Sysco Corporation (SYY)
Total asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 81,370,000 | 78,844,000 | 76,325,000 | 68,636,100 | 51,297,800 |
| Total assets | US$ in thousands | 26,774,000 | 24,917,000 | 22,821,100 | 22,085,700 | 21,413,500 |
| Total asset turnover | 3.04 | 3.16 | 3.34 | 3.11 | 2.40 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $81,370,000K ÷ $26,774,000K
= 3.04
The analysis of Sysco Corporation's total asset turnover over the specified periods indicates a trend of increasing efficiency in utilizing its assets to generate sales from June 30, 2021, through June 30, 2023, followed by a slight decline in subsequent years.
In detail, the total asset turnover was 2.40 for the fiscal year ending June 30, 2021. This ratio increased markedly to 3.11 by June 30, 2022, reflecting an improved capacity to generate sales with the company’s assets. The upward trajectory continued into June 30, 2023, reaching 3.34, which signifies an optimal point within this period of analysis, indicating enhanced operational efficiency or asset management practices.
Beyond this peak, there was a marginal decline in the ratio to 3.16 in the year ending June 30, 2024, and further slightly decreased to 3.04 by June 30, 2025. These reductions may suggest a slight decrease in asset utilization efficiency, potentially attributable to factors such as increased asset levels without a proportional increase in sales or operational adjustments affecting asset turnover.
Overall, the pattern demonstrates a period of operational improvement followed by stabilization or marginal reduction. The ratio remains at a relatively high level in 2024 and 2025 compared to 2021, indicating that, despite the slight decrease, Sysco continued to efficiently leverage its assets to generate sales in recent years relative to the earlier period.
Peer comparison
Jun 30, 2025