Sysco Corporation (SYY)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.21 | 10.35 | 9.79 | 8.59 | 12.47 | |
| Number of days of payables | days | 35.74 | 35.26 | 37.29 | 42.51 | 29.27 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.21
= 35.74
Sysco Corporation's number of days of payables has fluctuated over the past five years. In the most recent fiscal year ending June 30, 2024, the company took approximately 35.74 days to pay its creditors, which is relatively consistent with the previous year's figure of 35.26 days. However, there was a noticeable decrease compared to two years ago when the number of days of payables was 37.29 days. This indicates that Sysco has been managing its payables efficiently, possibly negotiating better payment terms with its suppliers.
Compared to three years ago, there has been a significant improvement in the number of days of payables, suggesting that Sysco may have implemented more rigorous cash flow management practices. On the other hand, the number of days of payables has increased compared to five years ago, when it stood at 29.27 days. This could be attributed to changes in the company's business operations, supplier relationships, or industry dynamics.
Overall, the trend in Sysco Corporation's number of days of payables reflects a balance between managing cash flow effectively and maintaining relationships with suppliers. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position and ability to meet its financial obligations in a timely manner.
Peer comparison
Jun 30, 2024