Analysis of Property, Plant and Equipment
Property, Plant and Equipment Disclosure
Sysco Corp., balance sheet: property, plant and equipment
US$ in millions
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
| Item | Description | The company |
|---|---|---|
| Plant and equipment at cost | Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Sysco Corp. plant and equipment at cost increased from 2022 to 2023 and from 2023 to 2024. |
| Plant and equipment, net | Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Sysco Corp. plant and equipment, net increased from 2022 to 2023 and from 2023 to 2024. |
Asset Age Ratios (Summary)
Sysco Corp., asset age ratios
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
| Asset age ratio | Description | The company |
|---|---|---|
| Average age ratio | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | Sysco Corp. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024. |
| Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | Sysco Corp. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level. |
| Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | Sysco Corp. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Estimated remaining life | Sysco Corp. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024. |
Average Age
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
2024 Calculations
1 Average age = 100 × Accumulated depreciation ÷ (Plant and equipment at cost – Land)
= 100 × 7,526 ÷ (13,023 – 490) = 60.05%
| Asset age ratio | Description | The company |
|---|---|---|
| Average age | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | Sysco Corp. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024. |
Estimated Total Useful Life
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
2024 Calculations
1 Estimated total useful life = (Plant and equipment at cost – Land) ÷ Depreciation expense, including amortization of capital leases
= (13,023 – 490) ÷ 728 = 17
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | Sysco Corp. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level. |
Estimated Age, Time Elapsed since Purchase
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
2024 Calculations
1 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense, including amortization of capital leases
= 7,526 ÷ 728 = 10
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | Sysco Corp. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Estimated Remaining Life
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
2024 Calculations
1 Estimated remaining life = (Plant and equipment, net – Land) ÷ Depreciation expense, including amortization of capital leases
= (5,497 – 490) ÷ 728 = 7
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated remaining life | Sysco Corp. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024. |