Cisco Systems Inc (CSCO)
Receivables turnover
| Jul 31, 2024 | Jul 27, 2024 | Jul 31, 2023 | Jul 29, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,803,000 | 53,861,000 | 56,998,000 | 56,682,000 | 51,557,000 |
| Receivables | US$ in thousands | — | 10,023,000 | — | 9,252,000 | — |
| Receivables turnover | — | 5.37 | — | 6.13 | — |
July 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $53,803,000K ÷ $—K
= —
Cisco Systems Inc's receivables turnover ratio for the financial years ending July 29, 2023, and July 27, 2024, are 6.13 and 5.37, respectively. This ratio indicates the company's efficiency in collecting payments from its customers over a given period. A higher receivables turnover ratio suggests that Cisco is collecting payments more quickly, which is a positive sign of efficient credit management and potentially faster cash conversion. However, it is important to note that a significant change in this ratio can also be influenced by changes in the company's sales volume, credit policies, or industry-specific factors. The absence of a receivables turnover ratio for July 31, 2022 and 2024 limits a direct comparison for those periods. Overall, monitoring changes in the receivables turnover ratio can provide insights into Cisco Systems Inc's effectiveness in managing its accounts receivable and cash flow.
Peer comparison
Jul 31, 2024