Sysco Corporation (SYY)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,202,000 | 3,195,068 | 3,168,749 | 3,109,529 | 3,042,748 | 2,840,066 | 2,640,068 | 2,444,154 | 2,339,035 | 2,142,004 | 1,882,192 | 1,649,345 | 1,437,242 | 335,978 | 160,335 | 500,766 | 749,505 | 2,001,615 | 2,470,926 | 2,370,328 |
| Total assets | US$ in thousands | 24,917,000 | 24,712,300 | 24,740,600 | 23,272,800 | 22,821,000 | 22,702,000 | 22,087,200 | 22,210,900 | 22,085,700 | 22,323,700 | 21,426,800 | 22,102,900 | 21,413,500 | 22,043,300 | 22,489,900 | 22,741,600 | 22,628,300 | 20,432,300 | 19,372,000 | 18,956,600 |
| Operating ROA | 12.85% | 12.93% | 12.81% | 13.36% | 13.33% | 12.51% | 11.95% | 11.00% | 10.59% | 9.60% | 8.78% | 7.46% | 6.71% | 1.52% | 0.71% | 2.20% | 3.31% | 9.80% | 12.76% | 12.50% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,202,000K ÷ $24,917,000K
= 12.85%
Sysco Corporation's operating return on assets (ROA) has shown a generally positive trend over the past few quarters. From December 2019 to June 2022, the operating ROA steadily increased, indicating improving operational efficiency and profitability. However, there was a slight dip in the operating ROA in the most recent quarter, ending June 2024, compared to the previous quarter.
Overall, Sysco's operating ROA has ranged from a low of 0.71% in March 2021 to a high of 13.36% in September 2023. The company seems to have successfully managed its assets to generate operating income, with the ROA consistently above 10% in recent quarters.
It is important for Sysco to monitor and maintain its operating ROA to ensure that the company is effectively utilizing its assets to generate profits. Additionally, any fluctuations in the operating ROA should be carefully evaluated to understand the underlying factors impacting the company's operational performance.
Peer comparison
Jun 30, 2024