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Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, th...
The following section summarizes insights on Cisco Systems Inc's Return on Assets:
We've identified the following companies as similar to Cisco Systems Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
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Metrics similar to Return on Assets in the efficiency category include:
Return on Assets is defined as:
Return on Assets = Net Income / Average Total Assets
Return on Assets for Cisco Systems is calculated as follows:
Net Income [ 9.187 B ]
(/) Average Assets over Period [ 111.3 B ]
(=) Return on Assets [ 8.3% ]
The tables below summarizes the trend in Cisco Systems’s return on assets over the last five years:
| Fiscal Year | Net Income | Average Assets | Return on Assets |
|---|---|---|---|
| 2020-07-25 | 11.214 B | 96.323 B | 11.6% |
| 2021-07-31 | 10.591 B | 96.175 B | 11.0% |
| 2022-07-30 | 11.812 B | 95.749 B | 12.3% |
| 2023-07-29 | 12.613 B | 97.927 B | 12.9% |
| 2024-07-27 | 10.32 B | 113.1 B | 9.1% |
Return on assets represents the dollars in earnings or Net Income a company generates per dollar of assets. ROA is typically used to gauge the efficiency of the company and its management at deploying capital to generate income for shareholders.
The net income used in the numerator is often adjusted for one-time and non-recurring items to present a clearer view of future earnings. Since income is earned over the course of a year, we average Total Assets at the start and end of the year for the denominator.
In general, a higher return on assets suggests management is utilizing the asset base efficiently.