Common-Size Balance Sheet: Assets
Quarterly Data
Paying user area
Try for free
Sysco Corp. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Sysco Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Sysco Corp., common-size consolidated balance sheet: assets (quarterly data)
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).
- Cash and Cash Equivalents
- There is a notable peak in the percentage of cash and cash equivalents to total assets in the periods surrounding early 2020, reaching as high as approximately 26.78%, possibly reflecting a liquidity preference or precautionary holding during uncertain market conditions. Following this peak, the value steadily declines, reducing to below 3% in the most recent quarters, suggesting a strategic reduction or deployment of cash reserves.
- Accounts Receivable, Less Allowances
- The proportion of accounts receivable relative to total assets declines sharply around early to mid-2020, falling from above 22% to a low near 12.7%. It then gradually recovers, stabilizing around the 21% to 23% range in the latest periods. This trend may indicate initial collection challenges or reduced sales on credit during the disruptive period, followed by a normalization of receivables thereafter.
- Inventories
- Inventory levels as a percentage of total assets show a slight decrease in early 2020, dropping from around 18% to roughly 13.7%, before trending upward thereafter, reaching over 21% in late 2022. It decreases slightly again in the most recent quarters but remains near 18-19%. This pattern suggests adjustments in inventory management, potentially reflecting supply chain impacts and subsequent recovery efforts.
- Prepaid Expenses and Other Current Assets
- This category remains relatively stable throughout the periods, ranging moderately between 0.85% and 1.43%. No significant volatility is observed, indicating consistent prepayments and other current asset management.
- Income Tax Receivable
- Income tax receivables exhibit fluctuating and relatively low values with several intermittent missing data points. Percentages mostly remain below or near 0.2%, showing limited impact on the overall asset structure.
- Current Assets
- Current assets as a percentage of total assets increase significantly in early 2020, peaking at approximately 54-55%, likely influenced by elevated cash and receivables changes. Over time, this ratio gradually decreases and stabilizes around mid to upper 40% levels, indicating a return to more balanced asset composition.
- Plant and Equipment, Net
- The net carrying value of plant and equipment shows a modest decrease during early pandemic months, dropping from about 24% to around 19.7%, followed by a consistent, slight recovery to above 22% in the most recent periods. This suggests possible asset disposals or reduced capital expenditures initially, with later reinvestments or asset appreciation.
- Goodwill
- Goodwill’s proportion notably declines from over 21% in 2018 to a low of roughly 16.5% in mid-2020, with a rebound to levels around 20-21% in later quarters. This shift could be related to impairment assessments or adjustments, followed by acquisitions or revaluations.
- Intangibles, Less Amortization
- Intangible assets maintain a fairly steady percentage, generally between 3.4% and 5%, with a slight upward trend discernible after mid-2021. This suggests relatively stable amortization and possible additions to intangible asset bases over time.
- Deferred Income Taxes
- There is a clear increasing trend in deferred tax assets, rising from under 0.5% in 2018 to about 1.8-1.9% in recent quarters. This likely reflects deferred tax benefits growing in proportion to total assets.
- Operating Lease Right-of-Use Assets
- This category appears in records starting in late 2019, consistently making up around 3% of total assets with minor fluctuations. Its stability indicates steady lease obligations and associated rights-of-use recognized on the balance sheet.
- Other Assets
- Other assets remain consistently low and relatively stable, hovering around 2-3% over the observed periods with no significant trends or volatility.
- Other Long-Term Assets
- This category shows a gradual increase from approximately 29% to around 33-34%, indicating growth in less liquid asset classes or deferred items categorized here.
- Long-Term Assets
- The overall proportion of long-term assets decreases notably through early 2020, dropping from above 55% to about 45%, corresponding with the spike in current assets. Subsequently, long-term assets recover and increase steadily, surpassing 55% in the most recent quarters, reflecting a rebalancing towards longer-term investments or capital assets.