Total Asset Turnover
since 2005
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Cisco Systems Inc. pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Analysis of Revenues
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Calculation
Cisco Systems Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jul 25, 2026 | = | ÷ | |||
| Jul 26, 2025 | = | ÷ | |||
| Jul 27, 2024 | = | ÷ | |||
| Jul 29, 2023 | = | ÷ | |||
| Jul 30, 2022 | = | ÷ | |||
| Jul 31, 2021 | = | ÷ | |||
| Jul 25, 2020 | = | ÷ | |||
| Jul 27, 2019 | = | ÷ | |||
| Jul 28, 2018 | = | ÷ | |||
| Jul 29, 2017 | = | ÷ | |||
| Jul 30, 2016 | = | ÷ | |||
| Jul 25, 2015 | = | ÷ | |||
| Jul 26, 2014 | = | ÷ | |||
| Jul 27, 2013 | = | ÷ | |||
| Jul 28, 2012 | = | ÷ | |||
| Jul 30, 2011 | = | ÷ | |||
| Jul 31, 2010 | = | ÷ | |||
| Jul 25, 2009 | = | ÷ | |||
| Jul 26, 2008 | = | ÷ | |||
| Jul 28, 2007 | = | ÷ | |||
| Jul 29, 2006 | = | ÷ | |||
| Jul 30, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2026-07-25), 10-K (reporting date: 2025-07-26), 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), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
1 US$ in millions
The analysis of asset utilization efficiency reveals a long-term trajectory characterized by a sustained decline over the first decade, followed by a period of correction and subsequent volatility.
- Long-term Efficiency Decline (2005–2017)
- A consistent downward trend in the total asset turnover ratio is observed from 2005 to 2017, with the ratio falling from 0.73 to a minimum of 0.37. During this period, total assets grew aggressively from $33.88 billion to $129.82 billion, while revenue growth did not keep pace proportionally, indicating a diminishing ability to generate sales relative to the investment in the asset base.
- Balance Sheet Correction and Recovery (2018–2022)
- A pivot in efficiency occurred in 2018, where the turnover ratio increased to 0.45. This improvement is attributed to a significant reduction in total assets, which dropped to $108.78 billion in 2018 and continued to decline to a low of $94.00 billion by 2022. This contraction of the asset base, combined with steady revenue growth, resulted in a peak turnover ratio of 0.56 in 2023.
- Recent Trends and Projections (2023–2026)
- In the most recent period, the turnover ratio experienced a sharp decline to 0.43 in 2024, driven by a substantial increase in total assets to $124.41 billion. However, a gradual recovery is evident through 2026, with the ratio projected to rise to 0.49. This late-stage recovery is supported by a strong increase in revenue, which is expected to reach $63.33 billion by 2026, offsetting the expanded asset base.
Comparison to Competitors
Cisco Systems Inc., total asset turnover, long-term trends, comparison to competitors
| Cisco Systems Inc. | Apple Inc. | Arista Networks Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Jul 25, 2026 | ||||||
| Jul 26, 2025 | ||||||
| Jul 27, 2024 | ||||||
| Jul 29, 2023 | ||||||
| Jul 30, 2022 | ||||||
| Jul 31, 2021 | ||||||
| Jul 25, 2020 | ||||||
| Jul 27, 2019 | ||||||
| Jul 28, 2018 | ||||||
| Jul 29, 2017 | ||||||
| Jul 30, 2016 | ||||||
| Jul 25, 2015 | ||||||
| Jul 26, 2014 | ||||||
| Jul 27, 2013 | ||||||
| Jul 28, 2012 | ||||||
| Jul 30, 2011 | ||||||
| Jul 31, 2010 | ||||||
| Jul 25, 2009 | ||||||
| Jul 26, 2008 | ||||||
| Jul 28, 2007 | ||||||
| Jul 29, 2006 | ||||||
| Jul 30, 2005 |
Based on: 10-K (reporting date: 2026-07-25), 10-K (reporting date: 2025-07-26), 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), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
Comparison to Sector (Technology Hardware & Equipment)
Cisco Systems Inc., total asset turnover, long-term trends, comparison to sector (technology hardware & equipment)
| Cisco Systems Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Jul 25, 2026 | ||
| Jul 26, 2025 | ||
| Jul 27, 2024 | ||
| Jul 29, 2023 | ||
| Jul 30, 2022 | ||
| Jul 31, 2021 | ||
| Jul 25, 2020 | ||
| Jul 27, 2019 | ||
| Jul 28, 2018 | ||
| Jul 29, 2017 | ||
| Jul 30, 2016 | ||
| Jul 25, 2015 | ||
| Jul 26, 2014 | ||
| Jul 27, 2013 | ||
| Jul 28, 2012 | ||
| Jul 30, 2011 | ||
| Jul 31, 2010 | ||
| Jul 25, 2009 | ||
| Jul 26, 2008 | ||
| Jul 28, 2007 | ||
| Jul 29, 2006 | ||
| Jul 30, 2005 |
Based on: 10-K (reporting date: 2026-07-25), 10-K (reporting date: 2025-07-26), 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), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
Comparison to Industry (Information Technology)
Cisco Systems Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Cisco Systems Inc. | Information Technology | |
|---|---|---|
| Jul 25, 2026 | ||
| Jul 26, 2025 | ||
| Jul 27, 2024 | ||
| Jul 29, 2023 | ||
| Jul 30, 2022 | ||
| Jul 31, 2021 | ||
| Jul 25, 2020 | ||
| Jul 27, 2019 | ||
| Jul 28, 2018 | ||
| Jul 29, 2017 | ||
| Jul 30, 2016 | ||
| Jul 25, 2015 | ||
| Jul 26, 2014 | ||
| Jul 27, 2013 | ||
| Jul 28, 2012 | ||
| Jul 30, 2011 | ||
| Jul 31, 2010 | ||
| Jul 25, 2009 | ||
| Jul 26, 2008 | ||
| Jul 28, 2007 | ||
| Jul 29, 2006 | ||
| Jul 30, 2005 |
Based on: 10-K (reporting date: 2026-07-25), 10-K (reporting date: 2025-07-26), 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), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).