Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Sysco Corp., adjusted financial ratios

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Activity Ratio
Total Asset Turnover
Reported	3.16	3.34	3.11	2.40	2.34	3.35
Adjusted	3.21	3.40	3.15	2.42	2.32	3.26
Liquidity Ratio
Current Ratio
Reported	1.20	1.24	1.20	1.47	1.84	1.33
Adjusted	1.20	1.25	1.21	1.48	1.89	1.34
Solvency Ratios
Debt to Equity
Reported	6.44	5.18	7.70	7.14	12.47	3.26
Adjusted	7.02	5.67	8.39	7.88	10.62	3.28
Debt to Capital
Reported	0.87	0.84	0.89	0.88	0.93	0.77
Adjusted	0.88	0.85	0.89	0.89	0.91	0.77
Financial Leverage
Reported	13.40	11.36	15.98	13.79	19.53	7.18
Adjusted	13.29	11.39	16.04	14.12	16.03	6.94
Profitability Ratios
Net Profit Margin
Reported	2.48%	2.32%	1.98%	1.02%	0.41%	2.79%
Adjusted	2.41%	2.57%	1.33%	1.39%	0.42%	2.26%
Return on Equity (ROE)
Reported	105.11%	88.13%	98.30%	33.76%	18.60%	66.90%
Adjusted	103.14%	99.39%	67.34%	47.43%	15.47%	51.15%
Return on Assets (ROA)
Reported	7.85%	7.76%	6.15%	2.45%	0.95%	9.32%
Adjusted	7.76%	8.72%	4.20%	3.36%	0.96%	7.37%

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).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Sysco Corp. adjusted total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Sysco Corp. adjusted current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Sysco Corp. adjusted debt-to-equity ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Sysco Corp. adjusted debt-to-capital ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Sysco Corp. adjusted financial leverage ratio decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Sysco Corp. adjusted net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Sysco Corp. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Sysco Corp. adjusted ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Sysco Corp., Financial Ratios: Reported vs. Adjusted

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	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Reported
Selected Financial Data (US$ in millions)
Sales	78,844)	76,325)	68,636)	51,298)	52,893)	60,114)
Total assets	24,917)	22,821)	22,086)	21,414)	22,628)	17,967)
Activity Ratio
Total asset turnover¹	3.16	3.34	3.11	2.40	2.34	3.35
Adjusted
Selected Financial Data (US$ in millions)
Sales	78,844)	76,325)	68,636)	51,298)	52,893)	60,114)
Adjusted total assets²	24,526)	22,446)	21,779)	21,179)	22,769)	18,455)
Activity Ratio
Adjusted total asset turnover³	3.21	3.40	3.15	2.42	2.32	3.26

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).

¹ 2024 Calculation
Total asset turnover = Sales ÷ Total assets
= 78,844 ÷ 24,917 = 3.16

² Adjusted total assets. See details »

³ 2024 Calculation
Adjusted total asset turnover = Sales ÷ Adjusted total assets
= 78,844 ÷ 24,526 = 3.21

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Sysco Corp. adjusted total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Reported
Selected Financial Data (US$ in millions)
Current assets	11,043)	10,608)	10,483)	10,734)	12,348)	8,142)
Current liabilities	9,241)	8,540)	8,750)	7,320)	6,718)	6,103)
Liquidity Ratio
Current ratio¹	1.20	1.24	1.20	1.47	1.84	1.33
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets²	11,097)	10,654)	10,554)	10,851)	12,683)	8,170)
Current liabilities	9,241)	8,540)	8,750)	7,320)	6,718)	6,103)
Liquidity Ratio
Adjusted current ratio³	1.20	1.25	1.21	1.48	1.89	1.34

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).

¹ 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,043 ÷ 9,241 = 1.20

² Adjusted current assets. See details »

³ 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 11,097 ÷ 9,241 = 1.20

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Sysco Corp. adjusted current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt	11,982)	10,411)	10,648)	11,083)	14,447)	8,163)
Shareholders’ equity	1,860)	2,009)	1,382)	1,553)	1,159)	2,503)
Solvency Ratio
Debt to equity¹	6.44	5.18	7.70	7.14	12.47	3.26
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt²	12,945)	11,166)	11,390)	11,820)	15,078)	8,704)
Adjusted shareholders’ equity³	1,845)	1,970)	1,358)	1,500)	1,420)	2,658)
Solvency Ratio
Adjusted debt to equity⁴	7.02	5.67	8.39	7.88	10.62	3.28

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).

¹ 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 11,982 ÷ 1,860 = 6.44

² Adjusted total debt. See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted shareholders’ equity
= 12,945 ÷ 1,845 = 7.02

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Sysco Corp. adjusted debt-to-equity ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt	11,982)	10,411)	10,648)	11,083)	14,447)	8,163)
Total capital	13,842)	12,419)	12,030)	12,636)	15,605)	10,666)
Solvency Ratio
Debt to capital¹	0.87	0.84	0.89	0.88	0.93	0.77
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt²	12,945)	11,166)	11,390)	11,820)	15,078)	8,704)
Adjusted total capital³	14,790)	13,136)	12,747)	13,320)	16,498)	11,362)
Solvency Ratio
Adjusted debt to capital⁴	0.88	0.85	0.89	0.89	0.91	0.77

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).

¹ 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 11,982 ÷ 13,842 = 0.87

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 12,945 ÷ 14,790 = 0.88

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Sysco Corp. adjusted debt-to-capital ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Reported
Selected Financial Data (US$ in millions)
Total assets	24,917)	22,821)	22,086)	21,414)	22,628)	17,967)
Shareholders’ equity	1,860)	2,009)	1,382)	1,553)	1,159)	2,503)
Solvency Ratio
Financial leverage¹	13.40	11.36	15.98	13.79	19.53	7.18
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets²	24,526)	22,446)	21,779)	21,179)	22,769)	18,455)
Adjusted shareholders’ equity³	1,845)	1,970)	1,358)	1,500)	1,420)	2,658)
Solvency Ratio
Adjusted financial leverage⁴	13.29	11.39	16.04	14.12	16.03	6.94

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).

¹ 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 24,917 ÷ 1,860 = 13.40

² Adjusted total assets. See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted shareholders’ equity
= 24,526 ÷ 1,845 = 13.29

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Sysco Corp. adjusted financial leverage ratio decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Reported
Selected Financial Data (US$ in millions)
Net earnings	1,955)	1,770)	1,359)	524)	215)	1,674)
Sales	78,844)	76,325)	68,636)	51,298)	52,893)	60,114)
Profitability Ratio
Net profit margin¹	2.48%	2.32%	1.98%	1.02%	0.41%	2.79%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings²	1,903)	1,958)	914)	711)	220)	1,360)
Sales	78,844)	76,325)	68,636)	51,298)	52,893)	60,114)
Profitability Ratio
Adjusted net profit margin³	2.41%	2.57%	1.33%	1.39%	0.42%	2.26%

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).

¹ 2024 Calculation
Net profit margin = 100 × Net earnings ÷ Sales
= 100 × 1,955 ÷ 78,844 = 2.48%

² Adjusted net earnings. See details »

³ 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings ÷ Sales
= 100 × 1,903 ÷ 78,844 = 2.41%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Sysco Corp. adjusted net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Reported
Selected Financial Data (US$ in millions)
Net earnings	1,955)	1,770)	1,359)	524)	215)	1,674)
Shareholders’ equity	1,860)	2,009)	1,382)	1,553)	1,159)	2,503)
Profitability Ratio
ROE¹	105.11%	88.13%	98.30%	33.76%	18.60%	66.90%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings²	1,903)	1,958)	914)	711)	220)	1,360)
Adjusted shareholders’ equity³	1,845)	1,970)	1,358)	1,500)	1,420)	2,658)
Profitability Ratio
Adjusted ROE⁴	103.14%	99.39%	67.34%	47.43%	15.47%	51.15%

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).

¹ 2024 Calculation
ROE = 100 × Net earnings ÷ Shareholders’ equity
= 100 × 1,955 ÷ 1,860 = 105.11%

² Adjusted net earnings. See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2024 Calculation
Adjusted ROE = 100 × Adjusted net earnings ÷ Adjusted shareholders’ equity
= 100 × 1,903 ÷ 1,845 = 103.14%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Sysco Corp. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Reported
Selected Financial Data (US$ in millions)
Net earnings	1,955)	1,770)	1,359)	524)	215)	1,674)
Total assets	24,917)	22,821)	22,086)	21,414)	22,628)	17,967)
Profitability Ratio
ROA¹	7.85%	7.76%	6.15%	2.45%	0.95%	9.32%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings²	1,903)	1,958)	914)	711)	220)	1,360)
Adjusted total assets³	24,526)	22,446)	21,779)	21,179)	22,769)	18,455)
Profitability Ratio
Adjusted ROA⁴	7.76%	8.72%	4.20%	3.36%	0.96%	7.37%

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).

¹ 2024 Calculation
ROA = 100 × Net earnings ÷ Total assets
= 100 × 1,955 ÷ 24,917 = 7.85%

² Adjusted net earnings. See details »

³ Adjusted total assets. See details »

⁴ 2024 Calculation
Adjusted ROA = 100 × Adjusted net earnings ÷ Adjusted total assets
= 100 × 1,903 ÷ 24,526 = 7.76%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Sysco Corp. adjusted ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Sysco Corp. (NYSE:SYY)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Sysco Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)