Cisco Systems Inc (CSCO)

Number of days of payables

		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
Payables turnover		7.81	8.55	12.25	11.45	11.41	11.29	12.12	12.45	14.02	14.49	13.46	13.57	12.26	12.14	11.17	11.15	11.57	11.57	11.54	11.29
Number of days of payables	days	46.72	42.67	29.79	31.88	31.99	32.34	30.11	29.31	26.04	25.18	27.12	26.90	29.76	30.07	32.68	32.74	31.54	31.55	31.63	32.32

July 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.81
= 46.72

The data indicates that the number of days of payables for Cisco Systems Inc. has experienced fluctuations over the examined period. Starting from approximately 32.32 days in late October 2022, the payable days remained relatively stable through the end of January 2023, with values around 31.54 to 31.63 days. A slight increase was observed in April 2023, reaching approximately 32.74 days, before decreasing again to approximately 29.76 days by the end of July 2023.

From late October 2023 onwards, there was a noticeable decline, with the payable days averaging around 26.90 to 27.12 days, reflecting a shorter period to settle obligations. This trend continued into early 2024, where payable days ranged between 25.18 and 26.04 days.

However, a significant upward shift is observed from April 2024 onward, with the payable days rising to approximately 29.31 to 30.11 days. The upward trajectory accelerated notably by July 2024, reaching nearly 33 days, and further increased substantially in late 2024 and into early 2025, where payable days extended to approximately 42.67 days in April 2025 and further to 46.72 days by July 2025.

This progression indicates periods of both tightening and loosening of payment terms. The initial stability and slight decline suggest periods of shorter payment cycles, possibly reflecting improved liquidity management or strategic payment practices. Conversely, the sharp increase from early 2024 onward may signal extended payables, potentially indicating shifts in supplier terms, cash flow management strategies, or liquidity considerations. Overall, the trend demonstrates a dynamic adjustment in the company's accounts payable periods over the analyzed timeline.