Sysco Corporation (SYY)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 78,844,000 | 78,016,100 | 77,512,300 | 76,818,400 | 76,324,700 | 75,553,800 | 73,580,200 | 71,306,400 | 68,636,100 | 65,815,700 | 60,738,200 | 55,977,000 | 51,297,900 | 44,027,560 | 45,901,660 | 49,367,660 | 52,893,260 | 59,501,600 | 60,461,000 | 60,201,700 |
| Receivables | US$ in thousands | 5,346,000 | 5,562,520 | 5,297,370 | 5,344,510 | 5,097,780 | — | 4,933,640 | — | 4,874,850 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 14.75 | 14.03 | 14.63 | 14.37 | 14.97 | — | 14.91 | — | 14.08 | — | — | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $78,844,000K ÷ $5,346,000K
= 14.75
Sysco Corporation's receivables turnover has shown a consistent trend of approximately 14 times over the past several quarters. This indicates that the company is collecting its accounts receivables about 14 times per year on average. A stable and high receivables turnover ratio suggests that Sysco is efficient in collecting payments from its customers, which is a positive indicator of effective credit management and liquidity. Monitoring this ratio over time can provide insights into the company's ability to manage its receivables effectively.
Peer comparison
Jun 30, 2024
Company name
Symbol
Receivables turnover
Sysco Corporation
SYY
14.75
Domino’s Pizza Inc
DPZ
15.84
US Foods Holding Corp
USFD
19.06