Cisco Systems (XSGO:CSCO) Accounts Receivable

: $5,104 Mil (As of Apr. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cisco Systems's accounts receivables for the quarter that ended in Apr. 2023 was $5,104 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cisco Systems's Days Sales Outstanding for the quarter that ended in Apr. 2023 was 31.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cisco Systems's Net-Net Working Capital per share for the quarter that ended in Apr. 2023 was $-6.44.

Cisco Systems Accounts Receivable Historical Data

The historical data trend for Cisco Systems's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cisco Systems Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Accounts Receivable

5,554.00

5,491.00

5,472.00

5,766.00

6,622.00

Cisco Systems Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Accounts Receivable																5,783.00	6,622.00	5,439.00	5,237.00	5,104.00

Cisco Systems Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Cisco Systems Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Cisco Systems's Days Sales Outstanding for the quarter that ended in Apr. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5104	/	14571	*	91
=	31.96

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cisco Systems's accounts receivable are only considered to be worth 75% of book value:

Cisco Systems's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(23288	+	0.75 * 5104	+	0.5 * 3474	-	55234
-	0	-	0)	/	4095.82
=	-6.44

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Cisco Systems Accounts Receivable Related Terms

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Cisco Systems (XSGO:CSCO) Business Description

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Address

170 West Tasman Drive, San Jose, CA, USA, 95134-1706

Website

https://www.cisco.com

Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.