Cisco Systems Inc (CSCO)
Total asset turnover
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,861,000 | 56,682,000 | 51,376,000 | 49,690,000 | 48,991,000 |
| Total assets | US$ in thousands | 124,413,000 | 101,852,000 | 94,002,000 | 97,497,000 | 94,853,000 |
| Total asset turnover | 0.43 | 0.56 | 0.55 | 0.51 | 0.52 |
July 27, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $53,861,000K ÷ $124,413,000K
= 0.43
Total asset turnover ratio indicates how efficiently a company is utilizing its assets to generate revenue. A higher ratio implies better asset utilization.
From the data provided, we observe that Cisco Systems Inc's total asset turnover has fluctuated over the past five years. In the most recent fiscal year ending on July 27, 2024, the total asset turnover ratio was 0.43, indicating that for every dollar of assets, the company generated $0.43 in revenue.
Compared to the previous fiscal year, there was a decrease in the total asset turnover ratio from 0.56 to 0.43. This indicates a decrease in the efficiency of asset utilization to generate revenue.
When comparing the total asset turnover ratio with the ratios from the years prior, we see a mixed trend with fluctuations between 0.51 and 0.55. However, it is essential to note that the total asset turnover ratio for the most recent year is lower than the ratios from the two preceding years.
Further analysis and comparison with industry peers would provide more insights into Cisco Systems Inc's asset utilization efficiency relative to its competitors.
Peer comparison
Jul 27, 2024