Sysco Corporation (SYY)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 64,236,000 | 63,560,400 | 63,234,300 | 62,704,300 | 62,369,600 | 61,839,600 | 60,284,000 | 58,468,800 | 56,315,600 | 54,023,700 | 49,836,920 | 45,868,340 | 41,941,070 | 36,020,880 | 37,453,460 | 40,189,540 | 42,991,610 | 48,186,400 | 48,955,700 | 48,753,100 |
| Inventory | US$ in thousands | 4,678,000 | 4,733,970 | 4,722,500 | 4,648,610 | 4,480,810 | 4,620,610 | 4,661,520 | 4,682,610 | 4,437,500 | 4,409,090 | 4,115,680 | 4,054,840 | 3,695,220 | 3,218,830 | 3,100,480 | 3,134,730 | 3,095,080 | 3,697,520 | 3,508,260 | 3,386,810 |
| Inventory turnover | 13.73 | 13.43 | 13.39 | 13.49 | 13.92 | 13.38 | 12.93 | 12.49 | 12.69 | 12.25 | 12.11 | 11.31 | 11.35 | 11.19 | 12.08 | 12.82 | 13.89 | 13.03 | 13.95 | 14.39 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $64,236,000K ÷ $4,678,000K
= 13.73
Sysco Corporation's inventory turnover has been relatively stable over the past 20 quarters, ranging from a low of 11.19 to a high of 14.39. The average inventory turnover ratio during this period is approximately 12.94.
A higher inventory turnover ratio indicates that the company is selling its inventory more quickly, which is generally seen as a positive sign. This can suggest efficient inventory management and potentially lower carrying costs.
Sysco Corporation's inventory turnover ratios over the past five quarters have been above the average, ranging from 13.39 to 13.92. This indicates that the company has been managing its inventory effectively and efficiently during this period.
Overall, Sysco Corporation's inventory turnover ratio has been consistent and trending positively, reflecting efficient inventory management practices. It is important for the company to maintain this trend to ensure optimal utilization of resources and enhance its overall financial performance.
Peer comparison
Jun 30, 2024
Jun 30, 2024