Cisco Systems Inc (CSCO)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 19,750,000 | 19,332,000 | 23,306,000 | 22,855,000 | 26,292,000 | 26,005,000 | 24,899,000 | 25,581,000 | 25,905,000 | 26,786,000 | 28,048,000 | 28,276,000 | 28,367,000 | 28,077,000 | 27,274,000 | 27,221,000 | 26,956,000 | 26,941,000 | 26,724,000 | 26,152,000 |
| Inventory | US$ in thousands | 3,095,000 | 2,832,000 | 2,927,000 | 3,143,000 | 3,373,000 | 3,373,000 | 3,118,000 | 3,118,000 | 3,209,000 | 3,209,000 | 3,342,000 | 3,342,000 | 3,644,000 | 3,644,000 | 3,474,000 | 3,474,000 | 3,140,000 | 3,140,000 | 2,664,000 | 2,664,000 |
| 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 |
July 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $19,750,000K ÷ $3,095,000K
= 6.38
The inventory turnover ratio for Cisco Systems Inc. exhibits a fluctuating trend over the analyzed period. Starting at 9.82 in October 2022, the ratio increased slightly to 10.03 by the end of October 2022, indicating a relatively high efficiency in inventory utilization. However, by January 2023, it declined to 8.58, reflecting a decrease in inventory turnover efficiency.
Throughout 2023, the ratio continued to exhibit a downward trajectory, reaching a low of approximately 7.70–7.78 during mid-year, before showing some signs of recovery towards the end of the year, with a value of 8.39 in October 2023. This suggests some stabilization in inventory management practices during this period, albeit at a level still below the initial figures observed in late 2022.
In early 2024, the ratio remains relatively stable, with slight declines to 8.07 in January and marginal improvements to 8.20 and 7.99 by April, indicating ongoing consistency in inventory turnover. However, a noticeable decrease occurs in late 2024, with the ratio dropping to 7.27 in October, further diminishing to 6.83 in April 2025.
By mid-2025, the inventory turnover ratio approaches lower levels around 6.38–6.83, suggesting a significant reduction in the frequency of inventory sold and replaced within a given period. Overall, this trend may imply either increased inventory holdings relative to sales or a slowdown in sales velocity, warranting attention to inventory management efficiencies and sales performance strategies.
Peer comparison
Jul 31, 2025
Jul 31, 2025