Starbucks Corporation (SBUX)
Receivables 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 |
| Receivables | US$ in thousands | 1,213,800 | 1,110,300 | 1,165,100 | 1,184,100 | 1,140,200 | — | — | 1,203,200 | — | — | — | 960,700 | 979,100 | 1,060,800 | 1,220,600 | 1,269,000 | 1,310,900 | 1,331,800 | 1,049,100 | 1,055,800 |
| Receivables turnover | 29.80 | 32.90 | 31.49 | 30.38 | 30.71 | — | — | 26.80 | — | — | — | 30.25 | 27.70 | 22.48 | 18.98 | 18.53 | 18.36 | 20.02 | 25.71 | 25.11 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $36,176,200K ÷ $1,213,800K
= 29.80
The receivables turnover ratio for Starbucks Corporation has shown fluctuations over the past years. This ratio measures how efficiently the company is collecting outstanding credit sales from customers. A higher receivables turnover ratio indicates a faster collection of receivables.
From the data provided, we observe that the receivables turnover ratio has generally been above 20x, reflecting a healthy trend in managing receivables. However, there were some fluctuations in the ratio over the years, with a peak of 32.90 in March 2024 and a decline in subsequent periods.
It is noteworthy that, for some quarters, data is missing, which indicates information gaps for analysis. Overall, the receivables turnover ratio for Starbucks Corporation has maintained above-average levels, suggesting effective credit management and timely collections from customers. Further analysis of the missing periods would provide a more comprehensive understanding of the company's receivables management performance.
Peer comparison
Sep 30, 2024