Starbucks Corporation (SBUX)
Total asset 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 |
| Total assets | US$ in thousands | 31,339,300 | 29,445,500 | 27,978,400 | 31,392,600 | 29,374,500 |
| Total asset turnover | 1.15 | 1.22 | 1.15 | 0.93 | 0.80 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $36,176,200K ÷ $31,339,300K
= 1.15
The total asset turnover ratio for Starbucks Corporation has fluctuated over the past five years. In 2024, the ratio stands at 1.15, indicating that the company generated $1.15 in revenue for every dollar of assets. This suggests that Starbucks efficiently utilized its assets to generate sales revenue.
Compared to the previous year, the total asset turnover ratio decreased from 1.22 in 2023 to 1.15 in 2024. This implies that Starbucks may have experienced a slight decrease in asset efficiency in converting its assets into revenue.
When looking back at the trend over the five-year period, we observe an overall improvement in asset turnover, with the ratio increasing from 0.80 in 2020 to 1.15 in 2024. This signifies that Starbucks has become more efficient in utilizing its assets to drive sales growth and generate revenue.
It is essential for Starbucks to continue monitoring and managing its asset turnover ratio to ensure optimal utilization of assets and sustained revenue generation in the future.
Peer comparison
Sep 30, 2024