Sysco Corporation (SYY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,860,000 | 2,009,000 | 1,382,260 | 1,552,900 | 1,158,610 |
| ROE | 105.11% | 88.10% | 98.30% | 33.76% | 18.60% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,955,000K ÷ $1,860,000K
= 105.11%
Sysco Corporation's return on equity (ROE) has shown a strong increasing trend over the past five years. The ROE has consistently improved from 18.60% in 2020 to 105.11% in 2024, indicating the company's enhanced efficiency in generating profits from shareholders' equity. The significant rise in ROE suggests that Sysco has been effectively utilizing its equity base to generate higher returns for its investors. This trend indicates an improvement in the company's profitability and efficiency in managing its resources. Overall, the increasing trend in ROE reflects positively on Sysco's financial performance and indicates a favorable outlook for the company.
Peer comparison
Jun 30, 2024