Sysco Corporation (SYY)
Number of days of payables
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.20 | 10.67 | 11.26 | 10.21 | 10.22 | 10.84 | 11.03 | 10.82 | 10.53 | 10.47 | 11.11 | 9.70 | 9.78 | 9.44 | 9.93 | 8.76 | 8.59 | 8.53 | 10.54 | 9.96 | |
| Number of days of payables | days | 35.80 | 34.21 | 32.43 | 35.76 | 35.71 | 33.67 | 33.10 | 33.74 | 34.66 | 34.86 | 32.86 | 37.62 | 37.34 | 38.68 | 36.76 | 41.68 | 42.51 | 42.77 | 34.64 | 36.65 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.20
= 35.80
The analysis of Sysco Corporation's accounts payable period, represented by the number of days of payables, indicates a relatively stable pattern over the observed period. Starting from approximately 36.65 days at the end of September 2020, the measure fluctuated within a range of approximately 32 to 43 days throughout the subsequent periods. Notably, the period peaked at approximately 42.77 days at the end of March 2021 and again around 42.51 days at the end of June 2021, reflecting slight extensions in the company’s payable deferrals during this interval.
Subsequent quarters experienced a modest decrease, with the payables period notably lowering to below 37 days by the end of 2021. The lowest point in this timeframe was approximately 32.86 days as of December 2022, suggesting an improvement in the efficiency of payable management or changes in payment policies. Throughout 2023, the metric remained largely stable, oscillating around the mid-30s days, with a slight upward trend observed in mid-2024 reaching approximately 35.71 days at the end of June 2024, potentially indicating a seasonal or strategic adjustment in payment cycles.
In the most recent data points, from September 2024 through June 2025, the number of days of payables continued to hover within a range of approximately 32.43 to 35.80 days, suggesting consistency in the company's approach to managing its obligations. Overall, the pattern suggests that Sysco maintains a relatively short and stable payable cycle, which could reflect optimized supplier relationships, favorable credit terms, or a strategic balance between liquidity management and supplier credit.
This stability and slight fluctuations in the payable period imply effective management of accounts payable, with the company likely balancing cash flow considerations against maintaining good supplier relations. The data does not indicate significant periods of extended delaying or rapid payment cycles, aligning with a cautious but stable approach to managing trade payables over the analyzed interval.
Peer comparison
Jun 30, 2025
See also:
Sysco Corporation Average Payables Payment Period (Quarterly Data)