Stock Analysis on Net
Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level


Short-term Activity Ratios (Summary)

Cisco Systems Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Turnover Ratios
Inventory turnover 14.85 13.73 14.14 13.91 12.76 11.30 12.05 10.14 9.68 9.55 10.65 11.00 13.07 14.01 15.23 15.03 13.95 14.00 13.10 11.97 10.98 10.18 11.70 12.18
Receivables turnover 11.07 11.91 10.66 9.45 13.52 13.57 11.08 8.88 11.38 12.14 11.36 9.33 10.47 10.90 10.18 8.42 12.22 11.53 10.53 9.20 9.96 10.59 10.81 9.14
Payables turnover 7.52 9.60 9.43 9.34 9.55 11.62 10.49 9.83 11.85 17.08 15.60 12.84 14.65 18.51 17.98 17.32 18.60 19.82 17.35 17.64 17.28 19.48 19.18 18.77
Working capital turnover 3.29 2.87 3.04 3.24 2.65 2.15 1.72 1.42 1.26 0.95 0.87 0.86 0.85 0.80 0.82 0.92 0.91 0.95 0.96 0.93 1.06 1.00 1.02 1.00
Average No. Days
Average inventory processing period 25 27 26 26 29 32 30 36 38 38 34 33 28 26 24 24 26 26 28 30 33 36 31 30
Add: Average receivable collection period 33 31 34 39 27 27 33 41 32 30 32 39 35 34 36 43 30 32 35 40 37 34 34 40
Operating cycle 58 58 60 65 56 59 63 77 70 68 66 72 63 60 60 67 56 58 63 70 70 70 65 70
Less: Average payables payment period 49 38 39 39 38 31 35 37 31 21 23 28 25 20 20 21 20 18 21 21 21 19 19 19
Cash conversion cycle 9 20 21 26 18 28 28 40 39 47 43 44 38 40 40 46 36 40 42 49 49 51 46 51

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Cisco Systems Inc.’s inventory turnover ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Receivables turnover An activity ratio equal to revenue divided by receivables. Cisco Systems Inc.’s receivables turnover ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Cisco Systems Inc.’s payables turnover ratio increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Cisco Systems Inc.’s working capital turnover ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Cisco Systems Inc.’s number of days of inventory outstanding deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Cisco Systems Inc.’s number of days of receivables outstanding improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Cisco Systems Inc.’s number of days of payables outstanding decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Cisco Systems Inc.’s cash conversion cycle improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Inventory Turnover

Cisco Systems Inc., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data (US$ in millions)
Cost of sales 4,212  4,241  4,695  4,854  4,785  4,673  4,926  4,922  4,704  4,389  4,709  4,587  4,422  4,304  4,468  4,663  4,279  4,495  4,850  5,110  4,612  4,846  4,912  4,952  4,539  5,204  4,678 
Inventories 1,212  1,353  1,344  1,383  1,513  1,701  1,572  1,846  1,900  1,896  1,693  1,616  1,366  1,264  1,176  1,217  1,343  1,362  1,482  1,627  1,760  1,890  1,676  1,591  1,528  1,548  1,466 
Short-term Activity Ratio
Inventory turnover1 14.85 13.73 14.14 13.91 12.76 11.30 12.05 10.14 9.68 9.55 10.65 11.00 13.07 14.01 15.23 15.03 13.95 14.00 13.10 11.97 10.98 10.18 11.70 12.18
Benchmarks
Inventory Turnover, Competitors2
Advanced Micro Devices Inc. 3.86 3.93 3.43 3.48 3.90 4.77 5.57 5.59 5.46 4.74 4.15 4.17 4.01 4.36 4.14 3.73 4.10 4.29
Analog Devices Inc. 3.23 3.28 3.24 3.10 3.29 3.35 3.35 3.55 3.93 3.92 3.71 3.56 2.28 3.39 3.17 3.04 2.98 2.96 2.85
Apple Inc. 49.75 40.54 39.40 47.95 32.79 32.41 41.39 26.55 19.92 33.31 29.05 43.69 46.66 49.45 61.62 72.80 60.04 57.40 59.64 66.23 53.43 53.16 53.18
Applied Materials Inc. 2.32 2.43 2.37 2.36 2.39 2.50 2.54 2.55 2.57 2.71 2.73 2.68 2.80 2.98 3.08 2.88 2.95 3.08 3.11 3.22 3.15 3.25 3.34
Broadcom Inc. 10.76 10.73 11.57 9.16 9.63 9.31 9.00 8.28 8.05 7.50 6.31 6.03 6.35 6.44 5.21 4.73 3.42 6.72 6.24 6.37 6.64 5.66 4.61
Intel Corp. 3.32 3.41 3.35 3.20 3.57 3.74 3.51 3.44 3.41 3.39 3.42 3.70 4.01 4.18 3.85 3.76 3.69 4.00
Lam Research Corp. 3.11 3.42 3.51 3.44 3.49 3.44 3.12 3.15 3.27 3.42 3.63 3.58 3.51 3.48 3.55 3.36 3.49 3.76 3.50 3.15
Micron Technology Inc. 2.66 2.62 2.67 2.48 2.55 2.88 3.29 3.48 3.63 3.81 3.79 3.81 3.75 3.65 3.76 3.42 3.39 3.89 4.33 4.69 4.70 4.69 4.53 4.45
NVIDIA Corp. 3.88 3.50 3.04 2.89 3.29 4.10 5.32 4.89 4.26 3.98 3.75 3.59 3.81 4.49 5.72 5.26 5.03 4.80 4.75 4.31
Qualcomm Inc. 5.08 6.00 6.14 5.26 5.63 5.75 6.05 5.63 5.59 5.35 4.81 4.83 4.71 5.06 6.27 7.07 6.57 8.11 6.96 6.88 6.00 6.26 7.33
Texas Instruments Inc. 2.56 2.61 2.59 2.60 2.58 2.48 2.60 2.64 2.67 2.73 2.79 2.70 2.82 2.87 2.86 2.78 2.93 3.22

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Inventory turnover = (Cost of salesQ3 2020 + Cost of salesQ2 2020 + Cost of salesQ1 2020 + Cost of salesQ4 2019) ÷ Inventories
= (4,212 + 4,241 + 4,695 + 4,854) ÷ 1,212 = 14.85

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Cisco Systems Inc.’s inventory turnover ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Receivables Turnover

Cisco Systems Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data (US$ in millions)
Revenue 11,983  12,005  13,159  13,428  12,958  12,446  13,072  12,844  12,463  11,887  12,136  12,133  11,940  11,580  12,352  12,638  12,000  11,927  12,682  12,843  12,137  11,936  12,245  12,357  11,545  11,155  12,085 
Accounts receivable, net of allowance for doubtful accounts 4,569  4,330  4,878  5,491  3,795  3,745  4,536  5,554  4,274  3,963  4,206  5,146  4,635  4,458  4,805  5,847  4,047  4,302  4,712  5,344  4,889  4,541  4,375  5,157  4,443  4,378  5,188 
Short-term Activity Ratio
Receivables turnover1 11.07 11.91 10.66 9.45 13.52 13.57 11.08 8.88 11.38 12.14 11.36 9.33 10.47 10.90 10.18 8.42 12.22 11.53 10.53 9.20 9.96 10.59 10.81 9.14
Benchmarks
Receivables Turnover, Competitors2
Advanced Micro Devices Inc. 4.28 3.62 4.32 4.41 4.92 5.24 5.42 5.84 8.12 13.32 6.43 7.52 8.96 13.74 6.44 5.78 7.47 7.49
Analog Devices Inc. 9.42 9.85 9.43 8.91 9.09 8.72 9.69 8.65 7.91 7.95 7.41 6.60 6.35 7.70 7.16 7.50 8.50 9.15 7.36
Apple Inc. 17.04 12.77 11.35 18.31 17.14 14.47 11.45 18.10 17.27 10.20 12.82 18.03 19.04 15.52 13.69 18.81 18.61 18.14 13.87 21.63 19.46 11.96 10.47
Applied Materials Inc. 5.88 5.61 5.77 6.27 6.97 6.87 6.73 5.97 6.19 7.09 6.22 6.14 5.44 5.00 4.75 5.34 5.00 5.88 5.55 4.80 5.19 5.85 5.43
Broadcom Inc. 7.13 6.21 6.93 6.29 6.26 5.80 6.27 6.73 7.15 7.66 7.20 7.00 7.84 8.02 6.07 5.02 4.79 6.57 6.70 8.13 8.06 7.24 5.46
Intel Corp. 8.96 9.40 10.23 11.29 10.18 10.54 12.69 14.29 13.12 11.19 10.43 11.43 12.29 12.66 11.70 12.79 13.35 11.56
Lam Research Corp. 4.39 4.70 5.80 6.63 6.84 5.82 5.92 5.09 4.94 4.19 5.79 4.79 4.41 4.47 4.59 4.66 4.71 5.41 5.24 4.81
Micron Technology Inc. 5.62 6.43 6.04 7.33 8.28 6.79 5.81 5.55 5.72 5.83 5.97 5.41 4.98 5.10 5.31 6.00 6.17 6.92 6.73 6.46 6.65 6.14 6.34 5.63
NVIDIA Corp. 6.89 6.52 8.64 8.23 5.60 7.15 9.00 7.68 7.69 6.88 7.73 8.37 7.37 8.45 9.87 9.92 9.07 9.30 10.39 9.88
Texas Instruments Inc. 10.73 13.39 10.99 10.74 10.83 13.08 9.98 10.10 10.56 11.71 9.28 9.66 10.29 10.55 9.08 9.57 10.13 11.16

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Receivables turnover = (RevenueQ3 2020 + RevenueQ2 2020 + RevenueQ1 2020 + RevenueQ4 2019) ÷ Accounts receivable, net of allowance for doubtful accounts
= (11,983 + 12,005 + 13,159 + 13,428) ÷ 4,569 = 11.07

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Cisco Systems Inc.’s receivables turnover ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020 not reaching Q1 2020 level.

Payables Turnover

Cisco Systems Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data (US$ in millions)
Cost of sales 4,212  4,241  4,695  4,854  4,785  4,673  4,926  4,922  4,704  4,389  4,709  4,587  4,422  4,304  4,468  4,663  4,279  4,495  4,850  5,110  4,612  4,846  4,912  4,952  4,539  5,204  4,678 
Accounts payable 2,393  1,935  2,016  2,059  2,022  1,655  1,805  1,904  1,552  1,060  1,155  1,385  1,219  957  996  1,056  1,007  962  1,119  1,104  1,118  988  1,022  1,032  1,051  891  1,025 
Short-term Activity Ratio
Payables turnover1 7.52 9.60 9.43 9.34 9.55 11.62 10.49 9.83 11.85 17.08 15.60 12.84 14.65 18.51 17.98 17.32 18.60 19.82 17.35 17.64 17.28 19.48 19.18 18.77
Benchmarks
Payables Turnover, Competitors2
Advanced Micro Devices Inc. 6.25 3.91 4.67 4.27 7.70 7.63 8.09 8.06 8.56 9.13 6.98 7.19 6.36 7.44 5.49 4.49 8.55 10.43
Analog Devices Inc. 9.83 9.12 8.78 8.99 9.60 8.92 7.54 9.27 10.15 9.83 8.65 8.10 7.77 7.90 6.97 7.44 7.19 8.67 6.75
Apple Inc. 5.12 3.68 3.50 5.53 5.26 3.65 2.93 4.09 4.45 2.34 2.88 4.31 4.75 3.48 3.52 5.06 5.46 4.22 3.95 5.11 5.53 3.19 3.72
Broadcom Inc. 8.33 10.28 11.83 10.04 13.13 13.55 12.47 12.82 11.89 11.87 8.26 7.45 9.00 8.22 5.79 5.48 5.10 6.29 5.30 6.45 6.50 6.26 4.64
Intel Corp. 6.61 7.23 6.01 5.94 6.84 7.09 7.23 6.10 5.52 8.09 6.66 6.37 7.23 9.37 6.99 6.38 6.70 10.02
Lam Research Corp. 10.43 11.56 12.52 14.06 13.60 17.03 15.23 11.57 8.78 12.24 10.22 9.49 8.41 7.96 9.45 9.38 8.73 14.33 12.60 9.91
NVIDIA Corp. 6.87 9.66 11.77 8.89 5.16 5.58 6.81 6.53 7.15 7.90 8.85 5.87 4.95 5.53 7.05 7.43 7.25 7.64 9.38 7.10
Qualcomm Inc. 4.19 4.96 6.29 5.88 5.82 6.87 5.61 6.11 6.91 5.94 4.97 6.42 7.54 5.86 5.25 6.02 6.46 7.26 7.98 7.71 6.64 4.44 4.90
Texas Instruments Inc. 14.12 13.45 13.29 13.13 11.53 11.52 11.19 11.20 11.13 11.47 12.37 11.67 12.13 12.95 12.08 12.52 13.67 14.09

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Payables turnover = (Cost of salesQ3 2020 + Cost of salesQ2 2020 + Cost of salesQ1 2020 + Cost of salesQ4 2019) ÷ Accounts payable
= (4,212 + 4,241 + 4,695 + 4,854) ÷ 2,393 = 7.52

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Cisco Systems Inc.’s payables turnover ratio increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.

Working Capital Turnover

Cisco Systems Inc., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data (US$ in millions)
Current assets 41,307  40,053  41,716  47,755  47,311  53,117  55,686  61,837  67,141  86,050  84,080  83,703  79,962  83,392  83,141  78,719  78,571  75,005  73,946  76,283  69,331  67,882  66,396  67,114  64,288  60,689  62,796 
Less: Current liabilities 25,937  22,088  24,597  31,712  27,913  29,479  26,414  27,035  28,642  35,364  29,284  27,583  22,718  22,708  23,217  24,911  24,003  22,799  22,100  23,623  23,245  20,034  20,056  19,809  18,515  22,944  21,728 
Working capital 15,370  17,965  17,119  16,043  19,398  23,638  29,272  34,802  38,499  50,686  54,796  56,120  57,244  60,684  59,924  53,808  54,568  52,206  51,846  52,660  46,086  47,848  46,340  47,305  45,773  37,745  41,068 
 
Revenue 11,983  12,005  13,159  13,428  12,958  12,446  13,072  12,844  12,463  11,887  12,136  12,133  11,940  11,580  12,352  12,638  12,000  11,927  12,682  12,843  12,137  11,936  12,245  12,357  11,545  11,155  12,085 
Short-term Activity Ratio
Working capital turnover1 3.29 2.87 3.04 3.24 2.65 2.15 1.72 1.42 1.26 0.95 0.87 0.86 0.85 0.80 0.82 0.92 0.91 0.95 0.96 0.93 1.06 1.00 1.02 1.00
Benchmarks
Working Capital Turnover, Competitors2
Advanced Micro Devices Inc. 3.01 3.01 2.94 3.01 3.19 4.16 4.55 5.30 5.69 4.69 4.47 4.35 3.93 3.61 3.05 4.19 4.22 4.35
Analog Devices Inc. 11.81 40.91 12.57 11.74 8.72 5.48 8.78 7.90 7.95 5.99 6.76 4.20 1.92 0.57 0.82 0.84 0.86 0.85 1.16
Apple Inc. 5.62 4.38 4.56 5.72 8.74 8.04 18.35 9.38 6.07 8.54 8.24 7.08 7.70 11.36 7.74 9.89 11.77 1,850.30 26.66 39.58 23.16 20.40 35.96
Applied Materials Inc. 1.94 2.42 2.54 2.38 2.44 2.58 2.58 2.62 2.25 1.79 1.65 1.66 1.63 2.24 2.29 2.23 2.32 2.08 1.77 2.38 1.96 2.09 2.19
Broadcom Inc. 3.00 5.19 7.49 8.51 10.03 9.45 3.08 3.11 1.90 2.04 1.33 2.19 2.53 2.99 3.27 3.30 2.20 2.24 2.57 2.97 1.93 1.60 1.51
Intel Corp. 4.30 8.06 14.39 7.38 6.98 5.83 6.91 6.60 5.49 5.20 4.98 2.83 4.10 3.91 3.59 4.54 5.70 2.24
Lam Research Corp. 1.32 1.62 1.49 1.56 1.57 2.10 2.33 1.85 1.59 1.66 1.38 1.29 1.18 1.09 0.83 0.87 1.27 1.33 1.35 1.45
Micron Technology Inc. 1.73 1.93 2.10 2.31 2.79 3.26 3.20 2.95 2.92 2.67 2.98 2.85 2.96 3.11 3.29 2.66 2.28 3.13 3.34 3.45 3.09 2.92 3.22 3.01
NVIDIA Corp. 0.92 1.01 1.14 1.27 1.27 1.27 1.32 1.20 1.20 1.19 1.06 1.02 0.98 1.45 1.51 1.35 0.98 1.02 0.96 0.97
Qualcomm Inc. 4.47 3.50 3.10 3.03 3.66 3.75 3.70 0.81 0.69 0.77 0.68 1.26 3.44 3.05 1.50 1.61 1.72 1.73 1.58 1.34 1.89 1.65 1.62
Texas Instruments Inc. 2.38 2.17 2.20 2.87 2.69 2.81 2.23 1.93 2.28 2.31 2.46 2.52 2.53 2.57 2.62 2.75 3.03 2.88

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Working capital turnover = (RevenueQ3 2020 + RevenueQ2 2020 + RevenueQ1 2020 + RevenueQ4 2019) ÷ Working capital
= (11,983 + 12,005 + 13,159 + 13,428) ÷ 15,370 = 3.29

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Cisco Systems Inc.’s working capital turnover ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Average Inventory Processing Period

Cisco Systems Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data
Inventory turnover 14.85 13.73 14.14 13.91 12.76 11.30 12.05 10.14 9.68 9.55 10.65 11.00 13.07 14.01 15.23 15.03 13.95 14.00 13.10 11.97 10.98 10.18 11.70 12.18
Short-term Activity Ratio (no. days)
Average inventory processing period1 25 27 26 26 29 32 30 36 38 38 34 33 28 26 24 24 26 26 28 30 33 36 31 30
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Advanced Micro Devices Inc. 94 93 106 105 93 77 66 65 67 77 88 88 91 84 88 98 89 85
Analog Devices Inc. 113 111 113 118 111 109 109 103 93 93 98 103 160 108 115 120 122 123 128
Apple Inc. 7 9 9 8 11 11 9 14 18 11 13 8 8 7 6 5 6 6 6 6 7 7 7
Applied Materials Inc. 157 150 154 155 153 146 144 143 142 135 134 136 130 122 119 127 124 119 117 113 116 112 109
Broadcom Inc. 34 34 32 40 38 39 41 44 45 49 58 61 57 57 70 77 107 54 58 57 55 64 79
Intel Corp. 110 107 109 114 102 98 104 106 107 108 107 99 91 87 95 97 99 91
Lam Research Corp. 117 107 104 106 105 106 117 116 112 107 101 102 104 105 103 109 105 97 104 116
Micron Technology Inc. 137 139 137 147 143 127 111 105 100 96 96 96 97 100 97 107 108 94 84 78 78 78 81 82
NVIDIA Corp. 94 104 120 126 111 89 69 75 86 92 97 102 96 81 64 69 73 76 77 85
Qualcomm Inc. 72 61 59 69 65 63 60 65 65 68 76 75 78 72 58 52 56 45 52 53 61 58 50
Texas Instruments Inc. 143 140 141 140 141 147 140 138 137 134 131 135 129 127 128 131 125 113

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 14.85 = 25

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Cisco Systems Inc.’s number of days of inventory outstanding deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Average Receivable Collection Period

Cisco Systems Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data
Receivables turnover 11.07 11.91 10.66 9.45 13.52 13.57 11.08 8.88 11.38 12.14 11.36 9.33 10.47 10.90 10.18 8.42 12.22 11.53 10.53 9.20 9.96 10.59 10.81 9.14
Short-term Activity Ratio (no. days)
Average receivable collection period1 33 31 34 39 27 27 33 41 32 30 32 39 35 34 36 43 30 32 35 40 37 34 34 40
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Advanced Micro Devices Inc. 85 101 84 83 74 70 67 63 45 27 57 49 41 27 57 63 49 49
Analog Devices Inc. 39 37 39 41 40 42 38 42 46 46 49 55 57 47 51 49 43 40 50
Apple Inc. 21 29 32 20 21 25 32 20 21 36 28 20 19 24 27 19 20 20 26 17 19 31 35
Applied Materials Inc. 62 65 63 58 52 53 54 61 59 52 59 59 67 73 77 68 73 62 66 76 70 62 67
Broadcom Inc. 51 59 53 58 58 63 58 54 51 48 51 52 47 46 60 73 76 56 55 45 45 50 67
Intel Corp. 41 39 36 32 36 35 29 26 28 33 35 32 30 29 31 29 27 32
Lam Research Corp. 83 78 63 55 53 63 62 72 74 87 63 76 83 82 80 78 78 67 70 76
Micron Technology Inc. 65 57 60 50 44 54 63 66 64 63 61 68 73 72 69 61 59 53 54 57 55 59 58 65
NVIDIA Corp. 53 56 42 44 65 51 41 48 47 53 47 44 50 43 37 37 40 39 35 37
Texas Instruments Inc. 34 27 33 34 34 28 37 36 35 31 39 38 35 35 40 38 36 33

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 11.07 = 33

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Cisco Systems Inc.’s number of days of receivables outstanding improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020 not reaching Q1 2020 level.

Operating Cycle

Cisco Systems Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data
Average inventory processing period 25 27 26 26 29 32 30 36 38 38 34 33 28 26 24 24 26 26 28 30 33 36 31 30
Average receivable collection period 33 31 34 39 27 27 33 41 32 30 32 39 35 34 36 43 30 32 35 40 37 34 34 40
Short-term Activity Ratio
Operating cycle1 58 58 60 65 56 59 63 77 70 68 66 72 63 60 60 67 56 58 63 70 70 70 65 70
Benchmarks
Operating Cycle, Competitors2
Advanced Micro Devices Inc. 179 194 190 188 167 147 133 128 112 104 145 137 132 111 145 161 138 134
Analog Devices Inc. 152 148 152 159 151 151 147 145 139 139 147 158 217 155 166 169 165 163 178
Apple Inc. 28 38 41 28 32 36 41 34 39 47 41 28 27 31 33 24 26 26 32 23 26 38 42
Applied Materials Inc. 219 215 217 213 205 199 198 204 201 187 193 195 197 195 196 195 197 181 183 189 186 174 176
Broadcom Inc. 85 93 85 98 96 102 99 98 96 97 109 113 104 103 130 150 183 110 113 102 100 114 146
Intel Corp. 151 146 145 146 138 133 133 132 135 141 142 131 121 116 126 126 126 123
Lam Research Corp. 200 185 167 161 158 169 179 188 186 194 164 178 187 187 183 187 183 164 174 192
Micron Technology Inc. 202 196 197 197 187 181 174 171 164 159 157 164 170 172 166 168 167 147 138 135 133 137 139 147
NVIDIA Corp. 147 160 162 170 176 140 110 123 133 145 144 146 146 124 101 106 113 115 112 122
Texas Instruments Inc. 177 167 174 174 175 175 177 174 172 165 170 173 164 162 168 169 161 146

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 25 + 33 = 58

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Average Payables Payment Period

Cisco Systems Inc., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data
Payables turnover 7.52 9.60 9.43 9.34 9.55 11.62 10.49 9.83 11.85 17.08 15.60 12.84 14.65 18.51 17.98 17.32 18.60 19.82 17.35 17.64 17.28 19.48 19.18 18.77
Short-term Activity Ratio (no. days)
Average payables payment period1 49 38 39 39 38 31 35 37 31 21 23 28 25 20 20 21 20 18 21 21 21 19 19 19
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Advanced Micro Devices Inc. 58 93 78 85 47 48 45 45 43 40 52 51 57 49 67 81 43 35
Analog Devices Inc. 37 40 42 41 38 41 48 39 36 37 42 45 47 46 52 49 51 42 54
Apple Inc. 71 99 104 66 69 100 125 89 82 156 127 85 77 105 104 72 67 86 92 71 66 114 98
Broadcom Inc. 44 36 31 36 28 27 29 28 31 31 44 49 41 44 63 67 72 58 69 57 56 58 79
Intel Corp. 55 51 61 61 53 51 51 60 66 45 55 57 51 39 52 57 54 36
Lam Research Corp. 35 32 29 26 27 21 24 32 42 30 36 38 43 46 39 39 42 25 29 37
NVIDIA Corp. 53 38 31 41 71 65 54 56 51 46 41 62 74 66 52 49 50 48 39 51
Qualcomm Inc. 87 74 58 62 63 53 65 60 53 61 73 57 48 62 70 61 57 50 46 47 55 82 75
Texas Instruments Inc. 26 27 27 28 32 32 33 33 33 32 30 31 30 28 30 29 27 26

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 7.52 = 49

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Cisco Systems Inc.’s number of days of payables outstanding decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Cash Conversion Cycle

Cisco Systems Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015 Jul 25, 2015 Apr 25, 2015 Jan 24, 2015 Oct 25, 2014 Jul 26, 2014 Apr 26, 2014 Jan 25, 2014 Oct 26, 2013
Selected Financial Data
Average inventory processing period 25 27 26 26 29 32 30 36 38 38 34 33 28 26 24 24 26 26 28 30 33 36 31 30
Average receivable collection period 33 31 34 39 27 27 33 41 32 30 32 39 35 34 36 43 30 32 35 40 37 34 34 40
Average payables payment period 49 38 39 39 38 31 35 37 31 21 23 28 25 20 20 21 20 18 21 21 21 19 19 19
Short-term Activity Ratio
Cash conversion cycle1 9 20 21 26 18 28 28 40 39 47 43 44 38 40 40 46 36 40 42 49 49 51 46 51
Benchmarks
Cash Conversion Cycle, Competitors2
Advanced Micro Devices Inc. 121 101 112 103 120 99 88 83 69 64 93 86 75 62 78 80 95 99
Analog Devices Inc. 115 108 110 118 113 110 99 106 103 102 105 113 170 109 114 120 114 121 124
Apple Inc. -43 -61 -63 -38 -37 -64 -84 -55 -43 -109 -86 -57 -50 -74 -71 -48 -41 -60 -60 -48 -40 -76 -56
Broadcom Inc. 41 57 54 62 68 75 70 70 65 66 65 64 63 59 67 83 111 52 44 45 44 56 67
Intel Corp. 96 95 84 85 85 82 82 72 69 96 87 74 70 77 74 69 72 87
Lam Research Corp. 165 153 138 135 131 148 155 156 144 164 128 140 144 141 144 148 141 139 145 155
NVIDIA Corp. 94 122 131 129 105 75 56 67 82 99 103 84 72 58 49 57 63 67 73 71
Texas Instruments Inc. 151 140 147 146 143 143 144 141 139 133 140 142 134 134 138 140 134 120

Based on: 10-Q (filing date: 2020-05-18), 10-Q (filing date: 2020-02-18), 10-Q (filing date: 2019-11-19), 10-K (filing date: 2019-09-05), 10-Q (filing date: 2019-05-21), 10-Q (filing date: 2019-02-19), 10-Q (filing date: 2018-11-20), 10-K (filing date: 2018-09-06), 10-Q (filing date: 2018-05-22), 10-Q (filing date: 2018-02-20), 10-Q (filing date: 2017-11-21), 10-K (filing date: 2017-09-07), 10-Q (filing date: 2017-05-23), 10-Q (filing date: 2017-02-21), 10-Q (filing date: 2016-11-22), 10-K (filing date: 2016-09-08), 10-Q (filing date: 2016-05-24), 10-Q (filing date: 2016-02-18), 10-Q (filing date: 2015-11-19), 10-K (filing date: 2015-09-08), 10-Q (filing date: 2015-05-20), 10-Q (filing date: 2015-02-18), 10-Q (filing date: 2014-11-20), 10-K (filing date: 2014-09-09), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-Q (filing date: 2013-11-22).

1 Q3 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 25 + 3349 = 9

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Cisco Systems Inc.’s cash conversion cycle improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.