NetApp Property Plant and Equipment Net vs Investments Analysis
NTAP Stock | USD 99.42 1.51 1.54% |
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 Property Plant And Equipment Net and its Investments 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.
Property Plant And Equipment Net vs Investments
Property Plant and Equipment Net vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Property Plant and Equipment Net account and Investments. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NetApp's Property Plant and Equipment Net and Investments is 0.12. Overlapping area represents the amount of variation of Property Plant and Equipment Net that can explain the historical movement of Investments 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 Property Plant and Equipment Net and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant and Equipment Net of NetApp Inc are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Property Plant and Equipment Net i.e., NetApp's Property Plant and Equipment Net and Investments go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.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 04/23/2024, 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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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.