Sysco Corporation (SYY)
Payables 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 |
| Payables | US$ in thousands | — | 6,290,000 | 5,923,110 | 5,752,960 | 4,884,780 |
| Payables turnover | — | 10.21 | 10.53 | 9.79 | 8.59 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $66,401,000K ÷ $—K
= —
The payables turnover ratio for Sysco Corporation has demonstrated an upward trend over the specified periods from June 30, 2021, to June 30, 2024. Specifically, the ratio increased from 8.59 in 2021 to 9.79 in 2022, reflecting a higher frequency of paying its suppliers within the year. This upward movement continued into 2023, reaching 10.53, which indicates an even more expedited turnover of accounts payable, suggesting improved payment efficiency or changes in supplier payment terms.
In 2024, the ratio slightly declined to 10.21 but remained substantially higher than the 2021 figure, maintaining the overall trend of increased payment turnover over the analyzed period. The ratio data for June 30, 2025, is unavailable, precluding further assessment for that year.
This progression generally signifies that Sysco has been paying its suppliers more promptly over time, potentially reflecting enhanced liquidity management, a strategic initiative to strengthen supplier relationships, or changing operational practices. The slight decrease in 2024 may indicate a marginal easing in payment pace or adjustments in procurement practices, but the ratio remains elevated compared to the earlier years, underscoring a sustained trend towards higher payables turnover.
Peer comparison
Jun 30, 2025