Total Asset Turnover
since 2005
Calculation
Cisco Systems Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jul 25, 2026 | 0.49 | = | 63,325) | ÷ | 129,637) |
| Jul 26, 2025 | 0.46 | = | 56,654) | ÷ | 122,291) |
| Jul 27, 2024 | 0.43 | = | 53,803) | ÷ | 124,413) |
| Jul 29, 2023 | 0.56 | = | 56,998) | ÷ | 101,852) |
| Jul 30, 2022 | 0.55 | = | 51,557) | ÷ | 94,002) |
| Jul 31, 2021 | 0.51 | = | 49,818) | ÷ | 97,497) |
| Jul 25, 2020 | 0.52 | = | 49,301) | ÷ | 94,853) |
| Jul 27, 2019 | 0.53 | = | 51,904) | ÷ | 97,793) |
| Jul 28, 2018 | 0.45 | = | 49,330) | ÷ | 108,784) |
| Jul 29, 2017 | 0.37 | = | 48,005) | ÷ | 129,818) |
| Jul 30, 2016 | 0.40 | = | 49,247) | ÷ | 121,652) |
| Jul 25, 2015 | 0.43 | = | 49,161) | ÷ | 113,481) |
| Jul 26, 2014 | 0.45 | = | 47,142) | ÷ | 105,134) |
| Jul 27, 2013 | 0.48 | = | 48,607) | ÷ | 101,191) |
| Jul 28, 2012 | 0.50 | = | 46,061) | ÷ | 91,759) |
| Jul 30, 2011 | 0.50 | = | 43,218) | ÷ | 87,095) |
| Jul 31, 2010 | 0.49 | = | 40,040) | ÷ | 81,130) |
| Jul 25, 2009 | 0.53 | = | 36,117) | ÷ | 68,128) |
| Jul 26, 2008 | 0.67 | = | 39,540) | ÷ | 58,734) |
| Jul 28, 2007 | 0.65 | = | 34,922) | ÷ | 53,340) |
| Jul 29, 2006 | 0.66 | = | 28,484) | ÷ | 43,315) |
| Jul 30, 2005 | 0.73 | = | 24,801) | ÷ | 33,883) |
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.
AI Ask an analyst for more
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 | 0.49 | — | — | 1.12 | 0.41 | 1.30 |
| Jul 26, 2025 | 0.46 | 1.16 | 0.46 | 1.20 | 0.39 | 1.57 |
| Jul 27, 2024 | 0.43 | 1.07 | 0.50 | 1.08 | 0.35 | 1.53 |
| Jul 29, 2023 | 0.56 | 1.09 | 0.59 | 1.14 | 0.38 | 1.94 |
| Jul 30, 2022 | 0.55 | 1.12 | 0.65 | 1.09 | 0.41 | 1.62 |
| Jul 31, 2021 | 0.51 | 1.04 | 0.51 | 0.76 | 0.49 | 1.59 |
| Jul 25, 2020 | 0.52 | 0.85 | 0.49 | 0.78 | 0.51 | 1.74 |
| Jul 27, 2019 | 0.53 | 0.77 | 0.58 | 0.81 | 0.58 | 2.08 |
| Jul 28, 2018 | 0.45 | 0.73 | 0.70 | — | 0.79 | 1.90 |
| Jul 29, 2017 | 0.37 | 0.61 | 0.67 | — | 0.81 | 1.64 |
| Jul 30, 2016 | 0.40 | 0.67 | 0.65 | — | 1.24 | 1.90 |
| Jul 25, 2015 | 0.43 | 0.80 | 0.72 | — | 1.63 | 1.83 |
| Jul 26, 2014 | 0.45 | 0.79 | 0.72 | — | — | 1.84 |
| Jul 27, 2013 | 0.48 | 0.83 | — | — | — | 1.84 |
| Jul 28, 2012 | 0.50 | 0.89 | — | — | — | 1.72 |
| Jul 30, 2011 | 0.50 | 0.93 | — | — | — | 2.03 |
| Jul 31, 2010 | 0.49 | 0.87 | — | — | — | 1.95 |
| Jul 25, 2009 | 0.53 | 0.68 | — | — | — | 1.79 |
| Jul 26, 2008 | 0.67 | 0.82 | — | — | — | 2.04 |
| Jul 28, 2007 | 0.65 | 0.95 | — | — | — | 2.04 |
| Jul 29, 2006 | 0.66 | 1.12 | — | — | — | — |
| Jul 30, 2005 | 0.73 | 1.21 | — | — | — | — |
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 | 0.49 | — |
| Jul 26, 2025 | 0.46 | 1.00 |
| Jul 27, 2024 | 0.43 | 0.93 |
| Jul 29, 2023 | 0.56 | 0.99 |
| Jul 30, 2022 | 0.55 | 1.01 |
| Jul 31, 2021 | 0.51 | 0.89 |
| Jul 25, 2020 | 0.52 | 0.77 |
| Jul 27, 2019 | 0.53 | 0.74 |
| Jul 28, 2018 | 0.45 | 0.67 |
| Jul 29, 2017 | 0.37 | 0.55 |
| Jul 30, 2016 | 0.40 | 0.60 |
| Jul 25, 2015 | 0.43 | 0.70 |
| Jul 26, 2014 | 0.45 | 0.69 |
| Jul 27, 2013 | 0.48 | 0.71 |
| Jul 28, 2012 | 0.50 | 0.76 |
| Jul 30, 2011 | 0.50 | 0.75 |
| Jul 31, 2010 | 0.49 | 0.68 |
| Jul 25, 2009 | 0.53 | 0.60 |
| Jul 26, 2008 | 0.67 | 0.74 |
| Jul 28, 2007 | 0.65 | 0.75 |
| Jul 29, 2006 | 0.66 | 0.79 |
| Jul 30, 2005 | 0.73 | 0.85 |
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 | 0.49 | — |
| Jul 26, 2025 | 0.46 | 0.60 |
| Jul 27, 2024 | 0.43 | 0.58 |
| Jul 29, 2023 | 0.56 | 0.61 |
| Jul 30, 2022 | 0.55 | 0.64 |
| Jul 31, 2021 | 0.51 | 0.62 |
| Jul 25, 2020 | 0.52 | 0.58 |
| Jul 27, 2019 | 0.53 | 0.59 |
| Jul 28, 2018 | 0.45 | 0.59 |
| Jul 29, 2017 | 0.37 | 0.51 |
| Jul 30, 2016 | 0.40 | 0.55 |
| Jul 25, 2015 | 0.43 | 0.63 |
| Jul 26, 2014 | 0.45 | 0.64 |
| Jul 27, 2013 | 0.48 | 0.66 |
| Jul 28, 2012 | 0.50 | 0.70 |
| Jul 30, 2011 | 0.50 | 0.73 |
| Jul 31, 2010 | 0.49 | 0.72 |
| Jul 25, 2009 | 0.53 | 0.69 |
| Jul 26, 2008 | 0.67 | 0.79 |
| Jul 28, 2007 | 0.65 | 0.76 |
| Jul 29, 2006 | 0.66 | 0.75 |
| Jul 30, 2005 | 0.73 | 0.76 |
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).