Cisco Systems (NAS:CSCO) EBIT

: $14,497 Mil (TTM As of Jan. 2023)

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Cisco Systems's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2023 was $3,522 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2023 was $14,497 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cisco Systems's annualized ROC % for the quarter that ended in Jan. 2023 was 14.47%. Cisco Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was 715.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cisco Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was 7.58%.

Cisco Systems EBIT Historical Data

The historical data trend for Cisco Systems's EBIT 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.

* Premium members only.

Cisco Systems Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

EBIT

13,982.00

15,430.00

14,555.00

13,696.00

14,837.00

Cisco Systems Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
EBIT																3,691.00	3,891.00	3,509.00	3,575.00	3,522.00

Cisco Systems EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jan. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $14,497 Mil.

Cisco Systems (NAS:CSCO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cisco Systems's annualized ROC % for the quarter that ended in Jan. 2023 is calculated as:

	ROC % (Q: Jan. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2022 )	+	Invested Capital (Q: Jan. 2023 ))	/ count )
=	14140 * ( 1 - 18.8% )	/	( (78603	+	80048)	/ 2 )
=	11481.68	/	79325.5
=	14.47 %

where

	Invested Capital		(Q: Oct. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	93054	-	3206	-	( 19784	-	max(0, 24896	-	36141	+	19784	))
=	78603

	Invested Capital		(Q: Jan. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	95840	-	4529	-	( 22061	-	max(0, 27252	-	38515	+	22061	))
=	80048

Note: The Operating Income data used here is four times the quarterly (Jan. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Cisco Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2022		Q: Jan. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	14088	/	( ( (1972 + max(-10973, 0))	+	(1964 + max(-13105, 0)) )	/	2 )
=	14088	/	( ( 1972	+	1964 )	/	2 )
=	14088	/	1968
=	715.85 %

where Working Capital is:

	Working Capital		(Q: Oct. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5439	+	2664	+	4571)	-	(3206	+	12578	+	7863)
=	-10973

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5237	+	3140	+	4520)	-	(4529	+	13109	+	8364)
=	-13105

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cisco Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2023 )
	=	14497	/	191228.063
	=	7.58 %

Cisco Systems EBIT Related Terms

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Cisco Systems (NAS:CSCO) Business Description

Industry

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Traded in Other Exchanges

CSCO:Mexico 0R0K:UK CIS:Germany CSCO:Canada CSCO34:Brazil CIS:Belgium CSCO:Austria CSCO:Argentina

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.

Executives

Sarah Rae Murphy	director	C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Jeffery S. Sharritts	officer: EVP & Chief Cust & Prtnr Offcr	1200 ABERNATHY RD., NE, STE 1200, ATLANTA GA 30328
Deborah L Stahlkopf	officer: EVP and Chief Legal Officer	C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Marianna Tessel	director	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
John D Harris	director	C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Richard Scott Herren	officer: EVP and CFO	851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Wesley G Bush	director	333 MAPLE AVENUE EAST, #3080, VIENNA VA 22180
Lisa T Su	director	C/O ADVANCED MICRO DEVICES, INC., 2485 AUGUSTINE DRIVE, SANTA CLARA CA 95054
Carol B Tome	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Geraldine Elliott	officer: EVP, Chief Sales & Mktg Offcr	1194 N. MATHILDA AVE., SUNNYVALE CA 94089
Maria Martinez	officer: EVP, Chief Customer Exp Offcr	THE LANDMARK @ 1 MARKET STREET, SUITE 300, SAN FRANCISCO CA 94105
Mark Garrett	director	106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Irving Tan	officer: SVP, Operations and Digital	170 WEST TASMAN DRIVE, SAN JOSE CA 95134
David Goeckeler	officer: EVP, Networking and Security	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Brent L Saunders	director	2000 GALLOPING HILL ROAD, C/O SCHERING PLOUGH CORP, KENILWORTH NJ 07033