Starbucks Corporation (SBUX)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 20,894,400 | 17,641,900 |
| Total asset turnover | 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 | 1.25 | 1.45 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $36,687,000K ÷ $29,179,700K
= 1.26
The total asset turnover ratio for Starbucks Corp. has shown a relatively consistent trend over the past few quarters. The ratio measures the efficiency of the company in generating sales revenue from its total assets.
From January 2022 to December 2023, the total asset turnover ratio ranged from 1.08 to 1.26. This indicates that, on average, for every dollar of total assets, Starbucks generated sales of $1.08 to $1.26.
The increasing trend in the total asset turnover ratio from 1.08 in April 2022 to 1.26 in December 2023 suggests that Starbucks has become more effective in utilizing its assets to generate sales revenue. This could be the result of better inventory management, improved asset utilization, or increased sales efficiency.
Overall, the total asset turnover ratio demonstrates that Starbucks has been efficient in using its total assets to drive sales, leading to a positive indication of the company's operational efficiency over the observed period.
Peer comparison
Dec 31, 2023