Sysco Corporation (SYY)
Fixed asset turnover
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 78,844,000 | 78,016,100 | 77,512,300 | 76,818,400 | 76,324,700 | 75,553,800 | 73,580,200 | 71,306,400 | 68,636,100 | 65,815,700 | 60,738,200 | 55,977,000 | 51,297,900 | 44,027,560 | 45,901,660 | 49,367,660 | 52,893,260 | 59,501,600 | 60,461,000 | 60,201,700 |
| Property, plant and equipment | US$ in thousands | 5,497,000 | 5,290,440 | 5,157,150 | 5,021,420 | 4,915,000 | 4,649,360 | 4,562,440 | 4,462,610 | 4,456,420 | 4,345,100 | 4,307,160 | 4,343,260 | 4,326,060 | 4,297,860 | 4,382,740 | 4,404,600 | 4,458,570 | 4,604,620 | 4,593,890 | 4,493,020 |
| Fixed asset turnover | 14.34 | 14.75 | 15.03 | 15.30 | 15.53 | 16.25 | 16.13 | 15.98 | 15.40 | 15.15 | 14.10 | 12.89 | 11.86 | 10.24 | 10.47 | 11.21 | 11.86 | 12.92 | 13.16 | 13.40 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $78,844,000K ÷ $5,497,000K
= 14.34
Sysco Corporation's fixed asset turnover ratio has exhibited a generally increasing trend over the past few quarters, indicating the company's ability to generate sales relative to its investment in fixed assets. The ratio has consistently remained above 10, which suggests efficient utilization of fixed assets to generate revenue.
The highest fixed asset turnover ratio was observed in March 2023 at 16.25, indicating that Sysco was able to generate $16.25 in sales for every dollar invested in fixed assets during that period. This peak was followed by a slight decline in subsequent quarters, but the ratio has generally remained at healthy levels above 10.
Overall, the increasing trend in the fixed asset turnover ratio reflects Sysco's effectiveness in managing and utilizing its fixed assets efficiently to drive sales growth. This indicates positive operational performance and efficiency in utilizing the company's fixed assets for revenue generation.
Peer comparison
Jun 30, 2024