Cisco Systems Inc (CSCO)
Fixed asset turnover
| Jul 31, 2024 | Jul 27, 2024 | Jul 31, 2023 | Jul 29, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,803,000 | 53,861,000 | 56,998,000 | 56,682,000 | 51,557,000 |
| Property, plant and equipment | US$ in thousands | — | 2,090,000 | 2,085,000 | 2,085,000 | 1,997,000 |
| Fixed asset turnover | — | 25.77 | 27.34 | 27.19 | 25.82 |
July 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $53,803,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate net sales revenue from its fixed assets. In the case of Cisco Systems Inc, the trend in fixed asset turnover over the years shows a generally positive performance.
The fixed asset turnover ratios for the years provided are as follows:
- July 31, 2022: 25.82
- July 29, 2023: 27.19
- July 31, 2023: 27.34
- July 27, 2024: 25.77
The fixed asset turnover ratio for July 31, 2024 is not available.
The increasing trend in fixed asset turnover from 2022 to 2023 indicates that Cisco Systems Inc has been more efficient in utilizing its fixed assets to generate sales revenue during these years. However, the slight decrease in the ratio for July 27, 2024 suggests a potential decline in efficiency in using fixed assets to generate revenue for that particular year.
Overall, Cisco Systems Inc's fixed asset turnover has shown a positive trend with some fluctuations, indicating varying efficiency in utilizing its fixed assets to generate sales revenue over the years. Monitoring this ratio can provide insights into the company's operational efficiency and asset utilization.
Peer comparison
Jul 31, 2024