Sysco Corporation (SYY)
Payables 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 |
| Payables | US$ in thousands | 6,290,000 | 5,869,480 | 5,737,730 | 5,796,400 | 6,025,000 | 5,902,250 | 5,420,420 | 6,018,230 | 5,752,960 | 5,721,700 | 5,019,050 | 5,238,310 | 4,884,780 | 4,221,250 | 3,554,620 | 4,035,330 | 3,447,060 | 3,969,000 | 4,159,610 | 4,247,280 |
| 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 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $64,236,000K ÷ $6,290,000K
= 10.21
Sysco Corporation's payables turnover ratio has shown some fluctuations over the past several quarters, ranging from a low of 8.53 to a high of 12.47. The average payables turnover ratio over this period is approximately 10.39, indicating that the company, on average, pays its suppliers about 10.39 times a year.
A higher payables turnover ratio generally suggests that the company is paying its suppliers more frequently, which can be a positive sign as it indicates efficient management of payables. Conversely, a lower ratio may indicate that the company is taking longer to pay its suppliers, potentially leading to strained relationships or missed discounts.
Sysco's payables turnover ratio has generally remained above 9, indicating that the company is managing its payables efficiently. However, the fluctuations in the ratio over time suggest potential changes in the company's payment practices or supplier relationships. It would be beneficial to further investigate the reasons behind these fluctuations to assess the impact on Sysco's financial performance and its relationships with suppliers.
Peer comparison
Jun 30, 2024