Cisco Systems Inc (CSCO)

Number of days of payables

		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
Payables turnover		14.42	16.25	18.29	16.44	14.73	13.54	13.76	13.56	13.51	13.40	14.61	13.32	12.76	12.15	15.51	12.65	13.17	12.46	15.87	15.46
Number of days of payables	days	25.31	22.46	19.96	22.21	24.77	26.96	26.53	26.93	27.02	27.24	24.98	27.40	28.61	30.03	23.54	28.86	27.72	29.29	23.00	23.61

July 27, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.42
= 25.31

The number of days of payables for Cisco Systems Inc has shown some fluctuations over the past few years. On average, the company takes around 25 to 30 days to pay its suppliers. The trend indicates that the number of days of payables has been relatively stable around this range. It is important to note that a lower number of days of payables could indicate that the company is managing its working capital efficiently, while a higher number may suggest a slower payment cycle. This metric is crucial for assessing the company's liquidity and its ability to manage its cash flow effectively. Cisco Systems Inc should continue to monitor and manage its payables to maintain a healthy balance between payment timeliness and cash conservation.