NetApp Other Operating Expenses vs Net Income Analysis
NTAP Stock | USD 101.33 0.39 0.39% |
NetApp financial indicator trend analysis is infinitely more than just investigating NetApp Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetApp Inc is a good investment. Please check the relationship between NetApp Other Operating Expenses and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Other Operating Expenses vs Net Income
Other Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Other Operating Expenses account and Net Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between NetApp's Other Operating Expenses and Net Income is 0.29. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of NetApp Inc, assuming nothing else is changed. The correlation between historical values of NetApp's Other Operating Expenses and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of NetApp Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Other Operating Expenses i.e., NetApp's Other Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of NetApp Inc. It is also known as NetApp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in NetApp Inc financial statement analysis. It represents the amount of money remaining after all of NetApp Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from NetApp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetApp Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. As of 04/28/2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop slightly above 215.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.2B | 4.2B | 4.8B | 2.4B | Total Revenue | 6.3B | 6.4B | 7.3B | 3.9B |
NetApp fundamental ratios Correlations
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NetApp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NetApp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.5B | 9.4B | 10.0B | 9.8B | 11.3B | 6.1B | |
Short Long Term Debt Total | 1.7B | 2.6B | 2.6B | 2.4B | 2.7B | 2.9B | |
Other Current Liab | 774M | 921M | 925M | 810M | 931.5M | 978.1M | |
Total Current Liabilities | 3.6B | 3.5B | 4.0B | 3.5B | 4.0B | 2.1B | |
Total Stockholder Equity | 242M | 685M | 838M | 1.2B | 1.3B | 1.9B | |
Property Plant And Equipment Net | 727M | 525M | 602M | 650M | 747.5M | 637.6M | |
Current Deferred Revenue | 1.9B | 2.1B | 2.2B | 2.2B | 2.6B | 2.7B | |
Net Debt | (1.2B) | (2.0B) | (1.5B) | 73M | 65.7M | 69.0M | |
Accounts Payable | 426M | 420M | 607M | 392M | 450.8M | 233.6M | |
Cash | 2.9B | 4.6B | 4.1B | 2.3B | 2.7B | 2.6B | |
Non Current Assets Total | 3.2B | 3.4B | 4.1B | 5.1B | 5.9B | 6.2B | |
Non Currrent Assets Other | 699M | 694M | 526M | 1.5B | 1.8B | 1.9B | |
Cash And Short Term Investments | 2.9B | 4.6B | 4.1B | 3.1B | 3.5B | 3.0B | |
Net Receivables | 973M | 945M | 1.2B | 987M | 1.1B | 613.5M | |
Common Stock Shares Outstanding | 233M | 226M | 229M | 220M | 198M | 255.4M | |
Short Term Investments | 224M | 67M | 22M | 754M | 867.1M | 1.3B | |
Liabilities And Stockholders Equity | 7.5B | 9.4B | 10.0B | 9.8B | 11.3B | 6.1B | |
Non Current Liabilities Total | 3.7B | 5.2B | 5.2B | 5.2B | 6.0B | 6.3B | |
Inventory | 145M | 114M | 204M | 167M | 192.1M | 201.7M | |
Other Current Assets | 274M | 346M | 377M | 456M | 524.4M | 616.8M | |
Total Liab | 7.3B | 8.7B | 9.2B | 8.7B | 10.0B | 10.5B | |
Total Current Assets | 4.3B | 6.0B | 5.9B | 4.7B | 5.4B | 4.0B | |
Accumulated Other Comprehensive Income | (42M) | (30M) | (44M) | (51M) | (45.9M) | (43.6M) | |
Short Term Debt | 522M | 49M | 250M | 47M | 54.1M | 51.3M | |
Common Stock | 242M | 685M | 760M | 945M | 1.1B | 1.1B | |
Common Stock Total Equity | 284M | 504M | 760M | 945M | 1.1B | 750.9M | |
Other Stockholder Equity | 42M | (181M) | (44M) | (51M) | (58.7M) | (55.7M) | |
Property Plant And Equipment Gross | 864M | 639M | 2.1B | 2.3B | 2.6B | 2.8B | |
Other Liab | 2.4B | 2.6B | 2.8B | 2.6B | 2.9B | 3.1B | |
Other Assets | 535M | 694M | 991M | 1.2B | 1.4B | 1.4B | |
Property Plant Equipment | 727M | 525M | 602M | 650M | 747.5M | 741.8M | |
Good Will | 1.8B | 2.0B | 2.3B | 2.8B | 3.2B | 3.3B | |
Intangible Assets | 44M | 101M | 142M | 181M | 162.9M | 95.5M | |
Long Term Debt | 1.1B | 2.6B | 2.4B | 2.4B | 2.7B | 2.9B | |
Net Tangible Assets | (1.6B) | (1.5B) | (1.7B) | (1.8B) | (1.6B) | (1.5B) | |
Deferred Long Term Liab | 97M | 89M | 111M | 117M | 105.3M | 100.0M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.
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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.933 | Dividend Share 2 | Earnings Share 4.39 | Revenue Per Share 29.398 | Quarterly Revenue Growth 0.052 |
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NetApp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.