Starbucks Corporation (SBUX)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 13,461,800 | 13,180,500 | 13,160,000 | 13,066,900 | 12,907,100 | 12,608,300 | 12,334,800 | 12,100,300 | 11,791,300 | 11,570,500 | 11,217,600 | 10,839,200 | 10,359,300 | 10,056,300 | 10,297,100 | 10,808,400 | 9,467,500 | 10,820,400 | 11,539,200 | 12,109,900 |
| Inventory | US$ in thousands | 1,777,300 | 1,744,000 | 1,646,300 | 1,806,400 | 1,987,000 | 2,000,600 | 2,088,100 | 2,176,600 | 2,132,900 | 1,920,000 | 1,637,100 | 1,603,900 | 1,548,200 | 1,503,600 | 1,471,500 | 1,551,400 | 1,583,800 | 1,492,200 | 1,408,700 | 1,529,400 |
| Inventory turnover | 7.57 | 7.56 | 7.99 | 7.23 | 6.50 | 6.30 | 5.91 | 5.56 | 5.53 | 6.03 | 6.85 | 6.76 | 6.69 | 6.69 | 7.00 | 6.97 | 5.98 | 7.25 | 8.19 | 7.92 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $13,461,800K ÷ $1,777,300K
= 7.57
The inventory turnover for Starbucks Corporation has shown a fluctuating trend over the past several quarters. The ratio measures how efficiently the company manages its inventory by indicating how many times the inventory is sold and replaced within a given period. A higher turnover ratio generally signifies strong sales and effective inventory management.
From September 2019 to September 2024, Starbucks' inventory turnover has ranged from a low of 5.53 to a high of 8.19, with an average of approximately 6.98. The highest turnover was recorded in December 2019 and the lowest in September 2022.
Overall, Starbucks has maintained a relatively healthy inventory turnover ratio, indicating efficient inventory management and sales performance. The slight fluctuations in the ratio suggest variations in sales volumes and inventory levels over the different quarters. It is essential for Starbucks to continue monitoring and optimizing its inventory management processes to ensure the efficient use of resources and maximize profitability.
Peer comparison
Sep 30, 2024
Sep 30, 2024