Starbucks Corporation (SBUX)
Total asset 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 |
| Total assets | US$ in thousands | 31,339,300 | 29,363,200 | 29,179,700 | 29,445,500 | 28,733,000 | 28,609,000 | 28,256,100 | 27,978,400 | 28,156,200 | 29,021,500 | 28,833,900 | 31,392,600 | 29,476,800 | 28,371,700 | 29,968,400 | 29,374,500 | 29,140,600 | 27,478,900 | 27,731,300 | 19,219,600 |
| Total asset turnover | 1.15 | 1.24 | 1.26 | 1.22 | 1.22 | 1.19 | 1.16 | 1.15 | 1.14 | 1.08 | 1.05 | 0.93 | 0.92 | 0.84 | 0.77 | 0.80 | 0.83 | 0.97 | 0.97 | 1.38 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $36,176,200K ÷ $31,339,300K
= 1.15
The total asset turnover of Starbucks Corporation has shown some fluctuations over the past few years. The ratio measures the efficiency with which the company is utilizing its assets to generate revenue.
From 2019 to early 2020, the total asset turnover was relatively high, suggesting that Starbucks was effectively using its assets to generate revenue. However, from mid-2020 to mid-2022, the ratio decreased, indicating a potential decrease in efficiency in asset utilization.
From late 2022 to early 2024, the total asset turnover saw an improvement, reaching its peak in March 2024. This increase suggests that Starbucks was able to generate more revenue for each dollar of assets during this period, reflecting better efficiency in asset utilization.
It is important for Starbucks to continue monitoring and optimizing its total asset turnover to ensure efficient use of resources and sustainable growth in the future.
Peer comparison
Sep 30, 2024