counsel | 495 EAST JAVA DRIVE, SUNNYVALE CA 94089 |
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