Cisco Systems Inc (CSCO)
Gross profit margin
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 34,828,000 | 35,753,000 | 32,248,000 | 31,894,000 | 31,683,000 |
| Revenue | US$ in thousands | 53,861,000 | 56,682,000 | 51,376,000 | 49,690,000 | 48,991,000 |
| Gross profit margin | 64.66% | 63.08% | 62.77% | 64.19% | 64.67% |
July 27, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $34,828,000K ÷ $53,861,000K
= 64.66%
The gross profit margin of Cisco Systems Inc has shown a fluctuating trend over the past five years, ranging from 62.77% in July 2022 to 64.67% in July 2020. In the most recent fiscal year, ending July 27, 2024, the gross profit margin increased to 64.66%, representing a slight improvement compared to the previous year. This indicates that Cisco has been able to maintain healthy levels of profitability in relation to its production costs and sales revenue. The variability in the gross profit margin figures suggests potential shifts in factors such as pricing strategies, cost management, and sales volume. Overall, Cisco's ability to consistently achieve gross profit margins above 60% reflects a strong operational efficiency and effectiveness in managing its cost of goods sold.
Peer comparison
Jul 27, 2024