Cisco Systems Inc (CSCO)
Total asset 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 |
| Total assets | US$ in thousands | 124,413,000 | 124,413,000 | 101,852,000 | 101,852,000 | 94,002,000 |
| Total asset turnover | 0.43 | 0.43 | 0.56 | 0.56 | 0.55 |
July 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $53,803,000K ÷ $124,413,000K
= 0.43
Total asset turnover is a measure of how efficiently a company is generating sales revenue from its assets. For Cisco Systems Inc, the total asset turnover ratio has been relatively stable over the past few years, ranging between 0.43 and 0.56. This indicates that the company is effectively utilizing its assets to generate sales. However, the slight decline in the ratio in July 27, 2024, and July 31, 2024, to 0.43 may suggest a potential decrease in asset efficiency during those periods. Cisco Systems Inc may need to evaluate its asset management strategies to maintain or improve its total asset turnover in the future.
Peer comparison
Jul 31, 2024