Sysco (BSP:S1YY34) ROCE % : 17.69% (As of Dec. 2023)

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What is Sysco ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Sysco's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.69%.

Sysco ROCE % Historical Data

The historical data trend for Sysco's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sysco ROCE % Chart

Sysco Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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20.49

5.67

9.60

17.32

19.98

Sysco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.22	20.03	30.16	22.10	17.69

Sysco ROCE % Calculation

Sysco's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	13649.124	/	( ( (111481.927 - 44167.648)	+	(110766.991 - 41452.7) )	/ 2 )
	=	13649.124	/	( (67314.279	+	69314.291)	/ 2 )
	=	13649.124	/	68314.285
	=	19.98 %

Sysco's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	13617.484	/	( ( (114937.135 - 41752.58)	+	(121223.997 - 40445.252) )	/ 2 )
	=	13617.484	/	( ( 73184.555	+	80778.745 )	/ 2 )
	=	13617.484	/	76981.65
	=	17.69 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sysco (BSP:S1YY34) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Sysco ROCE % Related Terms

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Sysco (BSP:S1YY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sysco Corp (BSP:S1YY34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SYY:USA SYY:Germany SYY:Argentina

Address

1390 Enclave Parkway, Houston, TX, USA, 77077-2099

Website

https://www.sysco.com

Sysco is the largest U.S. foodservice distributor with 17% share of the highly fragmented $350 billion domestic market. Sysco distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%) and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firm's revenue was derived from its U.S. foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments made up the difference.

Sysco (BSP:S1YY34) Headlines

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