Sysco Corporation (SYY)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 14.75 | 14.97 | 14.08 | 13.53 | 17.62 | |
| DSO | days | 24.75 | 24.38 | 25.92 | 26.97 | 20.71 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 14.75
= 24.75
Sysco Corporation's Days of Sales Outstanding (DSO) have demonstrated a fluctuating trend over the past five years. From June 30, 2020 to June 30, 2021, there was a notable decrease in DSO from 20.71 days to 26.97 days, indicating that the company took longer to collect its accounts receivable in 2021 compared to the previous year. However, in the subsequent years, there was a gradual improvement in DSO with a decrease to 25.92 days in 2022 and further to 24.38 days in 2023. Notably, by June 30, 2024, the DSO had increased slightly to 24.75 days.
Overall, the trend suggests that Sysco Corporation has been successful in managing its accounts receivable turnover more efficiently in recent years, as evidenced by the declining DSO figures post-2021. However, the slight uptick in DSO in 2024 may warrant further monitoring to ensure that the company continues to effectively collect its receivables in a timely manner.
Peer comparison
Jun 30, 2024