Starbucks Corporation (SBUX)
Receivables 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 |
| Receivables | US$ in thousands | 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 | 898,100 | 900,000 |
| Receivables turnover | 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 | 29.02 | 28.39 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $36,687,000K ÷ $1,165,100K
= 31.49
The receivables turnover ratio measures how effectively a company is collecting on its credit sales. It is calculated by dividing the net credit sales by the average accounts receivable over a specific period. A higher turnover ratio indicates that a company is collecting its receivables more efficiently.
In the case of Starbucks Corp., the receivables turnover has been consistently increasing over the past eight quarters. This indicates that the company has been improving its ability to collect on credit sales. The trend suggests that Starbucks is becoming more effective in managing its receivables, which is a positive sign for the company's liquidity and cash flow. It also reflects favorably on Starbucks' credit and collection policies, indicating that the company is efficiently converting its credit sales into cash. Overall, the increasing trend in receivables turnover for Starbucks Corp. is a positive indicator of the company's financial health and efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023