Return on Equity (ROE)
since 2005
Calculation
Sysco Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net earnings1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jun 29, 2024 | 105.11% | = | 100 | × | 1,955) | ÷ | 1,860) |
| Jul 1, 2023 | 88.13% | = | 100 | × | 1,770) | ÷ | 2,009) |
| Jul 2, 2022 | 98.30% | = | 100 | × | 1,359) | ÷ | 1,382) |
| Jul 3, 2021 | 33.76% | = | 100 | × | 524) | ÷ | 1,553) |
| Jun 27, 2020 | 18.60% | = | 100 | × | 215) | ÷ | 1,159) |
| Jun 29, 2019 | 66.90% | = | 100 | × | 1,674) | ÷ | 2,503) |
| Jun 30, 2018 | 57.07% | = | 100 | × | 1,431) | ÷ | 2,507) |
| Jul 1, 2017 | 47.97% | = | 100 | × | 1,143) | ÷ | 2,382) |
| Jul 2, 2016 | 27.29% | = | 100 | × | 950) | ÷ | 3,480) |
| Jun 27, 2015 | 13.06% | = | 100 | × | 687) | ÷ | 5,260) |
| Jun 28, 2014 | 17.69% | = | 100 | × | 932) | ÷ | 5,267) |
| Jun 29, 2013 | 19.12% | = | 100 | × | 992) | ÷ | 5,192) |
| Jun 30, 2012 | 23.94% | = | 100 | × | 1,122) | ÷ | 4,685) |
| Jul 2, 2011 | 24.48% | = | 100 | × | 1,152) | ÷ | 4,705) |
| Jul 3, 2010 | 30.83% | = | 100 | × | 1,180) | ÷ | 3,828) |
| Jun 27, 2009 | 30.61% | = | 100 | × | 1,056) | ÷ | 3,450) |
| Jun 28, 2008 | 32.45% | = | 100 | × | 1,106) | ÷ | 3,409) |
| Jun 30, 2007 | 30.54% | = | 100 | × | 1,001) | ÷ | 3,278) |
| Jul 1, 2006 | 28.02% | = | 100 | × | 855) | ÷ | 3,052) |
| Jul 2, 2005 | 34.85% | = | 100 | × | 961) | ÷ | 2,759) |
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
- Net earnings
- Net earnings displayed an overall upward trend from 2005 to 2024, rising from $961 million to $1,955 million. There were fluctuations throughout the period, including a notable decline around 2014 and a sharp drop to $215 million in 2020. After 2020, earnings rebounded strongly, reaching the highest value in 2024. This pattern suggests resilience and recovery following a significant downturn.
- Shareholders’ equity
- Shareholders' equity generally increased from 2005 through 2015, peaking at around $5,267 million before experiencing a significant decline in 2016 to $3,480 million. It continued to fall to $1,159 million by 2020, followed by a partial recovery to $2,009 million in 2023 and a slight decrease to $1,860 million in 2024. This indicates considerable volatility and erosion in equity levels particularly in the latter half of the timeline, possibly linked to financial stress or capital structure changes.
- Return on Equity (ROE)
- ROE showed a declining trend from its initial high of approximately 34.85% in 2005 to a lower range around 13.06% in 2014. From 2015 onwards, there was a sharp increase in ROE, peaking at over 100% in 2024. Such extreme values suggest a potential distortion caused by low equity bases during this period, amplifying profitability ratios. The peak in 2020 aligns with the equity trough, highlighting high returns generated on diminished equity.
- Overall Analysis
- The data reveals a company experiencing steady profit growth alongside fluctuating equity levels, especially significant declines post-2015. The sharp drops in equity and net income in 2020, followed by strong recovery, point to an external shock or significant operational event during that year. The unusually high ROE values in recent years reflect elevated profitability relative to reduced equity and warrant cautious interpretation, as they may not reflect sustainable performance. The company’s ability to restore net earnings substantially after downturns indicates underlying operational strength despite capital base challenges.
Comparison to Competitors
Sysco Corp., ROE, long-term trends, comparison to competitors
| Sysco Corp. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Jun 29, 2024 | 105.11% | 31.19% | 30.81% | 18.50% |
| Jul 1, 2023 | 88.13% | 25.11% | 24.75% | 15.23% |
| Jul 2, 2022 | 98.30% | 28.31% | 54.15% | 16.42% |
| Jul 3, 2021 | 33.76% | 28.51% | 30.25% | 16.69% |
| Jun 27, 2020 | 18.60% | 21.89% | 27.73% | 19.93% |
| Jun 29, 2019 | 66.90% | 24.00% | 26.00% | 9.20% |
| Jun 30, 2018 | 57.07% | 24.49% | 25.06% | 12.66% |
| Jul 1, 2017 | 47.97% | 24.86% | 24.99% | 17.54% |
| Jul 2, 2016 | 27.29% | 19.46% | 25.96% | 18.24% |
| Jun 27, 2015 | 13.06% | 22.39% | -11.69% | 20.10% |
| Jun 28, 2014 | 17.69% | 16.73% | 12.14% | 21.01% |
| Jun 29, 2013 | 19.12% | 18.82% | 18.11% | 22.27% |
| Jun 30, 2012 | 23.94% | 13.83% | 18.51% | 22.01% |
| Jul 2, 2011 | 24.48% | 12.18% | 18.85% | 23.91% |
| Jul 3, 2010 | 30.83% | 12.03% | 16.21% | 20.26% |
| Jun 27, 2009 | 30.61% | 10.83% | 16.15% | 20.53% |
| Jun 28, 2008 | 32.45% | 13.95% | 18.61% | 19.70% |
| Jun 30, 2007 | 30.54% | 12.56% | 17.83% | 18.33% |
| Jul 1, 2006 | 28.02% | 12.07% | 16.95% | 21.12% |
| Jul 2, 2005 | 34.85% | 11.97% | 24.55% | 20.79% |
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., ROE, long-term trends, comparison to sector (consumer staples distribution & retail)
| Sysco Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jun 29, 2024 | 105.11% | 22.34% |
| Jul 1, 2023 | 88.13% | 18.37% |
| Jul 2, 2022 | 98.30% | 22.67% |
| Jul 3, 2021 | 33.76% | 20.26% |
| Jun 27, 2020 | 18.60% | 21.15% |
| Jun 29, 2019 | 66.90% | 13.40% |
| Jun 30, 2018 | 57.07% | 15.56% |
| Jul 1, 2017 | 47.97% | 19.15% |
| Jul 2, 2016 | 27.29% | 19.33% |
| Jun 27, 2015 | 13.06% | 16.13% |
| Jun 28, 2014 | 17.69% | 19.13% |
| Jun 29, 2013 | 19.12% | 21.24% |
| Jun 30, 2012 | 23.94% | 20.44% |
| Jul 2, 2011 | 24.48% | 21.63% |
| Jul 3, 2010 | 30.83% | 18.70% |
| Jun 27, 2009 | 30.61% | 18.76% |
| Jun 28, 2008 | 32.45% | 18.92% |
| Jun 30, 2007 | 30.54% | 17.66% |
| Jul 1, 2006 | 28.02% | 19.27% |
| Jul 2, 2005 | 34.85% | 20.37% |
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., ROE, long-term trends, comparison to industry (consumer staples)
| Sysco Corp. | Consumer Staples | |
|---|---|---|
| Jun 29, 2024 | 105.11% | 32.18% |
| Jul 1, 2023 | 88.13% | 30.71% |
| Jul 2, 2022 | 98.30% | 32.10% |
| Jul 3, 2021 | 33.76% | 31.40% |
| Jun 27, 2020 | 18.60% | 30.98% |
| Jun 29, 2019 | 66.90% | 22.71% |
| Jun 30, 2018 | 57.07% | 28.05% |
| Jul 1, 2017 | 47.97% | 25.14% |
| Jul 2, 2016 | 27.29% | 25.00% |
| Jun 27, 2015 | 13.06% | 23.15% |
| Jun 28, 2014 | 17.69% | 23.21% |
| Jun 29, 2013 | 19.12% | 24.09% |
| Jun 30, 2012 | 23.94% | 23.55% |
| Jul 2, 2011 | 24.48% | 23.75% |
| Jul 3, 2010 | 30.83% | 24.19% |
| Jun 27, 2009 | 30.61% | 23.20% |
| Jun 28, 2008 | 32.45% | 22.49% |
| Jun 30, 2007 | 30.54% | 18.15% |
| Jul 1, 2006 | 28.02% | 18.58% |
| Jul 2, 2005 | 34.85% | 22.40% |
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).