Sysco Corporation (SYY)

The analysis of Sysco Corporation’s Days of Sales Outstanding (DSO) over the period from September 2020 through June 2025 indicates a generally stable receivables collection pattern with some fluctuating trends.

Initially, the DSO remained relatively steady around 23 days during September and December 2020, reflecting efficient receivables management consistent with industry standards. Moving into March 2021, there was a slight increase to approximately 26.7 days, which persisted into the June 2021 quarter at 26.97 days, suggesting a modest elongation in collection periods possibly attributable to seasonal variations or changes in customer payment terms.

Throughout 2021, the DSO exhibited variability, reaching as high as approximately 28.10 days in September 2021, before declining to roughly 25.97 days by year-end. This indicates some fluctuation in receivable collection speed but remains within a narrow range overall. The pattern continued into 2022, with a slight increase in March to about 26.76 days, followed by a modest decline to approximately 25.92 days in June 2022, and then a slight uptick to 27.32 days in September 2022.

In the final quarter of 2022, the DSO decreased to about 24.47 days, signifying an improvement in receivables collection efficiency. During 2023, the DSO remained relatively stable with minor fluctuations, averaging around 25 days, with a low of approximately 24 days at the end of December 2023, and a slight increase to about 26 days in March 2024.

Projection into 2024 and 2025 shows that the DSO continues to hover within a narrow band, typically between 24 and 27 days. Notably, the September 2024 reading was approximately 26.56 days, after which it decreased to about 24 days at the close of 2024, indicating periods of more prompt collection. In the first half of 2025, the DSO further stabilized around 24.7 days, suggesting a consistent receivables collection process.

Overall, the data reflects a stable collection period with minor fluctuations that are typical in a large distribution company such as Sysco. The modest increases and decreases in DSO are indicative of controlled receivables management, with the company maintaining an average collection period largely within a 24 to 27-day window over the observed period. This stability suggests effective credit and collection policies, with no significant deterioration in receivables collection efficiency over time.

Peer comparison

Jun 30, 2025