Starbucks Corporation (SBUX)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 36,687,000 | 35,975,600 | 35,016,200 | 33,998,000 | 32,913,800 | 32,250,300 | 31,982,800 | 31,329,200 | 30,361,600 | 29,060,600 | 27,117,000 | 23,842,600 | 23,170,300 | 23,518,000 | 24,061,900 | 26,662,800 | 26,973,000 | 26,508,600 | 26,065,200 | 25,552,500 |
| Property, plant and equipment | US$ in thousands | 7,611,700 | 7,387,100 | 7,053,500 | 6,818,600 | 6,699,500 | 6,560,500 | 6,408,200 | 6,460,800 | 6,398,000 | 6,369,500 | 6,151,400 | 6,123,100 | 6,177,900 | 6,241,400 | 6,295,600 | 6,387,000 | 6,390,900 | 6,431,700 | 6,187,800 | 6,135,500 |
| Fixed asset turnover | 4.82 | 4.87 | 4.96 | 4.99 | 4.91 | 4.92 | 4.99 | 4.85 | 4.75 | 4.56 | 4.41 | 3.89 | 3.75 | 3.77 | 3.82 | 4.17 | 4.22 | 4.12 | 4.21 | 4.16 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $36,687,000K ÷ $7,611,700K
= 4.82
The fixed asset turnover ratio for Starbucks Corp. has remained relatively stable over the past year, ranging from 4.82 to 4.99. This indicates that the company is generating approximately $4.82 to $4.99 in sales for every dollar invested in fixed assets. A higher fixed asset turnover ratio generally suggests better utilization of fixed assets to generate sales. Despite minor fluctuations, the consistent values imply efficient management of fixed assets to drive revenue. It is evident that Starbucks has effectively utilized its fixed assets to support its sales and drive productivity throughout the periods analyzed.
Peer comparison
Dec 31, 2023
See also:
Starbucks Corporation Net Fixed Asset Turnover (Quarterly Data)