Cisco Systems Inc (CSCO)

Total asset 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
Total assets	US$ in thousands	124,413,000	122,998,000	101,174,000	98,782,000	101,852,000	97,529,000	95,840,000	93,054,000	94,002,000	92,797,000	94,262,000	95,981,000	97,497,000	93,896,000	95,601,000	95,003,000	94,853,000	91,394,000	90,426,000	92,492,000
Total asset turnover		0.43	0.44	0.56	0.58	0.56	0.56	0.55	0.56	0.55	0.55	0.55	0.53	0.51	0.52	0.50	0.50	0.52	0.55	0.56	0.56

July 27, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $53,861,000K ÷ $124,413,000K
= 0.43

The total asset turnover ratio for Cisco Systems Inc has shown some variability over the past few years. The ratio indicates the company's ability to generate revenue from its total assets.

From October 2019 to July 2020, the total asset turnover ratio remained relatively stable around 0.50-0.52. There was a slight increase in the ratio to 0.56 in October 2020, and this level was maintained for the next several quarters.

In the most recent period ending in July 2024, the total asset turnover ratio decreased to 0.43, signaling a decline in the company's efficiency in generating sales from its total assets compared to the prior quarter.

Overall, Cisco Systems Inc's total asset turnover ratio has shown some fluctuations but generally stayed within a range of 0.50-0.56 over the analyzed periods. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization in generating revenue.