Cisco Systems Inc (CSCO)
Operating return on assets (Operating ROA)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 12,163,000 | 11,291,000 | 10,707,000 | 9,785,000 | 9,618,000 | 10,096,000 | 10,574,000 | 12,659,000 | 14,744,000 | 15,901,000 | 17,058,000 | 16,728,000 | 16,398,000 | 15,437,000 | 14,476,000 | 14,070,000 | 13,664,000 | 13,844,000 | 13,986,000 | 14,056,000 |
| Total assets | US$ in thousands | 122,564,000 | 119,782,000 | 121,375,000 | 123,333,000 | 124,413,000 | 124,413,000 | 122,998,000 | 122,998,000 | 101,174,000 | 101,174,000 | 98,782,000 | 98,782,000 | 101,852,000 | 101,852,000 | 97,529,000 | 97,529,000 | 95,840,000 | 95,840,000 | 93,054,000 | 93,054,000 |
| Operating ROA | 9.92% | 9.43% | 8.82% | 7.93% | 7.73% | 8.11% | 8.60% | 10.29% | 14.57% | 15.72% | 17.27% | 16.93% | 16.10% | 15.16% | 14.84% | 14.43% | 14.26% | 14.44% | 15.03% | 15.11% |
July 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $12,163,000K ÷ $122,564,000K
= 9.92%
The operating return on assets (ROA) for Cisco Systems Inc. demonstrates notable fluctuation over the provided period. From October 2022 to the end of October 2023, the operating ROA generally exhibited an upward trend, beginning at approximately 15.11% in late October 2022 and reaching a peak of around 17.27% by October 2023. This indicates an improving efficiency in generating operating income relative to total assets during this interval.
However, subsequent data shows a decline in operating ROA starting from late 2023 onward. By early 2024, the figure had decreased significantly to approximately 10.29% and further declined to 8.60% by April 2024. The downward trend persisted through the remainder of 2024, with ratios dropping to around 7.73% in late July 2024 and slightly increasing to 7.93% in October 2024.
In the first half of 2025, some recovery is observed, with the operating ROA rising to 8.82% in January and continuing upward to 9.43% in April and to approximately 9.92% in July 2025. This indicates a modest reinstatement of asset efficiency and operational profitability during this period.
Overall, the data depicts a period of growth in operating ROA through late 2022 and 2023, followed by a pronounced decline in 2024, with a tentative rebound beginning in early 2025. The fluctuations suggest varying operational efficiencies and potentially changing external or internal factors influencing Cisco's ability to generate operating income from its asset base.
Peer comparison
Jul 31, 2025