Sysco Corporation (SYY)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,202,000 | 3,039,000 | 2,346,500 | 1,447,190 | 749,505 |
| Total assets | US$ in thousands | 24,917,000 | 22,821,000 | 22,085,700 | 21,413,500 | 22,628,300 |
| Operating ROA | 12.85% | 13.32% | 10.62% | 6.76% | 3.31% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,202,000K ÷ $24,917,000K
= 12.85%
Sysco Corporation's operating return on assets (operating ROA) has shown an upward trend over the past five years, increasing from 3.31% in 2020 to 12.85% in 2024. This indicates that Sysco has been generating more operating income relative to its assets over this period, reflecting improved efficiency in utilizing its assets to generate operating profits. The rising trend suggests that Sysco's operational performance has been strengthening, which could be attributed to various factors such as better cost management, increased revenue generation, or improved asset utilization. Overall, the increasing operating ROA is a positive indicator of Sysco's operational efficiency and profitability over the years.
Peer comparison
Jun 30, 2024