Cisco Systems Inc (CSCO)

Number of days of payables

		Jul 27, 2024	Jul 29, 2023	Jul 30, 2022	Jul 31, 2021	Jul 25, 2020
Payables turnover		14.66	14.88	13.51	12.87	13.24
Number of days of payables	days	24.89	24.54	27.01	28.35	27.56

July 27, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.66
= 24.89

The number of days of payables for Cisco Systems Inc has shown a consistent trend over the past five years. As of July 27, 2024, the company took approximately 24.89 days to pay its payables, which was slightly higher compared to the previous fiscal year. This suggests that Cisco is managing its payables efficiently, as it is taking less time to pay off its obligations.

Looking back over the past five years, there has been a gradual decrease in the number of days of payables from 2018 to 2021, indicating improved efficiency in managing its accounts payable. In 2021, the company took the longest time in the period to pay its obligations at 28.35 days before making improvements in subsequent years.

Overall, the stable and relatively low number of days of payables for Cisco Systems Inc reflects a good liquidity position, indicating that the company is effectively managing its working capital by balancing its payment obligations with its cash flow.