Cisco Systems Inc (CSCO)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 56,654,000 | 55,623,000 | 55,724,000 | 54,435,000 | 52,960,000 | 52,109,000 | 50,539,000 | 52,505,000 | 54,704,000 | 57,116,000 | 59,550,000 | 59,453,000 | 59,379,000 | 57,768,000 | 56,170,000 | 55,231,000 | 54,303,000 | 53,813,000 | 53,334,000 | 52,537,000 |
| Property, plant and equipment | US$ in thousands | — | 3,295,000 | 3,126,000 | 3,174,000 | — | 2,090,000 | — | 2,000,000 | — | 2,005,000 | 2,004,000 | 2,004,000 | 2,085,000 | 2,085,000 | 2,047,000 | 2,047,000 | 1,964,000 | 1,964,000 | 1,972,000 | 1,972,000 |
| Fixed asset turnover | — | 16.88 | 17.83 | 17.15 | — | 24.93 | — | 26.25 | — | 28.49 | 29.72 | 29.67 | 28.48 | 27.71 | 27.44 | 26.98 | 27.65 | 27.40 | 27.05 | 26.64 |
July 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $56,654,000K ÷ $—K
= —
The fixed asset turnover ratio for Cisco Systems Inc. demonstrates notable fluctuations over the analyzed period, reflecting changes in the company's efficiency in utilizing its fixed assets to generate sales.
Between October 29, 2022, and October 31, 2023, the ratio experienced a general upward trend, starting at 26.64 and reaching a peak of 29.72. This increase suggests an improving efficiency in asset utilization, with the company generating more sales per dollar of fixed assets during this period. The peak in October 2023 aligns with a period of heightened operational effectiveness or strategic asset management.
Subsequently, the ratio displays a decline. From October 2023 onwards, the fixed asset turnover decreases notably, falling to 26.25 by April 2024 and further down to 24.93 by July 2024. This downward movement indicates a reduction in asset utilization efficiency, implying that sales are generating less revenue per fixed asset dollar as time progresses.
By October 2024, the ratio declines sharply to 17.15, marking a significant drop from prior levels. This trend continues into early 2025, with the ratio reaching 17.83 in January and decreasing further to 16.88 in April 2025. The substantial decrease suggests increased fixed assets relative to sales or potential underutilization, raising questions about operational efficiency and asset management effectiveness during this period.
Overall, the fixed asset turnover ratio exhibits an initial period of growth followed by a pronounced decline, signaling that Cisco's efficiency in asset utilization has decreased substantially in the most recent periods. Such a trend warrants further analysis of underlying operational factors, investment strategies, or asset management practices that may have contributed to this shift.
Peer comparison
Jul 31, 2025