Starbucks Corporation (SBUX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,408,800 | 5,874,400 | 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 |
| 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 |
| Operating ROA | 17.26% | 20.01% | 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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,408,800K ÷ $31,339,300K
= 17.26%
Operating return on assets (ROA) reflects Starbucks Corporation's efficiency in generating profits from its assets used in operations. The trend analysis of Starbucks' operating ROA over the past several quarters shows fluctuations.
From Dec 2019 to Mar 2021, the operating ROA declined significantly, from 21.22% to 4.19%, indicating a period of decreasing profitability relative to assets employed. This was likely due to the impact of the COVID-19 pandemic on Starbucks' operations, leading to lower revenues and profitability.
However, from Jun 2021 onwards, there was a consistent improvement in operating ROA, indicating a recovery in profitability and efficiency in utilizing assets. The operating ROA increased from 15.52% in Jun 2021 to 20.92% in Dec 2023, showing a positive trend.
The highest operating ROA of 20.92% was recorded in Dec 2023, indicating that Starbucks generated $0.2092 in operating income for every dollar of assets employed in operations. This improvement suggests that Starbucks efficiently managed its assets to drive profitability.
Overall, the fluctuation in Starbucks' operating ROA reflects the company's ability to adapt and recover from challenging situations, such as the pandemic, and highlights its efforts to enhance operational efficiency and profitability over time.
Peer comparison
Sep 30, 2024