Sysco Corporation (SYY)
Quick ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 696,000 | 598,322 | 962,165 | 569,104 | 745,000 | 757,867 | 500,340 | 437,670 | 867,086 | 876,139 | 1,374,280 | 2,067,870 | 3,007,120 | 4,895,720 | 5,767,030 | 5,985,530 | 6,059,430 | 2,240,810 | 524,578 | 455,482 |
| Short-term investments | US$ in thousands | 24,000 | 23,676 | 23,032 | 22,838 | 12,767 | — | — | — | 5,983 | — | — | — | — | 1,203 | 2,678 | 4,013 | 1,388 | 11,976 | 15,047 | 12,017 |
| Receivables | US$ in thousands | 5,346,000 | 5,562,520 | 5,297,370 | 5,344,510 | 5,097,780 | — | 4,933,640 | — | 4,874,850 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.66 | 0.74 | 0.76 | 0.70 | 0.69 | 0.08 | 0.65 | 0.05 | 0.66 | 0.10 | 0.18 | 0.27 | 0.41 | 0.70 | 0.86 | 0.84 | 0.90 | 0.34 | 0.08 | 0.08 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($696,000K
+ $24,000K
+ $5,346,000K)
÷ $9,241,000K
= 0.66
The quick ratio of Sysco Corporation has shown fluctuating trends over the past few quarters. From December 2019 to March 2020, the quick ratio remained low at around 0.08. However, there was a significant improvement in the quick ratio in the subsequent quarters, reaching a peak of 0.90 in March 2020.
The quick ratio then decreased gradually, hitting its lowest point of 0.05 in September 2022 before recovering slightly. The ratio has continued to fluctuate between 0.66 and 0.76 in the most recent quarters, indicating some level of liquidity risk in the company's current assets.
Overall, the quick ratio of Sysco Corporation has been somewhat erratic, potentially indicating variability in the company's ability to meet its short-term obligations with its most liquid assets. It is important for investors and stakeholders to monitor this trend closely to assess the company's financial health and liquidity position.
Peer comparison
Jun 30, 2024