Cisco Systems Inc (CSCO)
Payables turnover
| Jul 31, 2024 | Jul 27, 2024 | Jul 31, 2023 | Jul 29, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 18,975,000 | 33,782,000 | 21,245,000 | 34,408,000 | 19,309,000 |
| Payables | US$ in thousands | — | 2,304,000 | — | 2,313,000 | — |
| Payables turnover | — | 14.66 | — | 14.88 | — |
July 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $18,975,000K ÷ $—K
= —
Cisco Systems Inc's payables turnover ratio indicates how efficiently the company is managing its accounts payable. The ratio is calculated by dividing the total purchases during a period by the average trade payables outstanding during that period.
Based on the data provided:
- July 29, 2023: The payables turnover ratio was 14.88, indicating that on average, Cisco Systems Inc paid its trade payables almost 15 times during the fiscal year.
- July 27, 2024: The payables turnover ratio was 14.66, suggesting that the company maintained a similar level of efficiency in managing its accounts payable the following year.
The absence of data for other periods makes it challenging to assess the trend of the payables turnover ratio over time. However, the ratios observed for July 2023 and July 2024 reflect a relatively high frequency of payments to suppliers, demonstrating effective management of payables by Cisco Systems Inc during these periods.
Peer comparison
Jul 31, 2024