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NetApp Asset Turnover

: 0.17 (As of Oct. 2021)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. NetApp's Revenue for the three months ended in Oct. 2021 was $1,566 Mil. NetApp's Total Assets for the quarter that ended in Oct. 2021 was $9,189 Mil. Therefore, NetApp's Asset Turnover for the quarter that ended in Oct. 2021 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. NetApp's annualized ROE % for the quarter that ended in Oct. 2021 was 121.16%. It is also linked to ROA % through Du Pont Formula. NetApp's annualized ROA % for the quarter that ended in Oct. 2021 was 9.75%.


NetApp Asset Turnover Historical Data

The historical data trend for NetApp's Asset Turnover 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
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 0.61 0.66 0.67 0.68

NetApp Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
Asset Turnover 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 0.17 0.17 0.17 0.16 0.17

NetApp Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

NetApp's Asset Turnover for the fiscal year that ended in Apr. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2021 )/( (Total Assets (A: Apr. 2020 )+Total Assets (A: Apr. 2021 ))/ count )
=5744/( (7522+9360)/ 2 )
=5744/8441
=0.68

NetApp's Asset Turnover for the quarter that ended in Oct. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2021 )/( (Total Assets (Q: Jul. 2021 )+Total Assets (Q: Oct. 2021 ))/ count )
=1566/( (9156+9222)/ 2 )
=1566/9189
=0.17

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


NetApp  (NAS:NTAP) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

NetApp's annulized ROE % for the quarter that ended in Oct. 2021 is

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 %

Note: The Net Income data used here is four times the quarterly (Oct. 2021) net income data. The Revenue data used here is four times the quarterly (Oct. 2021) 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.

** 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.

It is also linked to ROA % through Du Pont Formula:

NetApp's annulized ROA % for the quarter that ended in Oct. 2021 is

ROA %(Q: Oct. 2021 )
=Net Income/Total Assets
=896/9189
=(Net Income / Revenue)*(Revenue / Total Assets)
=(896 / 6264)*(6264 / 9189)
=Net Margin %*Asset Turnover
=14.3 %*0.6817
=9.75 %

Note: The Net Income data used here is four times the quarterly (Oct. 2021) net income data. The Revenue data used here is four times the quarterly (Oct. 2021) 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


NetApp Asset Turnover Related Terms

Thank you for viewing the detailed overview of NetApp's Asset Turnover 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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