Sysco Corporation (SYY)
Total asset 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 |
| Total assets | US$ in thousands | 24,917,000 | 22,821,000 | 22,085,700 | 21,413,500 | 22,628,300 |
| Total asset turnover | 3.16 | 3.34 | 3.11 | 2.40 | 2.34 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $78,844,000K ÷ $24,917,000K
= 3.16
Sysco Corporation's total asset turnover has shown variability over the past five years. The ratio indicates how efficiently the company generates revenue from its assets. In the most recent fiscal year, ending June 30, 2024, the total asset turnover was 3.16, slightly lower than the previous year's ratio of 3.34. This decline may suggest a decrease in the efficiency of utilizing assets to generate sales. However, compared to the ratios from two and three years ago, the company has generally improved its asset turnover performance. The upward trend in total asset turnover from 2.34 in 2020 to 3.16 in 2024 indicates an overall improvement in utilizing assets to generate sales revenue.
Peer comparison
Jun 30, 2024