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: 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).
| 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 2021 to 2022 and from 2022 to 2023. |
| 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 2021 to 2022 and from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Cisco Systems Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Cisco Systems Inc. equity turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net Fixed Asset Turnover
Cisco Systems Inc., net fixed asset turnover calculation, comparison to benchmarks
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 56,998) | 51,557) | 49,818) | 49,301) | 51,904) | 49,330) | |
| Property and equipment, net | 2,085) | 1,997) | 2,338) | 2,453) | 2,789) | 3,006) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 27.34 | 25.82 | 21.31 | 20.10 | 18.61 | 16.41 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 8.77 | 9.36 | 9.28 | 7.47 | 6.96 | 6.43 | |
| Arista Networks Inc. | 57.69 | 46.11 | 37.49 | 71.90 | 61.38 | — | |
| Super Micro Computer Inc. | 24.54 | 18.17 | 12.95 | 14.28 | 16.88 | 17.09 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | 9.81 | 10.24 | 10.02 | 8.34 | 7.87 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | 3.51 | 4.14 | 4.44 | 4.23 | 4.27 | — | |
Based on: 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).
1 2023 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 56,998 ÷ 2,085 = 27.34
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 2021 to 2022 and from 2022 to 2023. |
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 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 56,998) | 51,557) | 49,818) | 49,301) | 51,904) | 49,330) | |
| Property and equipment, net | 2,085) | 1,997) | 2,338) | 2,453) | 2,789) | 3,006) | |
| Operating lease right-of-use assets (recorded in Other assets) | 971) | 1,003) | 1,095) | 921) | —) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 3,056) | 3,000) | 3,433) | 3,374) | 2,789) | 3,006) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 18.65 | 17.19 | 14.51 | 14.61 | 18.61 | 16.41 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Apple Inc. | 7.05 | 7.51 | 7.39 | 6.06 | 6.96 | 6.43 | |
| Arista Networks Inc. | 37.21 | 29.52 | 20.50 | 21.16 | 18.98 | — | |
| Super Micro Computer Inc. | 23.02 | 16.78 | 12.07 | 12.96 | 16.88 | 17.09 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Technology Hardware & Equipment | 7.83 | 8.13 | 7.91 | 6.71 | 7.85 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | 3.08 | 3.59 | 3.79 | 3.60 | 3.99 | — | |
Based on: 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).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 56,998 ÷ 3,056 = 18.65
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 2021 to 2022 and from 2022 to 2023. |
Total Asset Turnover
Cisco Systems Inc., total asset turnover calculation, comparison to benchmarks
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 56,998) | 51,557) | 49,818) | 49,301) | 51,904) | 49,330) | |
| Total assets | 101,852) | 94,002) | 97,497) | 94,853) | 97,793) | 108,784) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.56 | 0.55 | 0.51 | 0.52 | 0.53 | 0.45 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 1.09 | 1.12 | 1.04 | 0.85 | 0.77 | 0.73 | |
| Arista Networks Inc. | 0.59 | 0.65 | 0.51 | 0.49 | 0.58 | — | |
| Super Micro Computer Inc. | 1.94 | 1.62 | 1.59 | 1.74 | 2.08 | 1.90 | |
| Total Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | 0.97 | 1.00 | 0.92 | 0.77 | 0.72 | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | 0.59 | 0.63 | 0.61 | 0.57 | 0.58 | — | |
Based on: 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).
1 2023 Calculation
Total asset turnover = Revenue ÷ Total assets
= 56,998 ÷ 101,852 = 0.56
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 2021 to 2022 and from 2022 to 2023. |
Equity Turnover
Cisco Systems Inc., equity turnover calculation, comparison to benchmarks
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | Jul 27, 2019 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | 56,998) | 51,557) | 49,818) | 49,301) | 51,904) | 49,330) | |
| Equity | 44,353) | 39,773) | 41,275) | 37,920) | 33,571) | 43,204) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 1.29 | 1.30 | 1.21 | 1.30 | 1.55 | 1.14 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Apple Inc. | 6.17 | 7.78 | 5.80 | 4.20 | 2.88 | 2.48 | |
| Arista Networks Inc. | 0.81 | 0.90 | 0.74 | 0.70 | 0.83 | — | |
| Super Micro Computer Inc. | 3.61 | 3.64 | 3.25 | 3.13 | 3.72 | 3.98 | |
| Equity Turnover, Sector | |||||||
| Technology Hardware & Equipment | 3.92 | 4.71 | 3.86 | 3.06 | 2.49 | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | 1.44 | 1.61 | 1.67 | 1.65 | 1.65 | — | |
Based on: 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).
1 2023 Calculation
Equity turnover = Revenue ÷ Equity
= 56,998 ÷ 44,353 = 1.29
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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |