Sysco Corporation (SYY)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	13.73	13.43	13.39	13.49	13.92	13.38	12.93	12.49	12.69	12.25	12.11	11.31	11.35	11.19	12.08	12.82	13.89	13.03	13.95	14.39
Receivables turnover	14.75	14.03	14.63	14.37	14.97	—	14.91	—	14.08	—	—	—	—	—	—	—	—	—	—	—
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
Working capital turnover	43.75	27.48	25.37	31.46	36.91	39.39	36.65	39.44	39.60	32.25	24.59	18.97	15.03	9.62	8.70	9.38	9.39	18.41	34.96	25.27

Sysco Corporation's activity ratios provide insight into how efficiently the company is managing its inventory, receivables, payables, and working capital.

1. Inventory Turnover: Sysco Corporation's inventory turnover has been relatively stable over the past few quarters, ranging from 11.19 to 14.39 times. This indicates that the company is efficiently managing its inventory levels and is able to sell its inventory multiple times over within a given period.

2. Receivables Turnover: The receivables turnover ratio has shown some fluctuations, with values ranging from 14.03 to 14.97. A higher turnover ratio suggests that Sysco is collecting its accounts receivable quickly, which is a positive sign of efficient credit management.

3. Payables Turnover: Sysco's payables turnover has varied between 8.53 and 12.47 times, showing some inconsistency. A higher turnover ratio indicates that the company is paying its suppliers more frequently, which could be beneficial in terms of maintaining good relationships with vendors.

4. Working Capital Turnover: The working capital turnover ratio has fluctuated significantly, indicating changes in how effectively Sysco is utilizing its working capital to generate revenue. A higher turnover ratio suggests that the company is efficiently using its working capital to support its operations.

Overall, the trend in these activity ratios reflects Sysco Corporation's focus on managing its assets and liabilities efficiently to drive productivity and profitability. Further analysis and comparison with industry benchmarks could provide additional insights into the company's operational performance.

Average number of days

		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
Days of inventory on hand (DOH)	days	26.58	27.19	27.26	27.06	26.22	27.27	28.22	29.23	28.76	29.79	30.14	32.27	32.16	32.62	30.22	28.47	26.28	28.01	26.16	25.36
Days of sales outstanding (DSO)	days	24.75	26.02	24.94	25.39	24.38	—	24.47	—	25.92	—	—	—	—	—	—	—	—	—	—	—
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

Sysco Corporation's activity ratios provide insights into how efficiently the company manages its inventory, collects receivables, and pays its suppliers.

Days of Inventory on Hand (DOH) have been relatively stable over the past few quarters, ranging from around 26 to 30 days. This shows that Sysco is able to turn over its inventory efficiently, with a lower number of days indicating faster inventory turnover.

Days of Sales Outstanding (DSO) have shown some variability, but the data is incomplete with missing values. In the available data, DSO ranged from approximately 24 to 26 days, suggesting that Sysco collects its receivables in a timely manner, with a lower number of days indicating faster collections.

Number of Days of Payables reflects the company's payment practices towards its suppliers. The data shows some variation, with the number of days ranging from around 30 to 42 days. A longer number of days indicates that Sysco takes longer to pay its suppliers, which can be a strategy to manage cash flow. However, delaying payments for too long can strain supplier relationships.

Overall, Sysco's activity ratios suggest that the company is effectively managing its inventory, receivables, and payables to maintain efficient operations and cash flow. Tracking these ratios over time can provide valuable insights into the company's operational efficiency and financial performance.

Long-term

	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
Fixed asset turnover	14.34	14.75	15.03	15.30	15.53	16.25	16.13	15.98	15.40	15.15	14.10	12.89	11.86	10.24	10.47	11.21	11.86	12.92	13.16	13.40
Total asset turnover	3.16	3.16	3.13	3.30	3.34	3.33	3.33	3.21	3.11	2.95	2.83	2.53	2.40	2.00	2.04	2.17	2.34	2.91	3.12	3.18

Sysco Corporation's long-term activity ratios indicate how efficiently the company is utilizing its assets to generate sales. The fixed asset turnover ratio has been relatively stable over the periods, ranging from 10.24 to 16.25. This suggests that Sysco is generating between $10.24 and $16.25 in sales for every dollar invested in fixed assets. A higher fixed asset turnover indicates more efficient utilization of fixed assets.

On the other hand, the total asset turnover ratio shows how well the company is using all assets to generate sales. Sysco's total asset turnover ratio has fluctuated between 2.00 and 3.34. This implies that over the periods, the company has been generating sales ranging from $2.00 to $3.34 for every dollar of total assets. A higher total asset turnover ratio signifies greater efficiency in asset utilization.

Overall, Sysco has shown consistent efficiency in utilizing both fixed and total assets to generate sales, as reflected in the stability of its fixed asset turnover ratio and the fluctuations in the total asset turnover ratio. These ratios suggest that the company is effectively managing its assets to drive revenue generation.