Stock Analysis on Net

Sysco Corp. (NYSE:SYY)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Sysco Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018
Net fixed asset turnover 14.34 14.75 15.03 15.30 15.53 16.25 16.13 15.98 15.40 15.15 14.10 12.89 11.86 10.24 10.47 11.21 11.86 12.92 13.16 13.40 13.35
Net fixed asset turnover (including operating lease, right-of-use asset) 12.28 12.64 12.96 13.26 13.52 14.10 13.96 13.80 13.25 12.82 12.07 10.99 10.19 8.88 9.15 9.82 10.45 11.39 11.57 11.76 13.35
Total asset turnover 3.16 3.16 3.13 3.30 3.34 3.33 3.33 3.21 3.11 2.95 2.83 2.53 2.40 2.00 2.04 2.17 2.34 2.91 3.12 3.18 3.35
Equity turnover 42.39 37.13 32.24 36.14 38.00 47.96 51.22 63.93 49.66 49.81 49.74 33.45 33.03 31.55 32.17 37.97 45.65 29.33 23.92 24.52 24.02

Based on: 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-K (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-K (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29).

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 deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 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) deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Sysco Corp. total asset turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Sysco Corp. equity turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Net Fixed Asset Turnover

Sysco Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018
Selected Financial Data (US$ in millions)
Sales 20,556 19,380 19,288 19,620 19,728 18,876 18,594 19,127 18,957 16,902 16,320 16,457 16,137 11,825 11,559 11,777 8,867 13,699 15,025 15,303 15,475 14,658 14,766 15,215
Plant and equipment at cost, less accumulated depreciation 5,497 5,290 5,157 5,021 4,915 4,649 4,562 4,463 4,456 4,345 4,307 4,343 4,326 4,298 4,383 4,405 4,459 4,605 4,594 4,493 4,502 4,377 4,376 4,467
Long-term Activity Ratio
Net fixed asset turnover1 14.34 14.75 15.03 15.30 15.53 16.25 16.13 15.98 15.40 15.15 14.10 12.89 11.86 10.24 10.47 11.21 11.86 12.92 13.16 13.40 13.35
Benchmarks
Net Fixed Asset Turnover, Competitors2
Costco Wholesale Corp. 8.60 8.87 8.84 8.87 8.91 8.91 8.94 9.02 9.04 8.84 8.57 8.34 8.18 7.89 7.77 7.60 7.48 7.31 7.21 7.12 7.15
Dollar General Corp. 6.36 6.67 6.90 7.09 7.23 7.37 7.60 7.77 7.87 8.13 8.20 8.43 8.65 8.78 8.88 8.91 8.47 8.70 8.83 8.69 8.63
Target Corp. 3.20 3.18 3.23 3.32 3.41 3.47 3.57 3.68 3.71 3.65 3.64 3.62 3.44 3.27 3.13 2.97 2.93 2.91 2.92 2.93 2.92
Walmart Inc. 5.51 5.59 5.67 5.74 5.73 5.82 5.79 5.75 5.74 5.88 5.87 5.88 5.77 5.08 5.08 4.98 4.74 4.77 4.73 4.72 4.58

Based on: 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-K (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-K (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29).

1 Q4 2024 Calculation
Net fixed asset turnover = (SalesQ4 2024 + SalesQ3 2024 + SalesQ2 2024 + SalesQ1 2024) ÷ Plant and equipment at cost, less accumulated depreciation
= (20,556 + 19,380 + 19,288 + 19,620) ÷ 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 deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 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 (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018
Selected Financial Data (US$ in millions)
Sales 20,556 19,380 19,288 19,620 19,728 18,876 18,594 19,127 18,957 16,902 16,320 16,457 16,137 11,825 11,559 11,777 8,867 13,699 15,025 15,303 15,475 14,658 14,766 15,215
 
Plant and equipment at cost, less accumulated depreciation 5,497 5,290 5,157 5,021 4,915 4,649 4,562 4,463 4,456 4,345 4,307 4,343 4,326 4,298 4,383 4,405 4,459 4,605 4,594 4,493 4,502 4,377 4,376 4,467
Operating lease right-of-use assets, net 923 882 824 774 732 709 709 705 723 787 725 751 709 661 636 621 604 621 631 627
Plant and equipment at cost, less accumulated depreciation (including operating lease, right-of-use asset) 6,420 6,173 5,982 5,795 5,647 5,358 5,271 5,167 5,180 5,132 5,032 5,094 5,035 4,959 5,018 5,026 5,062 5,225 5,225 5,120 4,502 4,377 4,376 4,467
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 12.28 12.64 12.96 13.26 13.52 14.10 13.96 13.80 13.25 12.82 12.07 10.99 10.19 8.88 9.15 9.82 10.45 11.39 11.57 11.76 13.35
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Costco Wholesale Corp. 7.89 8.11 8.04 8.08 8.09 8.04 8.05 8.12 8.12 7.94 7.67 7.43 7.28 7.02 6.88 6.75 6.64 6.48 6.43 6.35 7.15
Dollar General Corp. 2.25 2.33 2.37 2.38 2.38 2.36 2.36 2.36 2.37 2.40 2.42 2.48 2.52 2.49 2.47 2.41 2.30 2.31 2.33 2.34 8.63
Target Corp. 2.90 2.91 2.97 3.07 3.15 3.20 3.29 3.38 3.40 3.35 3.33 3.32 3.17 3.02 2.89 2.74 2.70 2.69 2.70 2.72 2.71
Walmart Inc. 4.93 4.99 5.04 5.09 5.08 5.15 5.09 5.04 5.04 5.14 5.13 5.14 5.05 4.38 4.38 4.30 4.09 4.12 4.08 4.09 4.58

Based on: 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-K (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-K (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29).

1 Q4 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (SalesQ4 2024 + SalesQ3 2024 + SalesQ2 2024 + SalesQ1 2024) ÷ Plant and equipment at cost, less accumulated depreciation (including operating lease, right-of-use asset)
= (20,556 + 19,380 + 19,288 + 19,620) ÷ 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) deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Total Asset Turnover

Sysco Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018
Selected Financial Data (US$ in millions)
Sales 20,556 19,380 19,288 19,620 19,728 18,876 18,594 19,127 18,957 16,902 16,320 16,457 16,137 11,825 11,559 11,777 8,867 13,699 15,025 15,303 15,475 14,658 14,766 15,215
Total assets 24,917 24,712 24,741 23,273 22,821 22,702 22,087 22,211 22,086 22,324 21,427 22,103 21,414 22,043 22,490 22,742 22,628 20,432 19,372 18,957 17,967 18,201 18,194 18,542
Long-term Activity Ratio
Total asset turnover1 3.16 3.16 3.13 3.30 3.34 3.33 3.33 3.21 3.11 2.95 2.83 2.53 2.40 2.00 2.04 2.17 2.34 2.91 3.12 3.18 3.35
Benchmarks
Total Asset Turnover, Competitors2
Costco Wholesale Corp. 3.57 3.66 3.68 3.27 3.45 3.46 3.44 3.43 3.47 3.34 3.27 3.10 3.24 3.19 3.19 2.81 2.94 3.04 3.18 2.94 3.29
Dollar General Corp. 1.26 1.27 1.28 1.29 1.30 1.25 1.25 1.28 1.30 1.31 1.32 1.34 1.30 1.24 1.21 1.19 1.22 1.22 1.22 1.23 1.94
Target Corp. 1.91 1.87 2.00 2.07 2.02 1.93 2.03 2.08 1.94 1.87 1.93 1.92 1.80 1.73 1.74 1.77 1.80 1.75 1.83 1.85 1.80
Walmart Inc. 2.55 2.44 2.45 2.52 2.49 2.40 2.36 2.32 2.32 2.32 2.35 2.36 2.20 2.17 2.27 2.28 2.20 2.16 2.19 2.18 2.33

Based on: 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-K (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-K (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29).

1 Q4 2024 Calculation
Total asset turnover = (SalesQ4 2024 + SalesQ3 2024 + SalesQ2 2024 + SalesQ1 2024) ÷ Total assets
= (20,556 + 19,380 + 19,288 + 19,620) ÷ 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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Equity Turnover

Sysco Corp., equity turnover calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018
Selected Financial Data (US$ in millions)
Sales 20,556 19,380 19,288 19,620 19,728 18,876 18,594 19,127 18,957 16,902 16,320 16,457 16,137 11,825 11,559 11,777 8,867 13,699 15,025 15,303 15,475 14,658 14,766 15,215
Shareholders’ equity 1,860 2,101 2,404 2,126 2,009 1,575 1,437 1,115 1,382 1,321 1,221 1,673 1,553 1,396 1,427 1,300 1,159 2,029 2,528 2,455 2,503 2,362 2,168 2,639
Long-term Activity Ratio
Equity turnover1 42.39 37.13 32.24 36.14 38.00 47.96 51.22 63.93 49.66 49.81 49.74 33.45 33.03 31.55 32.17 37.97 45.65 29.33 23.92 24.52 24.02
Benchmarks
Equity Turnover, Competitors2
Costco Wholesale Corp. 10.57 11.43 11.76 9.22 9.49 9.80 10.09 10.56 10.79 10.69 10.62 10.78 10.93 11.10 11.18 11.40 8.93 9.37 9.32 9.54 9.80
Dollar General Corp. 5.73 6.05 6.16 6.48 6.83 5.96 5.71 5.80 5.46 5.49 5.49 5.39 5.07 4.65 4.25 4.10 4.14 4.10 3.95 3.98 3.99
Target Corp. 7.88 8.42 8.88 9.28 9.58 9.73 10.04 9.80 8.16 7.39 6.66 6.48 6.40 6.57 6.65 7.08 6.52 6.65 6.41 6.77 6.59
Walmart Inc. 7.66 7.97 7.86 8.52 7.90 8.23 7.51 7.42 6.82 6.89 6.98 7.13 6.86 6.69 7.14 7.78 6.96 7.22 7.31 7.50 7.04

Based on: 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-K (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-K (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29).

1 Q4 2024 Calculation
Equity turnover = (SalesQ4 2024 + SalesQ3 2024 + SalesQ2 2024 + SalesQ1 2024) ÷ Shareholders’ equity
= (20,556 + 19,380 + 19,288 + 19,620) ÷ 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 improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.