Sysco Corporation (SYY)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,828,000 | 1,908,678 | 1,932,366 | 1,941,608 | 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 |
| Total assets | US$ in thousands | 26,774,000 | 26,347,000 | 25,318,000 | 25,880,000 | 24,917,000 | 24,712,300 | 24,740,600 | 23,272,800 | 22,821,100 | 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 |
| ROA | 6.83% | 7.24% | 7.63% | 7.50% | 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% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,828,000K ÷ $26,774,000K
= 6.83%
The analysis of Sysco Corporation’s return on assets (ROA) over the specified period reveals a trajectory marked by initial challenges followed by significant recovery and continued improvement. During the fiscal year ending September 30, 2020, the ROA was negative at approximately -0.09%, indicating that the company was experiencing losses relative to its total assets—likely affected by the economic disruptions related to the COVID-19 pandemic.
Throughout the subsequent quarters in late 2020 and early 2021, the ROA declined further, reaching a low of approximately -1.50% at the end of December 2020 and remaining negative through March 2021. This persistence of negative ROA underscores ongoing difficulties in generating profit relative to total assets during that period.
Starting from June 30, 2021, a notable turnaround is observed. The ROA shifted into positive territory at approximately 2.45%, signaling an improvement in the company's ability to generate earnings from its assets. This upward trend continued through the subsequent quarters, with the ROA ascending to 3.10% in September 2021, then to 3.67% and 4.48% in December 2021 and March 2022 respectively. This period reflects a phase of robust recovery, likely driven by strategic adjustments, recovery in market conditions, or operational enhancements.
From mid-2022 onwards, the ROA maintained an upward momentum, reaching 6.15% by June 30, 2022, and slightly increasing to 6.51% in September 2022. The figure remained relatively stable through the end of 2022 at approximately 6.43%, and then continued its gradual escalation into 2023, attaining approximately 6.81% by March 31, 2023, and reaching a peak of around 7.76% in June 2023. The ROA maintained a high level into late 2023, with the figure stabilizing near 7.77% in September 2023.
In the subsequent quarters of 2024, the ROA fluctuated modestly, with values around 8.42% at the end of December 2023, and slightly decreasing to approximately 8.40% in March 2024, followed by minor declines to 7.85% in June and 7.50% in September 2024. The trend indicates that while the company continued to generate solid returns on assets, there was some slight moderation in profitability relative to assets toward the latter part of 2024.
Looking into 2025, the ROA reflected a gradual decline, from approximately 7.24% at the end of March 2025 to about 6.83% by June 30, 2025. This slight downward trend may suggest normalization of profitability or increased asset base without proportionate earnings growth.
Overall, Sysco Corporation’s ROA exhibited a severe downturn in 2020, indicative of loss-making circumstances, followed by a steady recovery and escalation into positive territory. The sustained improvement from mid-2021 through 2023, reaching above 7%, demonstrates enhanced operational efficiency and profitability. The minor fluctuations in 2024 and early 2025 suggest a stabilization phase, with the company maintaining solid asset efficiency but experiencing some moderation in profitability levels.
Peer comparison
Jun 30, 2025