Sysco Corporation (SYY)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 24,917,000 | 22,821,000 | 22,085,700 | 21,413,500 | 22,628,300 |
| ROA | 7.85% | 7.76% | 6.15% | 2.45% | 0.95% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $1,955,000K ÷ $24,917,000K
= 7.85%
Sysco Corporation's return on assets (ROA) has shown a consistent improvement over the past five years. The ROA has increased from 0.95% in 2020 to 7.85% in 2024. This indicates that the company has been able to generate more net income relative to its total assets, reflecting improved operational efficiency and profitability. The rising trend in ROA suggests that Sysco Corporation is utilizing its assets more effectively to generate profits for its shareholders. This improvement in ROA is a positive indicator of the company's financial health and management effectiveness.
Peer comparison
Jun 30, 2024
Company name
Symbol
ROA
Sysco Corporation
SYY
7.85%
Domino’s Pizza Inc
DPZ
30.99%
US Foods Holding Corp
USFD
3.84%