Sysco Corporation (SYY)
Working capital 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 current assets | US$ in thousands | 11,043,000 | 11,204,900 | 11,309,600 | 10,895,700 | 10,608,000 | 10,898,600 | 10,396,000 | 10,767,300 | 10,483,200 | 10,413,300 | 10,063,200 | 10,688,200 | 10,733,600 | 11,586,800 | 11,991,400 | 12,433,100 | 12,348,200 | 9,857,780 | 8,661,610 | 8,484,160 |
| Total current liabilities | US$ in thousands | 9,241,000 | 8,366,270 | 8,254,470 | 8,454,160 | 8,540,000 | 8,980,740 | 8,388,520 | 8,959,260 | 8,750,050 | 8,372,190 | 7,593,560 | 7,737,980 | 7,319,840 | 7,007,930 | 6,716,540 | 7,168,070 | 6,717,850 | 6,625,010 | 6,931,970 | 6,101,470 |
| Working capital turnover | 43.75 | 27.48 | 25.37 | 31.46 | 36.91 | 39.39 | 36.65 | 39.44 | 39.60 | 32.25 | 24.59 | 18.97 | 15.03 | 9.62 | 8.70 | 9.38 | 9.39 | 18.41 | 34.96 | 25.27 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $78,844,000K ÷ ($11,043,000K – $9,241,000K)
= 43.75
The working capital turnover of Sysco Corporation has varied over the past 20 quarters, exhibiting fluctuations in efficiency in managing working capital. The working capital turnover ratio indicates how well a company is utilizing its working capital to support its sales revenue.
Historically, Sysco Corporation's working capital turnover has generally been relatively high, indicating that the company efficiently converts its working capital into sales. In the most recent quarter, the working capital turnover stood at 43.75, which was higher compared to the previous quarter.
However, it is important to note that the working capital turnover has not been consistently increasing over the periods analyzed. There have been fluctuations in the ratio, with some quarters showing higher efficiency in working capital management than others.
Overall, the trend in Sysco Corporation's working capital turnover suggests that there have been periods of high efficiency in converting working capital into sales revenue, but the company has also experienced quarters with lower efficiency in this aspect. Further analysis would be required to understand the specific factors contributing to these fluctuations in the working capital turnover ratio.
Peer comparison
Jun 30, 2024