Cisco Systems Inc (CSCO)
Gross profit margin
| Jul 31, 2024 | Jul 27, 2024 | Jul 31, 2023 | Jul 29, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 34,828,000 | 34,828,000 | 35,753,000 | 35,753,000 | 32,248,000 |
| Revenue | US$ in thousands | 53,803,000 | 53,861,000 | 56,998,000 | 56,682,000 | 51,557,000 |
| Gross profit margin | 64.73% | 64.66% | 62.73% | 63.08% | 62.55% |
July 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $34,828,000K ÷ $53,803,000K
= 64.73%
Based on the provided data, the gross profit margin of Cisco Systems Inc has exhibited a generally positive trend over the specified time period. Starting at 62.55% in July 31, 2022, the gross profit margin increased to 63.08% by July 29, 2023, then dipped slightly to 62.73% by July 31, 2023.
However, the trend reversed and showed significant improvement in the subsequent years, with the gross profit margin reaching 64.66% by July 27, 2024, and further increasing to 64.73% by July 31, 2024.
Overall, the company has been able to maintain a healthy gross profit margin, which indicates efficiency in managing production costs and pricing strategies that impact its profitability. The consistent improvement seen in recent years suggests effective management of costs and pricing strategies, which bodes well for Cisco Systems Inc's financial performance.
Peer comparison
Jul 31, 2024