Sysco Corporation (SYY)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,955,000 | 2,077,058 | 2,081,974 | 1,807,948 | 1,770,124 | 1,546,377 | 1,420,098 | 1,446,323 | 1,358,768 | 999,872 | 785,474 | 685,322 | 524,209 | -245,303 | -337,527 | -21,406 | 215,475 | 1,369,660 | 1,813,040 | 1,697,010 |
| 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 |
| ROA | 7.85% | 8.40% | 8.42% | 7.77% | 7.76% | 6.81% | 6.43% | 6.51% | 6.15% | 4.48% | 3.67% | 3.10% | 2.45% | -1.11% | -1.50% | -0.09% | 0.95% | 6.70% | 9.36% | 8.95% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,955,000K ÷ $24,917,000K
= 7.85%
Sysco Corporation's return on assets (ROA) has shown a fluctuating trend over the past few quarters. The ROA has ranged from a low of -1.50% in March 2021 to a high of 8.42% in December 2023. The latest ROA as of June 30, 2024, stands at 7.85%, indicating that the company generated a return of 7.85% on its assets during that period.
Overall, Sysco's ROA has shown an improving trend since the negative returns in early 2021, with fluctuations along the way. The increasing trend in ROA from 4.48% in March 2022 to 8.42% in December 2023 suggests that the company has become more efficient in generating profits relative to its assets. However, it is essential to monitor ROA consistently to assess the company's financial performance and efficiency in utilizing its assets effectively.
Peer comparison
Jun 30, 2024