Sysco (SYY) Total Inventories

: $4,722 Mil (As of Dec. 2023)

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Sysco's total inventories for the quarter that ended in Dec. 2023 was $4,722 Mil. Sysco's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $4,686 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sysco's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-29.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sysco's Days Inventory for the three months ended in Dec. 2023 was 27.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sysco's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.37.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sysco's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

Sysco Total Inventories Historical Data

The historical data trend for Sysco's Total Inventories 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.

* Premium members only.

Sysco Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

3,216.03

3,095.09

3,695.22

4,437.50

4,480.81

Sysco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																4,661.52	4,620.61	4,480.81	4,648.61	4,722.50

Sysco Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Sysco (NYSE:SYY) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Sysco's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(962.165	+	0.75 * 5291.552	+	0.5 * 4722.499	-	22303.2
-	0	-	33.367)	/	503.702
=	-29.87

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sysco's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	4685.5545	/	15774.309	*	365 / 4
	=	27.10

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sysco's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	15774.309	/	4685.5545
	=	3.37

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Sysco's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4685.5545	/	19287.942
	=	0.24

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Sysco Total Inventories Related Terms

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Sysco (SYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sysco Corp (NYSE:SYY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

SYY:Germany SYY:Germany 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.

Executives

Sheila Talton	director	C/O ACCO BRANDS CORPORATION, 300 TOWER PARKWAY, LINCOLNSHIRE IL 60201
Jennifer L Johnson	officer: SVP and CAO	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Victoria L Gutierrez	officer: SVP	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Daniel Purefoy	officer: SVP, Chief Supply Chain Off	33 KINGSWAY, LONDON X0 WC2B 6UF
Neil Russell	officer: Interim CFO	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Kenny K Cheung	officer: EVP and CFO	HERTZ GLOBAL HOLDINGS, INC., 8501 WILLIAMS ROAD, ESTERO FL 33928
Greg D Bertrand	officer: SVP	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Kevin Hourican	officer: President and CEO	ONE CVS DRIVE, WOONSOCKET RI 02895
Scott B. Stone	officer: VP, Finance and interim CAO	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Paulo Peereboom	officer: EVP	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Aaron E Alt	officer: EVP and CFO	3001 COLORADO BLVD., DENTON TX 76210
Anita A Zielinski	officer: SVP & CAO	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
James Chris Jasper	officer: SVP	1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Jill Golder	director	305 HARTMANN DRIVE, LEBANON TN 37087
Ali Dibadj	director	C/O JANUS HENDERSON GROUP, 151 DETROIT STREET, DENVER CO 80206