Sysco Corporation (SYY)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 66,401,000 | 64,236,000 | 62,373,000 | 56,316,000 | 41,941,100 |
| Inventory | US$ in thousands | 5,053,000 | 4,678,000 | 4,480,810 | 4,437,500 | 3,695,220 |
| Inventory turnover | 13.14 | 13.73 | 13.92 | 12.69 | 11.35 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $66,401,000K ÷ $5,053,000K
= 13.14
The inventory turnover ratio for Sysco Corporation demonstrates a consistent upward trend over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased from 11.35 in 2021 to 12.69 in 2022, representing a notable improvement in inventory management efficiency. This positive progression continued into 2023, with the ratio reaching 13.92, indicating that the company was able to convert its inventory into sales more frequently within that year.
However, the ratio experienced a slight decline in subsequent years, decreasing marginally to 13.73 in 2024 and further to 13.14 in 2025. Despite this modest decrease, the overall trend remains relatively high, suggesting that Sysco has generally maintained effective inventory utilization and management practices over this period.
The fluctuations in inventory turnover ratios reflect potential variations in sales volume, inventory management strategies, and supply chain efficiencies. The steady increase from 2021 through 2023 indicates an improvement in inventory turnover efficiency, potentially driven by better demand forecasting, inventory reduction initiatives, or increased sales activity. The slight decrease in 2024 and 2025 may suggest a stabilization or a minor easing in inventory turnover efficiency, possibly due to strategic inventory buildup or shifts in sales dynamics.
Overall, Sysco’s inventory turnover ratio indicates a robust inventory management system that has strengthened over the initial years considered, with minor adjustments in later years, which may warrant ongoing monitoring to sustain optimal operational performance.
Peer comparison
Jun 30, 2025