Total Asset Turnover
since 2005
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Sysco Corp. pages available for free this week:
- Income Statement
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
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Calculation
Sysco Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jun 29, 2024 | = | ÷ | |||
| Jul 1, 2023 | = | ÷ | |||
| Jul 2, 2022 | = | ÷ | |||
| Jul 3, 2021 | = | ÷ | |||
| Jun 27, 2020 | = | ÷ | |||
| Jun 29, 2019 | = | ÷ | |||
| Jun 30, 2018 | = | ÷ | |||
| Jul 1, 2017 | = | ÷ | |||
| Jul 2, 2016 | = | ÷ | |||
| Jun 27, 2015 | = | ÷ | |||
| Jun 28, 2014 | = | ÷ | |||
| Jun 29, 2013 | = | ÷ | |||
| Jun 30, 2012 | = | ÷ | |||
| Jul 2, 2011 | = | ÷ | |||
| Jul 3, 2010 | = | ÷ | |||
| Jun 27, 2009 | = | ÷ | |||
| Jun 28, 2008 | = | ÷ | |||
| Jun 30, 2007 | = | ÷ | |||
| Jul 1, 2006 | = | ÷ | |||
| Jul 2, 2005 | = | ÷ |
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 financial data reveals notable trends and shifts over the analyzed periods. Sales exhibit a generally upward trajectory from 30,282 million US dollars in mid-2005 to 78,844 million US dollars by mid-2024, indicating consistent growth. There are fluctuations observed around mid-2020 and mid-2021, with a decline from 60,114 million US dollars in 2019 to 52,893 million US dollars in 2020 and a subsequent slight decrease to 51,298 million US dollars in 2021, likely reflecting external economic challenges during those years. However, this dip is followed by a robust recovery and growth in subsequent years, reaching the highest sales figure in 2024.
Total assets also show an increasing trend, starting at 8,268 million US dollars in 2005 and rising to 24,917 million US dollars by 2024. The period between 2014 and 2015 stands out with a significant increase from 13,168 million to 17,989 million US dollars in total assets. Despite some fluctuations, total assets generally maintain steady growth with occasional declines, such as between 2015 and 2016, but overall increments dominate the timeline.
The total asset turnover ratio demonstrates variability over the years. It begins relatively high at approximately 3.66 in 2005, maintaining similar levels around 3.6 during the initial years. A decline is noticeable around 2014-2016, where the ratio drops to as low as 2.71, highlighting a reduction in efficiency in generating sales from assets during that period. Following this, a recovery is observed, with ratios rising again to above 3.1 in recent years, signaling improved asset utilization. Notably, the lowest asset turnover corresponds with the years of increased total assets, suggesting that asset growth outpaced sales growth temporarily during that time span.
- Sales Trends
- Sales consistently increase over the long term, with a sharp decline occurring during 2020-2021, likely due to unusual market or economic disruptions, followed by a strong rebound and reaching record highs by 2024.
- Total Assets Development
- Total assets grow substantially over the period, with a noteworthy jump around 2014-2015. Minor fluctuations occur but do not detract from the overall growth trend.
- Total Asset Turnover Insights
- The turnover ratio remains mostly stable initially, but declines during the mid-2010s, indicating less efficient asset use amid asset expansion, then recovers afterwards, pointing to an increase in operational efficiency moving into recent years.
Comparison to Competitors
Sysco Corp., total asset turnover, long-term trends, comparison to competitors
| Sysco Corp. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Jun 29, 2024 | ||||
| Jul 1, 2023 | ||||
| Jul 2, 2022 | ||||
| Jul 3, 2021 | ||||
| Jun 27, 2020 | ||||
| Jun 29, 2019 | ||||
| Jun 30, 2018 | ||||
| Jul 1, 2017 | ||||
| Jul 2, 2016 | ||||
| Jun 27, 2015 | ||||
| Jun 28, 2014 | ||||
| Jun 29, 2013 | ||||
| Jun 30, 2012 | ||||
| Jul 2, 2011 | ||||
| Jul 3, 2010 | ||||
| Jun 27, 2009 | ||||
| Jun 28, 2008 | ||||
| Jun 30, 2007 | ||||
| Jul 1, 2006 | ||||
| Jul 2, 2005 |
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., total asset turnover, long-term trends, comparison to sector (consumer staples distribution & retail)
| Sysco Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jun 29, 2024 | ||
| Jul 1, 2023 | ||
| Jul 2, 2022 | ||
| Jul 3, 2021 | ||
| Jun 27, 2020 | ||
| Jun 29, 2019 | ||
| Jun 30, 2018 | ||
| Jul 1, 2017 | ||
| Jul 2, 2016 | ||
| Jun 27, 2015 | ||
| Jun 28, 2014 | ||
| Jun 29, 2013 | ||
| Jun 30, 2012 | ||
| Jul 2, 2011 | ||
| Jul 3, 2010 | ||
| Jun 27, 2009 | ||
| Jun 28, 2008 | ||
| Jun 30, 2007 | ||
| Jul 1, 2006 | ||
| Jul 2, 2005 |
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., total asset turnover, long-term trends, comparison to industry (consumer staples)
| Sysco Corp. | Consumer Staples | |
|---|---|---|
| Jun 29, 2024 | ||
| Jul 1, 2023 | ||
| Jul 2, 2022 | ||
| Jul 3, 2021 | ||
| Jun 27, 2020 | ||
| Jun 29, 2019 | ||
| Jun 30, 2018 | ||
| Jul 1, 2017 | ||
| Jul 2, 2016 | ||
| Jun 27, 2015 | ||
| Jun 28, 2014 | ||
| Jun 29, 2013 | ||
| Jun 30, 2012 | ||
| Jul 2, 2011 | ||
| Jul 3, 2010 | ||
| Jun 27, 2009 | ||
| Jun 28, 2008 | ||
| Jun 30, 2007 | ||
| Jul 1, 2006 | ||
| Jul 2, 2005 |
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).