Total Asset Turnover
since 2005
Calculation
Sysco Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jun 29, 2024 | 3.16 | = | 78,844) | ÷ | 24,917) |
| Jul 1, 2023 | 3.34 | = | 76,325) | ÷ | 22,821) |
| Jul 2, 2022 | 3.11 | = | 68,636) | ÷ | 22,086) |
| Jul 3, 2021 | 2.40 | = | 51,298) | ÷ | 21,414) |
| Jun 27, 2020 | 2.34 | = | 52,893) | ÷ | 22,628) |
| Jun 29, 2019 | 3.35 | = | 60,114) | ÷ | 17,967) |
| Jun 30, 2018 | 3.25 | = | 58,727) | ÷ | 18,070) |
| Jul 1, 2017 | 3.12 | = | 55,371) | ÷ | 17,757) |
| Jul 2, 2016 | 3.01 | = | 50,367) | ÷ | 16,722) |
| Jun 27, 2015 | 2.71 | = | 48,681) | ÷ | 17,989) |
| Jun 28, 2014 | 3.53 | = | 46,517) | ÷ | 13,168) |
| Jun 29, 2013 | 3.51 | = | 44,411) | ÷ | 12,664) |
| Jun 30, 2012 | 3.50 | = | 42,381) | ÷ | 12,095) |
| Jul 2, 2011 | 3.45 | = | 39,323) | ÷ | 11,386) |
| Jul 3, 2010 | 3.61 | = | 37,243) | ÷ | 10,314) |
| Jun 27, 2009 | 3.61 | = | 36,853) | ÷ | 10,217) |
| Jun 28, 2008 | 3.72 | = | 37,522) | ÷ | 10,082) |
| Jun 30, 2007 | 3.68 | = | 35,042) | ÷ | 9,519) |
| Jul 1, 2006 | 3.63 | = | 32,628) | ÷ | 8,992) |
| Jul 2, 2005 | 3.66 | = | 30,282) | ÷ | 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 financial trajectory from 2005 to 2024 is characterized by substantial growth in top-line revenue and an expanding asset base, resulting in varying levels of asset utilization efficiency over three distinct periods.
- Revenue and Asset Expansion
- Sales experienced a long-term upward trend, increasing from 30,282 million USD in 2005 to 78,844 million USD in 2024. Over the same interval, total assets grew from 8,268 million USD to 24,917 million USD. While sales growth was generally consistent, asset growth occurred in more pronounced shifts, particularly around 2015 and 2020.
- Phase of High Stability (2005–2014)
- During this period, total asset turnover remained high and relatively constant, fluctuating between a low of 3.45 and a peak of 3.72 in 2008. This indicates a period of optimized efficiency where sales growth closely mirrored the expansion of the asset base.
- Period of Structural Shifts and Volatility (2015–2020)
- A sharp decline in asset turnover was observed in 2015, where the ratio fell to 2.71. This drop coincides with a significant increase in total assets, which jumped from 13,168 million USD in 2014 to 17,989 million USD in 2015. Following a partial recovery to 3.35 by 2019, the ratio reached its lowest point of 2.34 in 2020. This secondary decline was driven by a combination of contracting sales and a simultaneous increase in total assets to 22,628 million USD.
- Recovery and Current Trend (2021–2024)
- A strong rebound in efficiency occurred after 2020, with the asset turnover ratio increasing to 3.11 by 2022. This recovery was primarily supported by a rapid acceleration in sales, which climbed from 51,298 million USD in 2021 to 78,844 million USD by 2024. The ratio concluded the period at 3.16, indicating a return to higher operational efficiency, although it remains below the historical peaks seen prior to 2015.
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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 | 3.16 | 3.57 | 1.94 | 2.55 |
| Jul 1, 2023 | 3.34 | 3.45 | 2.05 | 2.49 |
| Jul 2, 2022 | 3.11 | 3.47 | 1.97 | 2.32 |
| Jul 3, 2021 | 2.40 | 3.24 | 1.83 | 2.20 |
| Jun 27, 2020 | 2.34 | 2.94 | 1.83 | 2.20 |
| Jun 29, 2019 | 3.35 | 3.29 | 1.83 | 2.33 |
| Jun 30, 2018 | 3.25 | 3.39 | 1.84 | 2.42 |
| Jul 1, 2017 | 3.12 | 3.47 | 1.86 | 2.42 |
| Jul 2, 2016 | 3.01 | 3.50 | 1.83 | 2.40 |
| Jun 27, 2015 | 2.71 | 3.40 | 1.75 | 2.37 |
| Jun 28, 2014 | 3.53 | 3.34 | 1.63 | 2.31 |
| Jun 29, 2013 | 3.51 | 3.40 | 1.52 | 2.29 |
| Jun 30, 2012 | 3.50 | 3.58 | 1.50 | 2.29 |
| Jul 2, 2011 | 3.45 | 3.25 | 1.54 | 2.32 |
| Jul 3, 2010 | 3.61 | 3.20 | 1.47 | 2.37 |
| Jun 27, 2009 | 3.61 | 3.18 | 1.47 | 2.46 |
| Jun 28, 2008 | 3.72 | 3.43 | 1.42 | 2.29 |
| Jun 30, 2007 | 3.68 | 3.22 | 1.59 | 2.28 |
| Jul 1, 2006 | 3.63 | 3.37 | 1.50 | 2.26 |
| Jul 2, 2005 | 3.66 | 3.14 | 1.45 | 2.37 |
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 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 | 3.16 | 2.65 |
| Jul 1, 2023 | 3.34 | 2.61 |
| Jul 2, 2022 | 3.11 | 2.47 |
| Jul 3, 2021 | 2.40 | 2.32 |
| Jun 27, 2020 | 2.34 | 2.27 |
| Jun 29, 2019 | 3.35 | 2.40 |
| Jun 30, 2018 | 3.25 | 2.48 |
| Jul 1, 2017 | 3.12 | 2.48 |
| Jul 2, 2016 | 3.01 | 2.45 |
| Jun 27, 2015 | 2.71 | 2.40 |
| Jun 28, 2014 | 3.53 | 2.32 |
| Jun 29, 2013 | 3.51 | 2.28 |
| Jun 30, 2012 | 3.50 | 2.29 |
| Jul 2, 2011 | 3.45 | 2.28 |
| Jul 3, 2010 | 3.61 | 2.29 |
| Jun 27, 2009 | 3.61 | 2.34 |
| Jun 28, 2008 | 3.72 | 2.22 |
| Jun 30, 2007 | 3.68 | 2.25 |
| Jul 1, 2006 | 3.63 | 2.22 |
| Jul 2, 2005 | 3.66 | 2.27 |
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 | 3.16 | 1.56 |
| Jul 1, 2023 | 3.34 | 1.51 |
| Jul 2, 2022 | 3.11 | 1.47 |
| Jul 3, 2021 | 2.40 | 1.41 |
| Jun 27, 2020 | 2.34 | 1.32 |
| Jun 29, 2019 | 3.35 | 1.39 |
| Jun 30, 2018 | 3.25 | 1.39 |
| Jul 1, 2017 | 3.12 | 1.34 |
| Jul 2, 2016 | 3.01 | 1.35 |
| Jun 27, 2015 | 2.71 | 1.37 |
| Jun 28, 2014 | 3.53 | 1.32 |
| Jun 29, 2013 | 3.51 | 1.30 |
| Jun 30, 2012 | 3.50 | 1.30 |
| Jul 2, 2011 | 3.45 | 1.27 |
| Jul 3, 2010 | 3.61 | 1.24 |
| Jun 27, 2009 | 3.61 | 1.36 |
| Jun 28, 2008 | 3.72 | 1.35 |
| Jun 30, 2007 | 3.68 | 1.32 |
| Jul 1, 2006 | 3.63 | 1.33 |
| Jul 2, 2005 | 3.66 | 1.52 |
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).