Sysco Corporation (SYY)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,955,000 | 1,770,000 | 1,358,770 | 524,209 | 215,475 |
| Revenue | US$ in thousands | 78,844,000 | 76,324,700 | 68,636,100 | 51,297,800 | 52,893,300 |
| Net profit margin | 2.48% | 2.32% | 1.98% | 1.02% | 0.41% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,955,000K ÷ $78,844,000K
= 2.48%
Over the past five years, Sysco Corporation's net profit margin has shown a positive trend, indicating an improvement in the company's profitability. The net profit margin has increased from 0.41% in 2020 to 2.48% in 2024. This demonstrates that the company has become more efficient in generating profits from its sales over the years.
Sysco's ability to control costs and improve operational efficiency has contributed to the steady increase in its net profit margin. This improvement reflects positively on the company's management strategies and operational performance.
The consistent growth in net profit margin suggests that Sysco Corporation has been able to effectively manage its expenses and maximize profitability, which is essential for long-term sustainability and growth in the competitive market environment.
Overall, Sysco Corporation's net profit margin analysis indicates a positive trajectory, showcasing the company's efforts in enhancing efficiency and profitability over the years.
Peer comparison
Jun 30, 2024