Sysco Corporation (SYY)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,565,000 | 2,719,479 | 2,719,703 | 2,353,061 | 2,285,355 | 1,969,294 | 1,800,745 | 1,834,955 | 1,746,773 | 1,246,912 | 964,276 | 832,710 | 584,728 | -293,535 | -425,167 | -29,749 | 293,384 | 1,711,937 | 2,171,668 | 2,049,715 |
| Revenue (ttm) | US$ in thousands | 78,844,000 | 78,016,100 | 77,512,300 | 76,818,400 | 76,324,700 | 75,553,800 | 73,580,200 | 71,306,400 | 68,636,100 | 65,815,700 | 60,738,200 | 55,977,000 | 51,297,900 | 44,027,560 | 45,901,660 | 49,367,660 | 52,893,260 | 59,501,600 | 60,461,000 | 60,201,700 |
| Pretax margin | 3.25% | 3.49% | 3.51% | 3.06% | 2.99% | 2.61% | 2.45% | 2.57% | 2.54% | 1.89% | 1.59% | 1.49% | 1.14% | -0.67% | -0.93% | -0.06% | 0.55% | 2.88% | 3.59% | 3.40% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,565,000K ÷ $78,844,000K
= 3.25%
Sysco Corporation's pretax margin has shown some fluctuations over the past few quarters. The pretax margin, which is a measure of a company's operational efficiency and profitability before taxes, stood at 3.25% for the quarter ending Jun 30, 2024. This represents a slight decrease from the previous quarter's pretax margin of 3.49%.
Looking at the trend over the past year, there has been some variability in the pretax margin, with peaks and troughs observed. The company experienced a significant improvement in profitability in the latter half of 2021 and the beginning of 2022, with pretax margins of 1.59% to 3.51%. However, there was a notable decline in profitability in the first two quarters of 2023, with margins dipping to 2.61% and 2.45%.
It is evident that Sysco Corporation has been working towards improving its operational efficiency, as reflected in the varying pretax margins. It is important for the company to focus on maintaining a healthy pretax margin to ensure sustainable profitability and long-term success. Keeping track of factors affecting costs, revenues, and overall business performance will be crucial for Sysco Corporation in managing and enhancing its pretax margin in the future.
Peer comparison
Jun 30, 2024