Starbucks Corporation (SBUX)
Fixed asset turnover
| Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 36,176,200 | 36,530,200 | 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 |
| Property, plant and equipment | US$ in thousands | 8,665,500 | 7,817,400 | 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 |
| Fixed asset turnover | 4.17 | 4.67 | 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 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $36,176,200K ÷ $8,665,500K
= 4.17
The fixed asset turnover of Starbucks Corporation has shown fluctuations over the past 20 quarters. The ratio has generally ranged between 3.75 to 4.99, indicating that the company generates approximately $3.75 to $4.99 in sales for every dollar invested in fixed assets.
There was a peak in the ratio at 4.99 in March 2023, indicating efficient utilization of fixed assets to generate sales. However, the ratio slightly decreased in the subsequent quarters.
Despite some fluctuations, the overall trend demonstrates consistent performance in efficiently utilizing fixed assets. It is essential for Starbucks to continue monitoring and optimizing the utilization of fixed assets to maintain or improve its fixed asset turnover in the future.
Peer comparison
Sep 30, 2024
See also:
Starbucks Corporation Net Fixed Asset Turnover (Quarterly Data)