Cisco Systems Inc (CSCO)

Days of inventory on hand (DOH)

		Jul 31, 2025	Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Jul 27, 2024	Apr 30, 2024	Apr 27, 2024	Jan 31, 2024	Jan 27, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022
Inventory turnover		6.38	6.83	7.96	7.27	7.79	7.71	7.99	8.20	8.07	8.35	8.39	8.46	7.78	7.70	7.85	7.84	8.58	8.58	10.03	9.82
DOH	days	57.20	53.47	45.84	50.19	46.83	47.34	45.71	44.49	45.21	43.73	43.49	43.14	46.89	47.37	46.49	46.58	42.52	42.54	36.39	37.18

July 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.38
= 57.20

The analysis of Cisco Systems Inc.'s days of inventory on hand (DOH) from October 2022 to July 2025 reveals a general upward trend in inventory holding periods over this period. At the beginning of the observation window, in October 2022, the DOH was approximately 36.39 days, indicating that Cisco held inventory for about 36 days on average. This figure increased gradually over subsequent periods, reaching around 43.49 days by October 2023.

From late 2023 onwards, the DOH exhibited further increments, with notable peaks occurring in April 2025 at approximately 53.47 days and in July 2025 at roughly 57.20 days. These figures suggest that Cisco has been maintaining inventory for increasingly longer durations, reflecting a rising trend in the company's inventory holding period.

This prolongation in DOH could be indicative of several operational or strategic factors, such as changes in inventory management policies, adjustments to supply chain strategies, or variations in the demand for Cisco products. The consistent increase over time also suggests potential challenges in inventory turnover efficiency, which could impact overall capital utilization and working capital management.

Overall, the data shows a clear trajectory of rising inventory levels relative to sales, warranting a closer examination of underlying causes and potential implications for Cisco's operational efficiency and financial performance.