Sysco Corporation (SYY)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 78,844,000 | 76,324,700 | 68,636,100 | 51,297,800 | 52,893,300 |
| Receivables | US$ in thousands | 5,346,000 | 5,097,780 | 4,874,850 | 3,790,270 | 3,001,560 |
| Receivables turnover | 14.75 | 14.97 | 14.08 | 13.53 | 17.62 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $78,844,000K ÷ $5,346,000K
= 14.75
Sysco Corporation's receivables turnover ratio has fluctuated over the past five years. The ratio indicates the number of times the company collects its accounts receivable during a specific period. A higher receivables turnover ratio is generally preferable as it suggests that the company is efficient in collecting payments from its customers.
In the last five years, Sysco's receivables turnover ratio has ranged from a low of 13.53 in 2021 to a high of 17.62 in 2020. The ratio decreased slightly to 14.08 in 2022 before increasing to 14.97 in 2023 and then slightly decreasing again to 14.75 in 2024.
Overall, Sysco Corporation has maintained a relatively stable receivables turnover ratio over the years, indicating effective management of accounts receivables. However, it is worth noting that a declining trend in the ratio could potentially signal issues with the company's credit policies or collection efficiency that may require further investigation.
Peer comparison
Jun 30, 2024