Starbucks Corporation (SBUX)

Total asset turnover

Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019
Revenue US$ in thousands 35,975,600 32,250,300 29,060,600 23,518,000 26,508,600
Total assets US$ in thousands 29,445,500 27,978,400 31,392,600 29,374,500 19,219,600
Total asset turnover 1.22 1.15 0.93 0.80 1.38

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $35,975,600K ÷ $29,445,500K
= 1.22

The total asset turnover ratio for Starbucks Corporation has shown fluctuations over the past five years. In 2023, the total asset turnover ratio improved to 1.22, indicating that the company generated $1.22 in sales for every $1 of assets. This represents an increase from the previous year, where the ratio was at 1.15.

The trend over the five-year period shows that in 2021 and 2020, the total asset turnover was below 1, indicating that the company was not efficiently utilizing its assets to generate revenue. However, in 2019, the ratio was notably high at 1.38, suggesting that Starbucks was efficient in utilizing its assets to drive sales.

Overall, the improvement in the total asset turnover ratio in 2023 is a positive sign of enhanced asset efficiency for Starbucks Corporation compared to the previous year. Efficient asset turnover is crucial for driving revenue and profitability in the company's operations.


Peer comparison

Sep 30, 2023

Company name
Symbol
Total asset turnover
Starbucks Corporation
SBUX
1.22
Shake Shack Inc
SHAK
0.68
The Wendy’s Co
WEN
0.42

See also:

Starbucks Corporation Total Asset Turnover