Sysco Corporation (SYY)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.21 | 10.83 | 11.02 | 10.82 | 10.35 | 10.48 | 11.12 | 9.72 | 9.79 | 9.44 | 9.93 | 8.76 | 8.59 | 8.53 | 10.54 | 9.96 | 12.47 | 12.14 | 11.77 | 11.48 | |
| Number of days of payables | days | 35.74 | 33.71 | 33.12 | 33.74 | 35.26 | 34.84 | 32.82 | 37.57 | 37.29 | 38.66 | 36.76 | 41.68 | 42.51 | 42.77 | 34.64 | 36.65 | 29.27 | 30.06 | 31.01 | 31.80 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.21
= 35.74
The number of days of payables for Sysco Corporation has shown some fluctuations over the past several quarters. On average, Sysco takes around 34 to 38 days to pay its suppliers, with the highest number of days recorded at 42.77 days in March 2021 and the lowest at 29.27 days in June 2020.
A decreasing trend from the high of 42.77 days in March 2021 to the low of 29.27 days in June 2020 suggests that Sysco improved its efficiency in paying its payables more promptly. However, the number of days of payables has since increased and fluctuated within a range, indicating potential changes in payment practices or vendor relationships.
Analyzing this ratio in conjunction with other liquidity and efficiency ratios would provide a more comprehensive view of Sysco's financial management and operational effectiveness.
Peer comparison
Jun 30, 2024
See also:
Sysco Corporation Average Payables Payment Period (Quarterly Data)