Cisco Systems Inc (CSCO)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 53,861,000 | 54,725,000 | 56,850,000 | 57,686,000 | 56,684,000 | 54,607,000 | 52,878,000 | 52,057,000 | 51,376,000 | 51,430,000 | 51,447,000 | 50,675,000 | 49,690,000 | 48,753,000 | 47,905,000 | 47,902,000 | 49,041,000 | 50,315,000 | 51,084,000 | 51,453,000 |
| Receivables | US$ in thousands | 10,023,000 | 8,570,000 | 8,360,000 | 8,247,000 | 9,252,000 | 8,502,000 | 8,757,000 | 9,122,000 | 10,505,000 | 9,587,000 | 9,997,000 | 9,376,000 | 10,146,000 | -110,000 | 9,334,000 | 9,085,000 | 10,523,000 | 9,272,000 | 9,157,000 | 9,904,000 |
| Receivables turnover | 5.37 | 6.39 | 6.80 | 6.99 | 6.13 | 6.42 | 6.04 | 5.71 | 4.89 | 5.36 | 5.15 | 5.40 | 4.90 | — | 5.13 | 5.27 | 4.66 | 5.43 | 5.58 | 5.20 |
July 27, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $53,861,000K ÷ $10,023,000K
= 5.37
Cisco Systems Inc's receivables turnover ratio has fluctuated over the past years, ranging from 4.66 to 6.99 times. This ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting outstanding receivables more quickly.
Based on the data provided, Cisco's receivables turnover has generally been within a moderate range, reflecting a steady ability to collect outstanding payments from customers. The highest turnover ratio of 6.99 was recorded in the most recent period, indicating an improvement in the efficiency of the company's receivables collection process.
It is essential for Cisco to monitor its receivables turnover consistently to ensure optimal cash flow management and timely collection of outstanding receivables. By analyzing trends in this ratio over time, the company can identify any areas for improvement in its credit and collection policies.
Peer comparison
Jul 27, 2024