Analysis of Inventory
Inventory Disclosure
Sysco Corp., balance sheet: inventory
US$ in millions
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished goods | 4,678) | 4,481) | 4,437) | 3,695) | 3,095) | 3,216) | |||||||
| Inventories | 4,678) | 4,481) | 4,437) | 3,695) | 3,095) | 3,216) |
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).
Inventory levels have exhibited a general upward trajectory over the six-year period ending June 29, 2024, increasing from 3,216 million USD to 4,678 million USD. This represents a total growth of approximately 45.4% over the analyzed timeframe.
- Inventory Growth Phases
- A marginal contraction occurred between 2019 and 2020, with values decreasing from 3,216 million USD to 3,095 million USD. This was followed by a period of significant acceleration between 2020 and 2022, during which inventory grew by approximately 43% to reach 4,437 million USD. The growth rate moderated in the final two years, ending at 4,678 million USD in 2024.
- Inventory Composition
- A consistent identity is observed between finished goods and total inventories across all reported periods. This suggests that the company's inventory asset is comprised exclusively of finished goods, which is characteristic of a distribution-centric operational model where raw materials and work-in-process inventories are negligible or non-existent.
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