Analysis of Inventory
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- Income Statement
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Inventory Disclosure
Cisco Systems Inc., balance sheet: inventory
US$ in millions
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||||
| Work in process | |||||||||||||
| Finished goods | |||||||||||||
| Service-related spares | |||||||||||||
| Demonstration systems | |||||||||||||
| Inventories |
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).
The analysis of the inventory-related data over the years reveals distinct trends in the various components contributing to the total inventories.
- Raw materials
- There is a consistent upward trend in raw materials, increasing significantly from 374 million US dollars in 2019 to 2039 million US dollars in 2024. This steady growth suggests an expanding scale of procurement or anticipated production requirements.
- Work in process
- Work in process inventory exhibits a rising trajectory from 10 million in 2019 to a peak of 264 million in 2023, followed by a notable decline to 83 million in 2024. The sharp decrease in the latest year may indicate improved production efficiency or a reduction in manufacturing backlog.
- Finished goods
- Finished goods inventory shows fluctuations, initially decreasing from 752 million in 2019 to 519 million in 2021, then increasing sharply to 1493 million in 2023 before decreasing again to 1027 million in 2024. This volatility could reflect variability in sales demand, inventory management strategies, or changes in production output.
- Service-related spares
- Service-related spares decreased steadily from 225 million in 2019 to 90 million in 2022, before rebounding to 216 million in 2024. This pattern suggests a period of inventory reduction followed by restocking, possibly to meet after-sales service requirements or changes in product support policies.
- Demonstration systems
- Inventory of demonstration systems gradually declined from 22 million in 2019 to 8 million in 2024, indicating a possible reduction in marketing inventory or a shift in demonstration strategies.
- Total inventories
- Total inventories decreased slightly from 1383 million in 2019 to 1282 million in 2020, then rose steadily peaking at 3644 million in 2023 before slightly decreasing to 3373 million in 2024. The overall increase reflects expansion in inventory levels, with considerable influence from raw materials and finished goods components.