Stock Analysis on Net

Sysco Corp. (NYSE:SYY)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 28, 2024.

Analysis of Property, Plant and Equipment

Microsoft Excel

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Property, Plant and Equipment Disclosure

Sysco Corp., balance sheet: property, plant and equipment

US$ in millions

Microsoft Excel
Jun 29, 2024 Jul 1, 2023 Jul 2, 2022 Jul 3, 2021 Jun 27, 2020 Jun 29, 2019
Land
Buildings and improvements
Fleet and equipment
Computer hardware and software
Plant and equipment at cost
Accumulated depreciation
Plant and equipment, net

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

Microsoft Excel
Jun 29, 2024 Jul 1, 2023 Jul 2, 2022 Jul 3, 2021 Jun 27, 2020 Jun 29, 2019
Average age ratio
Estimated total useful life (years)
Estimated age, time elapsed since purchase (years)
Estimated remaining life (years)

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

Microsoft Excel
Jun 29, 2024 Jul 1, 2023 Jul 2, 2022 Jul 3, 2021 Jun 27, 2020 Jun 29, 2019
Selected Financial Data (US$ in millions)
Accumulated depreciation
Plant and equipment at cost
Land
Asset Age Ratio
Average age1

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 × ÷ () =

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

Microsoft Excel
Jun 29, 2024 Jul 1, 2023 Jul 2, 2022 Jul 3, 2021 Jun 27, 2020 Jun 29, 2019
Selected Financial Data (US$ in millions)
Plant and equipment at cost
Land
Depreciation expense, including amortization of capital leases
Asset Age Ratio (Years)
Estimated total useful life1

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
= () ÷ =

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

Microsoft Excel
Jun 29, 2024 Jul 1, 2023 Jul 2, 2022 Jul 3, 2021 Jun 27, 2020 Jun 29, 2019
Selected Financial Data (US$ in millions)
Accumulated depreciation
Depreciation expense, including amortization of capital leases
Asset Age Ratio (Years)
Time elapsed since purchase1

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
= ÷ =

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

Microsoft Excel
Jun 29, 2024 Jul 1, 2023 Jul 2, 2022 Jul 3, 2021 Jun 27, 2020 Jun 29, 2019
Selected Financial Data (US$ in millions)
Plant and equipment, net
Land
Depreciation expense, including amortization of capital leases
Asset Age Ratio (Years)
Estimated remaining life1

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
= () ÷ =

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.