Sysco Corporation (SYY)
Total asset 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 |
| Total assets | US$ in thousands | 24,917,000 | 24,712,300 | 24,740,600 | 23,272,800 | 22,821,000 | 22,702,000 | 22,087,200 | 22,210,900 | 22,085,700 | 22,323,700 | 21,426,800 | 22,102,900 | 21,413,500 | 22,043,300 | 22,489,900 | 22,741,600 | 22,628,300 | 20,432,300 | 19,372,000 | 18,956,600 |
| 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 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $78,844,000K ÷ $24,917,000K
= 3.16
Sysco Corporation's total asset turnover has shown fluctuations over the past few quarters. The ratio indicates the company's efficiency in generating sales revenue from its total assets. In the most recent quarter, as of June 30, 2024, Sysco achieved a total asset turnover of 3.16, which has remained relatively stable compared to the previous quarter.
Looking at the trend over several quarters, Sysco's total asset turnover has generally been on an upward trajectory until peaking at 3.34 in the third quarter of 2023. However, there was a slight decline in the following quarters before stabilizing around the current levels.
Overall, a total asset turnover ratio consistently above 3 indicates that Sysco is effectively utilizing its assets to generate sales. The variations seen in the ratio over time may reflect changes in the company's operational efficiency and sales performance. Further analysis of the company's financial and operational aspects would provide more insights into the factors influencing these fluctuations.
Peer comparison
Jun 30, 2024