Cisco Systems Inc (CSCO)

Fixed asset turnover

		Jul 27, 2024	Apr 27, 2024	Jan 27, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 23, 2021	Oct 24, 2020	Jul 25, 2020	Apr 25, 2020	Jan 25, 2020	Oct 26, 2019
Revenue (ttm)	US$ in thousands	53,861,000	54,725,000	56,850,000	57,686,000	56,684,000	54,607,000	52,878,000	52,057,000	51,376,000	51,430,000	51,447,000	50,675,000	49,690,000	48,753,000	47,905,000	47,902,000	49,041,000	50,315,000	51,084,000	51,453,000
Property, plant and equipment	US$ in thousands	2,090,000	2,000,000	2,005,000	2,004,000	2,085,000	2,047,000	1,964,000	1,972,000	1,997,000	2,046,000	2,140,000	2,238,000	2,338,000	2,367,000	2,386,000	2,412,000	2,453,000	2,535,000	2,621,000	2,669,000
Fixed asset turnover		25.77	27.36	28.35	28.79	27.19	26.68	26.92	26.40	25.73	25.14	24.04	22.64	21.25	20.60	20.08	19.86	19.99	19.85	19.49	19.28

July 27, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $53,861,000K ÷ $2,090,000K
= 25.77

Fixed asset turnover is a financial ratio that measures how efficiently a company is using its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.

For Cisco Systems Inc, the fixed asset turnover has shown a generally increasing trend over the specified time periods, ranging from 19.28 to 28.79. This suggests that Cisco has been able to generate more revenue relative to its investment in fixed assets over time.

The highest fixed asset turnover of 28.79 was recorded in October 27, 2023, indicating that Cisco was able to generate $28.79 in revenue for every dollar invested in fixed assets during that period.

Overall, the improving trend in fixed asset turnover for Cisco Systems Inc indicates the company's ability to efficiently utilize its fixed assets to drive revenue growth, which is a positive signal for investors and stakeholders.