Sysco Corporation (SYY)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 78,844,000 | 76,324,700 | 68,636,100 | 51,297,800 | 52,893,300 |
| Property, plant and equipment | US$ in thousands | 5,497,000 | 4,915,000 | 4,456,420 | 4,326,060 | 4,458,570 |
| Fixed asset turnover | 14.34 | 15.53 | 15.40 | 11.86 | 11.86 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $78,844,000K ÷ $5,497,000K
= 14.34
Sysco Corporation's fixed asset turnover ratio has exhibited fluctuations over the past five years, ranging from 11.86 to 15.53. The ratio indicates the company's ability to generate sales revenue from its investment in fixed assets.
In 2024, the fixed asset turnover ratio decreased to 14.34 from 15.53 in 2023, signaling a decline in efficiency in utilizing its fixed assets to generate revenue. Despite the decrease, the ratio remains relatively high, indicating that Sysco continues to effectively generate sales relative to its investment in fixed assets.
Comparing to 2022, the fixed asset turnover ratio remained relatively stable at 15.40 in 2024. This indicates that Sysco has been consistently efficient in utilizing its fixed assets to generate revenue over the past two years.
In 2021 and 2020, the fixed asset turnover ratio was 11.86, showing consistency in this aspect over those two consecutive years. Despite the lower ratio compared to the recent years, Sysco's ability to generate sales from fixed assets has remained steady during this period.
Overall, Sysco Corporation has generally maintained a high level of efficiency in generating revenue from its fixed assets, with some fluctuations in the ratio over the years. This suggests that the company has effectively utilized its investment in fixed assets to drive sales revenue.
Peer comparison
Jun 30, 2024