Cisco Systems Inc (CSCO)

Days of inventory on hand (DOH)

		Jul 31, 2025	Jul 31, 2024	Jul 27, 2024	Jul 31, 2023	Jul 29, 2023
Inventory turnover		6.61	5.63	10.02	5.83	9.44
DOH	days	55.18	64.88	36.44	62.61	38.66

July 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.61
= 55.18

The analysis of Cisco Systems Inc.'s days of inventory on hand (DOH) reveals notable fluctuations over the provided periods. As of July 29, 2023, the DOH stood at approximately 38.66 days, indicating the average number of days inventory was held before sale. This figure increased markedly by July 31, 2023, to approximately 62.61 days, suggesting a significant extension in inventory holding periods within that short interval.

Subsequently, the DOH decreased substantially by July 27, 2024, to approximately 36.44 days, approaching the earlier lower range observed in 2023. However, by July 31, 2024, the DOH rose again to roughly 64.88 days, indicating a renewed elongation in inventory holding periods. The trend continued into July 31, 2025, with the DOH at approximately 55.18 days, reflecting a reduction from the peak observed in mid-2024 but still higher than the levels seen in mid-2023.

This pattern exhibits considerable volatility, with periods of both shorter and extended inventory holding times. Such fluctuations may be driven by various factors including changes in inventory management strategies, product demand cycles, supply chain conditions, or strategic stockpiling initiatives. Overall, the DOH experience suggests periods of inventory build-up followed by liquidation phases, implying possible challenges in aligning inventory levels with sales forecasts or strategic adjustments over the observed timeframe.