Sysco Corporation (SYY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,860,000 | 2,100,950 | 2,404,030 | 2,125,800 | 2,009,000 | 1,575,300 | 1,436,590 | 1,115,340 | 1,382,260 | 1,321,410 | 1,221,070 | 1,673,290 | 1,552,900 | 1,395,600 | 1,426,800 | 1,300,010 | 1,158,610 | 2,028,890 | 2,527,530 | 2,454,750 |
| ROE | 105.11% | 98.86% | 86.60% | 85.05% | 88.11% | 98.16% | 98.85% | 129.68% | 98.30% | 75.67% | 64.33% | 40.96% | 33.76% | -17.58% | -23.66% | -1.65% | 18.60% | 67.51% | 71.73% | 69.13% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,955,000K ÷ $1,860,000K
= 105.11%
Sysco Corporation's return on equity (ROE) fluctuated over the past six quarters, showing a mix of positive and negative trends. ROE peaked at 129.68% in Sep 30, 2022, reflecting strong profitability relative to shareholders' equity. However, there was a notable decline in ROE in the subsequent quarters. The ROE turned negative in Mar 31, 2021, indicating that the company's net income was not sufficient to cover the shareholders' equity. Sysco managed to recover from the negative trend and showed improvement in the most recent quarters, reaching 105.11% in Jun 30, 2024. Overall, the inconsistent performance of Sysco Corporation's ROE suggests varying levels of efficiency in generating profits from shareholders' investments during the analyzed period.
Peer comparison
Jun 30, 2024