Sysco Corporation (SYY)
Working capital 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 current assets | US$ in thousands | 11,968,000 | 11,043,000 | 10,608,400 | 10,483,200 | 10,733,600 |
| Total current liabilities | US$ in thousands | 9,916,000 | 9,241,000 | 8,540,430 | 8,750,050 | 7,319,840 |
| Working capital turnover | 39.65 | 43.75 | 36.91 | 39.60 | 15.03 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $81,370,000K ÷ ($11,968,000K – $9,916,000K)
= 39.65
The working capital turnover ratio for Sysco Corporation over the specified periods demonstrates notable fluctuations indicative of changing operational efficiency. On June 30, 2021, the ratio stood at 15.03, reflecting a relatively moderate level of sales generated per dollar of working capital. This figure markedly increased in the subsequent year to 39.60 as of June 30, 2022, indicating a significant improvement in the company's ability to utilize its working capital to generate revenue.
Following this peak, the ratio saw a slight decline to 36.91 by June 30, 2023, suggesting a marginal decrease in efficiency, possibly due to management or operational adjustments or changes in working capital management strategies. The ratio then increased again to 43.75 as of June 30, 2024, representing a further enhancement in working capital efficiency and the company's capacity to generate sales relative to its working capital base.
Finally, the ratio experienced a slight decrease, settling at 39.65 on June 30, 2025. This decline, while modest, may reflect stabilization or slight operational shifts that impact the company's working capital utilization. Overall, the trend from 2021 through 2025 illustrates periods of rapid improvement followed by stabilization, with the ratio remaining relatively high compared to the initial year, indicating that Sysco has generally enhanced its ability to efficiently leverage its working capital to produce sales over this time frame.
Peer comparison
Jun 30, 2025