Starbucks Corporation (SBUX)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 36,176,200 | 35,975,600 | 32,250,300 | 29,060,600 | 23,518,000 |
| Receivables | US$ in thousands | 1,213,800 | 1,184,100 | 1,203,200 | 960,700 | 1,269,000 |
| Receivables turnover | 29.80 | 30.38 | 26.80 | 30.25 | 18.53 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $36,176,200K ÷ $1,213,800K
= 29.80
The receivables turnover for Starbucks Corporation has shown fluctuations over the past five years. The ratio was 29.80 in 2024, indicating that on average, the company collects its accounts receivable approximately 29.80 times during the year. Comparing this to previous years, the turnover was slightly lower than the 30.38 turnover in 2023 but higher than the 26.80 turnover in 2022 and the 30.25 turnover in 2021.
A higher receivables turnover ratio suggests that the company is more efficient in collecting payments from its customers. In contrast, a lower ratio may indicate issues with collections or an increase in credit sales. The substantial improvement in the receivables turnover from 2020 to 2021 and then maintaining relatively stable turnover levels in subsequent years reflects the company's effectiveness in managing its accounts receivable. Overall, the receivables turnover ratio for Starbucks Corporation has generally been at healthy levels, indicating effective management of credit and collection policies.
Peer comparison
Sep 30, 2024