Starbucks Corporation (SBUX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,103,000 | 5,870,700 | 5,360,000 | 5,071,600 | 4,693,000 | 4,617,700 | 4,904,400 | 5,097,600 | 5,136,300 | 4,872,000 | 3,948,100 | 1,755,500 | 1,255,300 | 1,561,600 | 2,086,600 | 3,911,800 | 4,282,100 | 4,078,000 | 3,951,300 | 3,868,200 |
| 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 |
| Operating ROA | 20.92% | 19.94% | 18.65% | 17.73% | 16.61% | 16.50% | 17.42% | 17.56% | 17.81% | 15.52% | 13.39% | 6.19% | 4.19% | 5.32% | 7.16% | 14.24% | 15.44% | 21.22% | 18.91% | 21.93% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,103,000K ÷ $29,179,700K
= 20.92%
The operating return on assets (operating ROA) for Starbucks Corp. has exhibited a generally positive trend over the past eight quarters, indicating the company's effective management of its assets to generate operating income. The operating ROA has consistently increased from 15.83% in October 2022 to 19.64% in December 2023. This improvement suggests that Starbucks has been able to enhance its operational efficiency and profitability relative to its asset base.
The upward trajectory of the operating ROA reflects the company's ability to efficiently utilize its assets to generate income from its core operations. This may indicate effective cost management, improved pricing strategies, or increased sales volume.
Overall, the trend in Starbucks Corp.'s operating ROA signals a positive performance in terms of generating operating income relative to its asset base, which is indicative of effective asset management and operational profitability.
Peer comparison
Dec 31, 2023