Starbucks Corporation (SBUX)
Working capital 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 current assets | US$ in thousands | 6,847,400 | 7,303,400 | 7,018,700 | 9,756,400 | 7,806,400 |
| Total current liabilities | US$ in thousands | 9,070,000 | 9,345,300 | 9,151,800 | 8,151,400 | 7,346,800 |
| Working capital turnover | — | — | — | 18.11 | 51.17 |
September 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $36,176,200K ÷ ($6,847,400K – $9,070,000K)
= —
The working capital turnover ratio for Starbucks Corporation was not available for the years ending in September 2024 and September 2023. However, for the years ending in September 2022, 2021, and 2020, the working capital turnover ratios were 18.11, 51.17, and 51.17, respectively.
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. A higher ratio indicates that the company is effectively using its working capital to generate revenue.
From the available data, we can observe that Starbucks' working capital turnover ratio decreased significantly from 51.17 in 2020 to 18.11 in 2022. This decline suggests that the company may have become less efficient in utilizing its working capital to generate sales in 2022 compared to 2020.
Further analysis would be needed to understand the reasons behind this decline and to assess the potential impact on Starbucks Corporation's overall financial performance and liquidity management.
Peer comparison
Sep 30, 2024