Cisco Systems Inc (CSCO)
Payables 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 |
| Payables | US$ in thousands | 2,528,000 | 2,260,000 | 1,902,000 | 1,996,000 | 2,304,000 | 2,304,000 | 2,054,000 | 2,054,000 | 1,848,000 | 1,848,000 | 2,084,000 | 2,084,000 | 2,313,000 | 2,313,000 | 2,442,000 | 2,442,000 | 2,329,000 | 2,329,000 | 2,316,000 | 2,316,000 |
| 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 |
July 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $19,750,000K ÷ $2,528,000K
= 7.81
The payables turnover ratio for Cisco Systems Inc. has demonstrated notable fluctuations over the analyzed periods. Starting at approximately 11.29 in late October 2022, the ratio exhibited a gradual upward trend, reaching a peak of around 14.49 in late January 2024. This increase indicates a reduction in the average number of times the company pays off its accounts payable within a given period, suggesting improved efficiency in settling liabilities or shorter payment cycles.
From the peak, a downward trend is observed, with the ratio declining to approximately 7.81 by mid-2025. This decrease signifies that the company is extending its payment terms, potentially reflecting strategic supplier negotiations, cash flow considerations, or changes in working capital management.
Throughout this period, the ratio's overall movement reflects a dynamic approach to managing payables, with periods of accelerated payments followed by deliberate extensions. The ratio's fluctuations are consistent with typical operational and financial strategies influenced by market conditions and internal policies.
Peer comparison
Jul 31, 2025