Return on Assets (ROA)
since 2005
Calculation
Sysco Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net earnings1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jun 29, 2024 | 7.85% | = | 100 | × | 1,955) | ÷ | 24,917) |
| Jul 1, 2023 | 7.76% | = | 100 | × | 1,770) | ÷ | 22,821) |
| Jul 2, 2022 | 6.15% | = | 100 | × | 1,359) | ÷ | 22,086) |
| Jul 3, 2021 | 2.45% | = | 100 | × | 524) | ÷ | 21,414) |
| Jun 27, 2020 | 0.95% | = | 100 | × | 215) | ÷ | 22,628) |
| Jun 29, 2019 | 9.32% | = | 100 | × | 1,674) | ÷ | 17,967) |
| Jun 30, 2018 | 7.92% | = | 100 | × | 1,431) | ÷ | 18,070) |
| Jul 1, 2017 | 6.43% | = | 100 | × | 1,143) | ÷ | 17,757) |
| Jul 2, 2016 | 5.68% | = | 100 | × | 950) | ÷ | 16,722) |
| Jun 27, 2015 | 3.82% | = | 100 | × | 687) | ÷ | 17,989) |
| Jun 28, 2014 | 7.07% | = | 100 | × | 932) | ÷ | 13,168) |
| Jun 29, 2013 | 7.84% | = | 100 | × | 992) | ÷ | 12,664) |
| Jun 30, 2012 | 9.27% | = | 100 | × | 1,122) | ÷ | 12,095) |
| Jul 2, 2011 | 10.12% | = | 100 | × | 1,152) | ÷ | 11,386) |
| Jul 3, 2010 | 11.44% | = | 100 | × | 1,180) | ÷ | 10,314) |
| Jun 27, 2009 | 10.34% | = | 100 | × | 1,056) | ÷ | 10,217) |
| Jun 28, 2008 | 10.97% | = | 100 | × | 1,106) | ÷ | 10,082) |
| Jun 30, 2007 | 10.52% | = | 100 | × | 1,001) | ÷ | 9,519) |
| Jul 1, 2006 | 9.51% | = | 100 | × | 855) | ÷ | 8,992) |
| Jul 2, 2005 | 11.63% | = | 100 | × | 961) | ÷ | 8,268) |
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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
1 US$ in millions
The long-term trajectory of the Return on Assets (ROA) reflects a period of initial stability followed by significant volatility and a subsequent recovery phase. Over the analyzed period from 2005 to 2024, the organization experienced a substantial expansion of its asset base, which grew from 8,268 million US$ to 24,917 million US$, while net earnings exhibited more cyclical fluctuations.
- Historical Efficiency and Initial Decline
- Between 2005 and 2012, ROA remained relatively strong, generally fluctuating between 9.27% and 11.63%. However, a downward trend emerged starting in 2013, with the ratio falling to 7.84% and continuing to decline to 7.07% by 2014. This period indicates a diminishing capacity to generate profit relative to the increasing scale of the asset base.
- Significant Volatility Events
- Two distinct periods of severe contraction are evident. In 2015, ROA dropped sharply to 3.82%, coinciding with a substantial increase in total assets from 13,168 million US$ to 17,989 million US$, suggesting an asset expansion that outpaced earnings growth. A more drastic collapse occurred in 2020, where ROA fell to 0.95% as net earnings plummeted to 215 million US$, marking the lowest efficiency point in the recorded history.
- Recovery and Stabilization Patterns
- Following the 2015 dip, a steady recovery was observed from 2016 through 2019, with ROA climbing back to 9.32%. Similarly, following the 2020 contraction, a strong rebound is noted. ROA increased to 2.45% in 2021, 6.15% in 2022, and 7.76% in 2023, eventually stabilizing at 7.85% in 2024.
- Correlation Between Asset Growth and Profitability
- While total assets have tripled since 2005, net earnings have not grown at the same proportional rate, leading to a lower long-term ROA ceiling. The 2024 ROA of 7.85% represents a significant recovery from the 2020 lows, yet it remains below the double-digit efficiency levels maintained during the 2005-2011 period.
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Comparison to Competitors
Sysco Corp., ROA, long-term trends, comparison to competitors
| Sysco Corp. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Jun 29, 2024 | 7.85% | 10.55% | 7.48% | 6.15% |
| Jul 1, 2023 | 7.76% | 9.12% | 5.21% | 4.80% |
| Jul 2, 2022 | 6.15% | 9.11% | 12.91% | 5.58% |
| Jul 3, 2021 | 2.45% | 8.45% | 8.52% | 5.35% |
| Jun 27, 2020 | 0.95% | 7.20% | 7.67% | 6.29% |
| Jun 29, 2019 | 9.32% | 8.06% | 7.11% | 3.04% |
| Jun 30, 2018 | 7.92% | 7.68% | 7.52% | 4.82% |
| Jul 1, 2017 | 6.43% | 7.37% | 7.31% | 6.86% |
| Jul 2, 2016 | 5.68% | 7.09% | 8.35% | 7.36% |
| Jun 27, 2015 | 3.82% | 7.11% | -3.95% | 8.03% |
| Jun 28, 2014 | 7.07% | 6.23% | 4.42% | 7.83% |
| Jun 29, 2013 | 7.84% | 6.73% | 6.23% | 8.37% |
| Jun 30, 2012 | 9.27% | 6.30% | 6.28% | 8.12% |
| Jul 2, 2011 | 10.12% | 5.46% | 6.68% | 9.07% |
| Jul 3, 2010 | 11.44% | 5.47% | 5.59% | 8.40% |
| Jun 27, 2009 | 10.34% | 4.94% | 5.02% | 8.20% |
| Jun 28, 2008 | 10.97% | 6.20% | 6.39% | 7.79% |
| Jun 30, 2007 | 10.52% | 5.52% | 7.46% | 7.46% |
| Jul 1, 2006 | 9.51% | 6.31% | 6.88% | 8.13% |
| Jul 2, 2005 | 11.63% | 6.44% | 9.90% | 8.54% |
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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
Comparison to Sector (Consumer Staples Distribution & Retail)
Sysco Corp., ROA, long-term trends, comparison to sector (consumer staples distribution & retail)
| Sysco Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jun 29, 2024 | 7.85% | 7.15% |
| Jul 1, 2023 | 7.76% | 5.68% |
| Jul 2, 2022 | 6.15% | 7.29% |
| Jul 3, 2021 | 2.45% | 6.30% |
| Jun 27, 2020 | 0.95% | 6.62% |
| Jun 29, 2019 | 9.32% | 4.34% |
| Jun 30, 2018 | 7.92% | 5.60% |
| Jul 1, 2017 | 6.43% | 6.99% |
| Jul 2, 2016 | 5.68% | 7.47% |
| Jun 27, 2015 | 3.82% | 6.14% |
| Jun 28, 2014 | 7.07% | 7.10% |
| Jun 29, 2013 | 7.84% | 7.83% |
| Jun 30, 2012 | 9.27% | 7.61% |
| Jul 2, 2011 | 10.12% | 8.27% |
| Jul 3, 2010 | 11.44% | 7.58% |
| Jun 27, 2009 | 10.34% | 7.28% |
| Jun 28, 2008 | 10.97% | 7.37% |
| Jun 30, 2007 | 10.52% | 7.28% |
| Jul 1, 2006 | 9.51% | 7.73% |
| Jul 2, 2005 | 11.63% | 8.59% |
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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
Comparison to Industry (Consumer Staples)
Sysco Corp., ROA, long-term trends, comparison to industry (consumer staples)
| Sysco Corp. | Consumer Staples | |
|---|---|---|
| Jun 29, 2024 | 7.85% | 8.89% |
| Jul 1, 2023 | 7.76% | 8.28% |
| Jul 2, 2022 | 6.15% | 8.95% |
| Jul 3, 2021 | 2.45% | 8.75% |
| Jun 27, 2020 | 0.95% | 8.24% |
| Jun 29, 2019 | 9.32% | 6.41% |
| Jun 30, 2018 | 7.92% | 8.40% |
| Jul 1, 2017 | 6.43% | 7.42% |
| Jul 2, 2016 | 5.68% | 7.94% |
| Jun 27, 2015 | 3.82% | 7.69% |
| Jun 28, 2014 | 7.07% | 7.96% |
| Jun 29, 2013 | 7.84% | 8.75% |
| Jun 30, 2012 | 9.27% | 8.63% |
| Jul 2, 2011 | 10.12% | 8.89% |
| Jul 3, 2010 | 11.44% | 9.45% |
| Jun 27, 2009 | 10.34% | 9.43% |
| Jun 28, 2008 | 10.97% | 9.11% |
| Jun 30, 2007 | 10.52% | 8.07% |
| Jul 1, 2006 | 9.51% | 8.42% |
| Jul 2, 2005 | 11.63% | 9.55% |
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), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).