Sysco Corporation (SYY)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,088,000 | 3,202,000 | 3,038,550 | 2,346,000 | 1,447,190 |
| Total assets | US$ in thousands | 26,774,000 | 24,917,000 | 22,821,100 | 22,085,700 | 21,413,500 |
| Operating ROA | 11.53% | 12.85% | 13.31% | 10.62% | 6.76% |
June 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $3,088,000K ÷ $26,774,000K
= 11.53%
The operating return on assets (Operating ROA) for Sysco Corporation demonstrates a notable upward trend over the period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the Operating ROA was recorded at 6.76%, indicating the company's efficiency in generating operating income relative to its total assets was relatively modest. By June 30, 2022, this metric significantly increased to 10.62%, reflecting improved operational efficiency and possibly enhanced asset utilization.
The upward momentum continued into June 30, 2023, with the Operating ROA reaching 13.31%. This suggests that in the fiscal year ending June 2023, Sysco's core operating profitability relative to its asset base experienced substantial growth, potentially driven by improved revenue generation, cost management, or both.
However, in the subsequent year ending June 30, 2024, there was a slight decline to 12.85%. Despite this decrease, the ratio remains elevated compared to earlier years, implying that while operational efficiency slightly diminished, it continued to reflect a strong performance in managing assets in the operating cycle.
By June 30, 2025, the Operating ROA further declined to 11.53%. Although this signals a moderation from its peak in 2023, the ratio still indicates a healthy level of operating efficiency relative to assets when compared to the 2021 baseline.
Overall, the trend from 2021 through 2025 suggests a period of growth in operational effectiveness, with a peak in 2023 followed by modest declines. This pattern may be attributable to various factors, such as changes in profit margins, asset base adjustments, or market conditions affecting production and sales efficiency. Despite the slight downturn post-2023, the operating ROA remains significantly higher than the beginning of the period, highlighting an overall improvement in Sysco's operational performance relative to its assets over these years.
Peer comparison
Jun 30, 2025