Cisco Systems Inc (CSCO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 56,654,000 | 55,623,000 | 55,724,000 | 54,435,000 | 52,960,000 | 52,109,000 | 50,539,000 | 52,505,000 | 54,704,000 | 57,116,000 | 59,550,000 | 59,453,000 | 59,379,000 | 57,768,000 | 56,170,000 | 55,231,000 | 54,303,000 | 53,813,000 | 53,334,000 | 52,537,000 |
| Receivables | US$ in thousands | 6,701,000 | 8,235,000 | 8,743,000 | 7,580,000 | 10,023,000 | 10,023,000 | 8,570,000 | 8,570,000 | 8,360,000 | 8,360,000 | 8,247,000 | 8,247,000 | 9,206,000 | 9,252,000 | 8,506,000 | 8,502,000 | 8,794,000 | 8,757,000 | 9,122,000 | 9,122,000 |
| Receivables turnover | 8.45 | 6.75 | 6.37 | 7.18 | 5.28 | 5.20 | 5.90 | 6.13 | 6.54 | 6.83 | 7.22 | 7.21 | 6.45 | 6.24 | 6.60 | 6.50 | 6.18 | 6.15 | 5.85 | 5.76 |
July 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $56,654,000K ÷ $6,701,000K
= 8.45
Analyzing the receivables turnover ratios for Cisco Systems Inc. over the period spanning October 2022 through July 2025 reveals fluctuations indicative of the company's changing efficiency in collecting accounts receivable. The ratio demonstrated a gradual upward trend from October 2022 (5.76) through April 2023 (6.60), suggesting an improvement in the collection process during that period. The ratio peaked around October 2023 at 7.22, reflecting further enhanced receivables management.
Subsequently, the ratios exhibited a decline, reaching approximately 5.20-5.28 by mid-2024. This decrease indicates a potential slowdown in collection efficiency or changes in credit policies. However, the ratio experienced a noteworthy resurgence at the end of the observed period, with projections for October 2024 reaching 7.18 and further increases through January 2025 (6.37), April 2025 (6.75), and ultimately a significant jump to 8.45 in July 2025. This substantial increase suggests a marked improvement in receivables collection efficiency, possibly due to operational improvements, tighter credit controls, or favorable changes in customer payment behaviors.
Overall, the trend reflects periods of both improvement and contraction in receivables turnover, with a pronounced upward trajectory toward the latter part of the timeframe. This pattern indicates a positive shift in Cisco's ability to convert receivables into cash more rapidly, which can enhance liquidity and reduce credit risk exposure over time.
Peer comparison
Jul 31, 2025