Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Cisco Systems Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Cisco Systems Inc. net fixed asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Cisco Systems Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Cisco Systems Inc. total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Cisco Systems Inc. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
Cisco Systems Inc., net fixed asset turnover calculation, comparison to benchmarks
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 53,803) | 56,998) | 51,557) | 49,818) | 49,301) | 51,904) | |
| Property and equipment, net | 2,090) | 2,085) | 1,997) | 2,338) | 2,453) | 2,789) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 25.74 | 27.34 | 25.82 | 21.31 | 20.10 | 18.61 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 8.56 | 8.77 | 9.36 | 9.28 | 7.47 | 6.96 | |
| Arista Networks Inc. | — | 57.69 | 46.11 | 37.49 | 71.90 | 61.38 | |
| Dell Technologies Inc. | 13.75 | 16.48 | 18.69 | 14.65 | 15.22 | 17.23 | |
| Super Micro Computer Inc. | — | 24.54 | 18.17 | 12.95 | 14.28 | 16.88 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | — | 10.60 | 11.15 | 10.63 | 9.26 | 8.95 | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | — | 3.78 | 4.44 | 4.74 | 4.57 | 4.64 | |
Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).
1 2024 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 53,803 ÷ 2,090 = 25.74
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Cisco Systems Inc. net fixed asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Cisco Systems Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 53,803) | 56,998) | 51,557) | 49,818) | 49,301) | 51,904) | |
| Property and equipment, net | 2,090) | 2,085) | 1,997) | 2,338) | 2,453) | 2,789) | |
| Operating lease right-of-use assets (recorded in Other assets) | 1,066) | 971) | 1,003) | 1,095) | 921) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 3,156) | 3,056) | 3,000) | 3,433) | 3,374) | 2,789) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 17.05 | 18.65 | 17.19 | 14.51 | 14.61 | 18.61 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Apple Inc. | 6.99 | 7.05 | 7.51 | 7.39 | 6.06 | 6.96 | |
| Arista Networks Inc. | — | 37.21 | 29.52 | 20.50 | 21.16 | 18.98 | |
| Dell Technologies Inc. | 12.39 | 14.75 | 16.10 | 11.02 | 11.76 | 17.23 | |
| Super Micro Computer Inc. | — | 23.02 | 16.78 | 12.07 | 12.96 | 16.88 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Technology Hardware & Equipment | — | 8.57 | 8.94 | 8.34 | 7.41 | 8.93 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | — | 3.31 | 3.84 | 4.03 | 3.87 | 4.34 | |
Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).
1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 53,803 ÷ 3,156 = 17.05
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Cisco Systems Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Total Asset Turnover
Cisco Systems Inc., total asset turnover calculation, comparison to benchmarks
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 53,803) | 56,998) | 51,557) | 49,818) | 49,301) | 51,904) | |
| Total assets | 124,413) | 101,852) | 94,002) | 97,497) | 94,853) | 97,793) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.43 | 0.56 | 0.55 | 0.51 | 0.52 | 0.53 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 1.07 | 1.09 | 1.12 | 1.04 | 0.85 | 0.77 | |
| Arista Networks Inc. | — | 0.59 | 0.65 | 0.51 | 0.49 | 0.58 | |
| Dell Technologies Inc. | 1.08 | 1.14 | 1.09 | 0.76 | 0.78 | 0.81 | |
| Super Micro Computer Inc. | — | 1.94 | 1.62 | 1.59 | 1.74 | 2.08 | |
| Total Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | — | 1.00 | 1.01 | 0.89 | 0.77 | 0.74 | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | — | 0.61 | 0.65 | 0.62 | 0.58 | 0.59 | |
Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).
1 2024 Calculation
Total asset turnover = Revenue ÷ Total assets
= 53,803 ÷ 124,413 = 0.43
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Cisco Systems Inc. total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Equity Turnover
Cisco Systems Inc., equity turnover calculation, comparison to benchmarks
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 53,803) | 56,998) | 51,557) | 49,818) | 49,301) | 51,904) | |
| Equity | 45,457) | 44,353) | 39,773) | 41,275) | 37,920) | 33,571) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 1.18 | 1.29 | 1.30 | 1.21 | 1.30 | 1.55 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Apple Inc. | 6.87 | 6.17 | 7.78 | 5.80 | 4.20 | 2.88 | |
| Arista Networks Inc. | — | 0.81 | 0.90 | 0.74 | 0.70 | 0.83 | |
| Dell Technologies Inc. | — | — | — | 38.01 | — | — | |
| Super Micro Computer Inc. | — | 3.61 | 3.64 | 3.25 | 3.13 | 3.72 | |
| Equity Turnover, Sector | |||||||
| Technology Hardware & Equipment | — | 4.94 | 5.86 | 4.61 | 3.97 | 3.35 | |
| Equity Turnover, Industry | |||||||
| Information Technology | — | 1.57 | 1.74 | 1.80 | 1.82 | 1.85 | |
Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).
1 2024 Calculation
Equity turnover = Revenue ÷ Equity
= 53,803 ÷ 45,457 = 1.18
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Cisco Systems Inc. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |