Cisco Systems Inc (CSCO)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	34,828,000	35,795,000	36,754,000	36,964,000	35,753,000	34,030,000	32,919,000	32,541,000	32,248,000	32,567,000	32,631,000	32,366,000	31,894,000	31,234,000	30,820,000	30,800,000	31,683,000	32,573,000	32,975,000	32,984,000
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
Gross profit margin		64.66%	65.41%	64.65%	64.08%	63.07%	62.32%	62.25%	62.51%	62.77%	63.32%	63.43%	63.87%	64.19%	64.07%	64.34%	64.30%	64.61%	64.74%	64.55%	64.11%

July 27, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $34,828,000K ÷ $53,861,000K
= 64.66%

The gross profit margin of Cisco Systems Inc has shown stability and consistency over the past few years, ranging between 62.25% to 65.41%. This indicates that Cisco has been effectively managing its production costs and maintaining a strong pricing strategy to generate profits from its sales.

The company's gross profit margin peaked at 65.41% in April 2024 and has generally remained above 63% throughout the period under consideration. This implies that Cisco has been able to efficiently control the direct costs associated with producing its goods and services while maximizing revenue from sales.

Overall, the trend in Cisco's gross profit margin demonstrates a solid performance in managing its cost of goods sold and pricing strategies, reflecting positively on its operational efficiency and profitability.