Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Sysco Corp., long-term (investment) activity 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Sysco Corp. net fixed asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Sysco Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Sysco Corp. total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Sysco Corp. equity turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Net Fixed Asset Turnover
Sysco Corp., net fixed asset turnover calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Sales | 78,844) | 76,325) | 68,636) | 51,298) | 52,893) | 60,114) | |
| Plant and equipment at cost, less accumulated depreciation | 5,497) | 4,915) | 4,456) | 4,326) | 4,459) | 4,502) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 14.34 | 15.53 | 15.40 | 11.86 | 11.86 | 13.35 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 8.19 | 8.49 | 8.48 | 7.84 | 7.29 | 7.03 | |
| Dollar General Corp. | 6.36 | 7.23 | 7.87 | 8.65 | 8.47 | 8.63 | |
| Target Corp. | 3.20 | 3.41 | 3.71 | 3.44 | 2.93 | 2.92 | |
| Walmart Inc. | 5.51 | 5.73 | 5.74 | 5.77 | 4.74 | 4.58 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 6.08 | 6.16 | 5.94 | 5.06 | 4.95 | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Staples | — | 5.54 | 5.60 | 5.41 | 4.71 | 4.64 | |
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 fixed asset turnover = Sales ÷ Plant and equipment at cost, less accumulated depreciation
= 78,844 ÷ 5,497 = 14.34
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Sysco Corp. net fixed asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Sysco Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Sales | 78,844) | 76,325) | 68,636) | 51,298) | 52,893) | 60,114) | |
| Plant and equipment at cost, less accumulated depreciation | 5,497) | 4,915) | 4,456) | 4,326) | 4,459) | 4,502) | |
| Operating lease right-of-use assets, net | 923) | 732) | 723) | 709) | 604) | —) | |
| Plant and equipment at cost, less accumulated depreciation (including operating lease, right-of-use asset) | 6,420) | 5,647) | 5,180) | 5,035) | 5,062) | 4,502) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 12.28 | 13.52 | 13.25 | 10.19 | 10.45 | 13.35 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Costco Wholesale Corp. | 7.55 | 7.74 | 7.67 | 7.01 | 6.48 | 7.03 | |
| Dollar General Corp. | 2.25 | 2.38 | 2.37 | 2.52 | 2.30 | 8.63 | |
| Target Corp. | 2.90 | 3.15 | 3.40 | 3.17 | 2.70 | 2.71 | |
| Walmart Inc. | 4.93 | 5.08 | 5.04 | 5.05 | 4.09 | 4.58 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Consumer Staples Distribution & Retail | — | 5.18 | 5.20 | 5.01 | 4.25 | 4.89 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Staples | — | 4.82 | 4.85 | 4.68 | 4.06 | 4.53 | |
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 fixed asset turnover (including operating lease, right-of-use asset) = Sales ÷ Plant and equipment at cost, less accumulated depreciation (including operating lease, right-of-use asset)
= 78,844 ÷ 6,420 = 12.28
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Sysco Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Total Asset Turnover
Sysco Corp., total asset turnover calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| 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) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 3.16 | 3.34 | 3.11 | 2.40 | 2.34 | 3.35 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 3.57 | 3.45 | 3.47 | 3.24 | 2.94 | 3.29 | |
| Dollar General Corp. | 1.26 | 1.30 | 1.30 | 1.30 | 1.22 | 1.94 | |
| Target Corp. | 1.91 | 2.02 | 1.94 | 1.80 | 1.80 | 1.80 | |
| Walmart Inc. | 2.55 | 2.49 | 2.32 | 2.20 | 2.20 | 2.33 | |
| Total Asset Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 2.55 | 2.43 | 2.25 | 2.21 | 2.43 | |
| Total Asset Turnover, Industry | |||||||
| Consumer Staples | — | 1.60 | 1.56 | 1.48 | 1.38 | 1.48 | |
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 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Sysco Corp. total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Equity Turnover
Sysco Corp., equity turnover calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Sales | 78,844) | 76,325) | 68,636) | 51,298) | 52,893) | 60,114) | |
| Shareholders’ equity | 1,860) | 2,009) | 1,382) | 1,553) | 1,159) | 2,503) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 42.39 | 38.00 | 49.66 | 33.03 | 45.65 | 24.02 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 10.57 | 9.49 | 10.79 | 10.93 | 8.93 | 9.80 | |
| Dollar General Corp. | 5.73 | 6.83 | 5.46 | 5.07 | 4.14 | 3.99 | |
| Target Corp. | 7.88 | 9.58 | 8.16 | 6.40 | 6.52 | 6.59 | |
| Walmart Inc. | 7.66 | 7.90 | 6.82 | 6.86 | 6.96 | 7.04 | |
| Equity Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 8.84 | 8.02 | 7.63 | 7.47 | 7.59 | |
| Equity Turnover, Industry | |||||||
| Consumer Staples | — | 6.82 | 6.34 | 6.04 | 5.87 | 5.70 | |
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
Equity turnover = Sales ÷ Shareholders’ equity
= 78,844 ÷ 1,860 = 42.39
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Sysco Corp. equity turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |