NetApp Total Current Assets vs Retained Earnings Analysis

NTAP Stock

USD 125.47 2.56 2.08%

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 Total Current Assets and its Retained Earnings 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 closely tied with the direction of predictive economic indicators such as signals in nation.

Total Current Assets vs Retained Earnings

Total Current Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between NetApp's Total Current Assets and Retained Earnings is 0.42. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings 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 Total Current Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of NetApp Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., NetApp's Total Current Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 closely tied with the direction of predictive economic indicators such as signals in nation.

As of 06/12/2024, Selling General Administrative is likely to drop to about 220 M. In addition to that, Tax Provision is likely to grow to about (177.8 M)

	2021	2022	2023	2024 (projected)
Gross Profit	4.2B	4.2B	4.4B	2.5B
Total Revenue	6.3B	6.4B	6.3B	4.0B

Gross Profit Total Revenue

NetApp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Other Stockholder Equity
Total Assets		0.67	0.56	0.9	0.49	0.74	0.85	-0.33	0.27	0.45	0.5	0.56	0.18	0.84	0.79	0.25	0.2	0.54	0.79	0.6	0.69	0.91	0.42	0.5	0.29	-0.26
Short Long Term Debt Total	0.67		0.88	0.71	-0.06	0.16	0.74	0.27	-0.02	0.71	-0.04	0.84	0.65	0.38	0.65	-0.36	0.2	0.88	0.58	0.49	0.93	0.46	0.05	-0.1	0.22	0.06
Other Current Liab	0.56	0.88		0.73	-0.12	0.13	0.64	0.38	0.06	0.8	-0.19	0.83	0.64	0.26	0.67	-0.35	0.3	0.78	0.57	0.44	0.9	0.36	0.16	-0.17	0.01	-0.02
Total Current Liabilities	0.9	0.71	0.73		0.22	0.54	0.87	-0.18	0.17	0.6	0.35	0.6	0.26	0.65	0.86	0.0	0.11	0.57	0.83	0.42	0.75	0.74	0.45	0.23	0.24	-0.16
Total Stockholder Equity	0.49	-0.06	-0.12	0.22		0.87	0.0	-0.52	0.64	-0.31	0.54	-0.07	-0.32	0.79	-0.01	0.93	0.47	-0.3	0.18	0.53	-0.1	0.72	0.72	0.99	0.14	-0.65
Property Plant And Equipment Net	0.74	0.16	0.13	0.54	0.87		0.38	-0.54	0.51	-0.01	0.6	0.17	-0.17	0.87	0.4	0.77	0.36	0.01	0.46	0.62	0.22	0.87	0.68	0.87	0.17	-0.52
Current Deferred Revenue	0.85	0.74	0.64	0.87	0.0	0.38		-0.06	-0.12	0.65	0.23	0.7	0.43	0.48	0.91	-0.24	-0.03	0.79	0.82	0.44	0.83	0.61	0.01	0.01	0.25	0.14
Net Debt	-0.33	0.27	0.38	-0.18	-0.52	-0.54	-0.06		-0.31	0.35	-0.97	0.53	0.77	-0.61	-0.11	-0.65	0.46	0.37	-0.04	0.13	0.3	-0.56	-0.41	-0.61	-0.15	0.35
Retained Earnings	0.27	-0.02	0.06	0.17	0.64	0.51	-0.12	-0.31		-0.3	0.32	-0.11	-0.3	0.46	-0.04	0.67	0.26	-0.32	0.18	0.31	-0.14	0.42	0.63	0.63	-0.43	-1.0
Accounts Payable	0.45	0.71	0.8	0.6	-0.31	-0.01	0.65	0.35	-0.3		-0.19	0.71	0.51	0.13	0.76	-0.5	0.16	0.84	0.57	0.39	0.86	0.26	-0.16	-0.35	0.15	0.33
Cash	0.5	-0.04	-0.19	0.35	0.54	0.6	0.23	-0.97	0.32	-0.19		-0.35	-0.65	0.73	0.27	0.6	-0.42	-0.17	0.17	-0.01	-0.08	0.69	0.44	0.61	0.21	-0.35
Non Current Assets Total	0.56	0.84	0.83	0.6	-0.07	0.17	0.7	0.53	-0.11	0.71	-0.35		0.88	0.16	0.61	-0.38	0.42	0.85	0.63	0.64	0.9	0.27	-0.04	-0.15	0.12	0.16
Non Currrent Assets Other	0.18	0.65	0.64	0.26	-0.32	-0.17	0.43	0.77	-0.3	0.51	-0.65	0.88		-0.22	0.27	-0.6	0.41	0.71	0.31	0.41	0.68	-0.13	-0.25	-0.4	0.15	0.35
Cash And Short Term Investments	0.84	0.38	0.26	0.65	0.79	0.87	0.48	-0.61	0.46	0.13	0.73	0.16	-0.22		0.47	0.65	0.24	0.15	0.46	0.53	0.34	0.98	0.63	0.81	0.3	-0.48
Net Receivables	0.79	0.65	0.67	0.86	-0.01	0.4	0.91	-0.11	-0.04	0.76	0.27	0.61	0.27	0.47		-0.17	-0.04	0.73	0.8	0.42	0.8	0.61	0.07	0.0	0.11	0.06
Common Stock Shares Outstanding	0.25	-0.36	-0.35	0.0	0.93	0.77	-0.24	-0.65	0.67	-0.5	0.6	-0.38	-0.6	0.65	-0.17		0.28	-0.56	-0.03	0.28	-0.38	0.55	0.68	0.94	-0.03	-0.7
Short Term Investments	0.2	0.2	0.3	0.11	0.47	0.36	-0.03	0.46	0.26	0.16	-0.42	0.42	0.41	0.24	-0.04	0.28		0.07	0.16	0.64	0.23	0.23	0.35	0.38	0.12	-0.24
Non Current Liabilities Total	0.54	0.88	0.78	0.57	-0.3	0.01	0.79	0.37	-0.32	0.84	-0.17	0.85	0.71	0.15	0.73	-0.56	0.07		0.55	0.46	0.95	0.28	-0.34	-0.34	0.16	0.36
Inventory	0.79	0.58	0.57	0.83	0.18	0.46	0.82	-0.04	0.18	0.57	0.17	0.63	0.31	0.46	0.8	-0.03	0.16	0.55		0.57	0.68	0.59	0.26	0.18	0.13	-0.15
Other Current Assets	0.6	0.49	0.44	0.42	0.53	0.62	0.44	0.13	0.31	0.39	-0.01	0.64	0.41	0.53	0.42	0.28	0.64	0.46	0.57		0.58	0.59	0.25	0.45	0.03	-0.28
Total Liab	0.69	0.93	0.9	0.75	-0.1	0.22	0.83	0.3	-0.14	0.86	-0.08	0.9	0.68	0.34	0.8	-0.38	0.23	0.95	0.68	0.58		0.46	-0.03	-0.15	0.19	0.18
Total Current Assets	0.91	0.46	0.36	0.74	0.72	0.87	0.61	-0.56	0.42	0.26	0.69	0.27	-0.13	0.98	0.61	0.55	0.23	0.28	0.59	0.59	0.46		0.58	0.74	0.28	-0.43
Short Term Debt	0.42	0.05	0.16	0.45	0.72	0.68	0.01	-0.41	0.63	-0.16	0.44	-0.04	-0.25	0.63	0.07	0.68	0.35	-0.34	0.26	0.25	-0.03	0.58		0.73	0.14	-0.64
Common Stock	0.5	-0.1	-0.17	0.23	0.99	0.87	0.01	-0.61	0.63	-0.35	0.61	-0.15	-0.4	0.81	0.0	0.94	0.38	-0.34	0.18	0.45	-0.15	0.74	0.73		0.16	-0.65
Common Stock Total Equity	0.29	0.22	0.01	0.24	0.14	0.17	0.25	-0.15	-0.43	0.15	0.21	0.12	0.15	0.3	0.11	-0.03	0.12	0.16	0.13	0.03	0.19	0.28	0.14	0.16		0.42
Other Stockholder Equity	-0.26	0.06	-0.02	-0.16	-0.65	-0.52	0.14	0.35	-1.0	0.33	-0.35	0.16	0.35	-0.48	0.06	-0.7	-0.24	0.36	-0.15	-0.28	0.18	-0.43	-0.64	-0.65	0.42

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NetApp Account Relationship Matchups

NetApp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	9.4B	10.0B	9.8B	9.9B	6.2B
Short Long Term Debt Total	1.7B	2.6B	2.6B	2.4B	2.4B	2.5B
Other Current Liab	774M	921M	925M	810M	1.0B	1.1B
Total Current Liabilities	3.6B	3.5B	4.0B	3.5B	4.1B	2.2B
Total Stockholder Equity	242M	685M	838M	1.2B	1.1B	1.9B
Property Plant And Equipment Net	727M	525M	602M	650M	604M	638.6M
Current Deferred Revenue	1.9B	2.1B	2.2B	2.2B	2.2B	1.1B
Net Debt	(1.2B)	(2.0B)	(1.5B)	73M	5.6B	5.9B
Accounts Payable	426M	420M	607M	392M	517M	542.9M
Cash	2.9B	4.6B	4.1B	2.3B	(3.3B)	(3.1B)
Non Current Assets Total	3.2B	3.4B	4.1B	5.1B	5.0B	5.2B
Non Currrent Assets Other	699M	694M	526M	1.5B	1.5B	1.6B
Cash And Short Term Investments	2.9B	4.6B	4.1B	3.1B	3.3B	3.0B
Net Receivables	973M	945M	1.2B	987M	1.0B	630.5M
Common Stock Shares Outstanding	233M	226M	229M	220M	213M	252.4M
Short Term Investments	224M	67M	22M	754M	6.5B	6.8B
Liabilities And Stockholders Equity	7.5B	9.4B	10.0B	9.8B	9.9B	6.2B
Non Current Liabilities Total	3.7B	5.2B	5.2B	5.2B	4.6B	4.9B
Inventory	145M	114M	204M	167M	186M	98.0M
Other Current Assets	274M	346M	377M	456M	452M	612.7M
Total Liab	7.3B	8.7B	9.2B	8.7B	8.7B	9.2B
Total Current Assets	4.3B	6.0B	5.9B	4.7B	4.9B	4.0B
Accumulated Other Comprehensive Income	(42M)	(30M)	(44M)	(51M)	(59M)	(56.1M)
Short Term Debt	522M	49M	250M	47M	400M	422.2M
Common Stock	242M	685M	760M	945M	997M	1.1B
Common Stock Total Equity	284M	504M	760M	945M	1.1B	750.9M
Other Stockholder Equity	42M	(181M)	(44M)	(51M)	(45.9M)	(43.6M)
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	124M	95.7M
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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NetApp Total Current Assets vs Retained Earnings Analysis

Total Current Assets vs Retained Earnings

Total Current Assets vs Retained Earnings Correlation Analysis

Correlation Coefficient

Total Current Assets

Retained Earnings

NetApp fundamental ratios Correlations

NetApp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NetApp fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for NetApp Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Liab	+ 0.95	Non Current Liabilities Total
Common Stock	+ 0.94	Common Stock Shares Outstanding
Total Liab	+ 0.93	Short Long Term Debt Total
Common Stock Shares Outstanding	+ 0.93	Total Stockholder Equity

Other Stockholder Equity	- 1.0	Retained Earnings
Cash	- 0.97	Net Debt
Other Stockholder Equity	- 0.7	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.65	Common Stock
Non Currrent Assets Other	- 0.65	Cash
Common Stock Shares Outstanding	- 0.65	Net Debt