Starbucks Corporation (SBUX)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,760,900 | 4,124,500 | 3,281,600 | 4,199,300 | 928,300 |
| Total assets | US$ in thousands | 31,339,300 | 29,445,500 | 27,978,400 | 31,392,600 | 29,374,500 |
| ROA | 12.00% | 14.01% | 11.73% | 13.38% | 3.16% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $3,760,900K ÷ $31,339,300K
= 12.00%
The return on assets (ROA) for Starbucks Corporation has shown fluctuation over the past five years. In 2024, the ROA decreased to 12.00% from 14.01% in 2023, indicating a slight decline in the company's efficiency in generating profit from its assets. However, compared to the ROA of 3.16% in 2020, the current ROA remains significantly higher, suggesting an improvement in asset utilization.
Overall, Starbucks has historically maintained a relatively strong ROA, with peaks in 2023 and 2021 at 14.01% and 13.38% respectively. This signifies the company's ability to efficiently utilize its assets to generate profits. However, the recent dip in ROA in 2024 may warrant further investigation to understand the factors contributing to this decline and assess whether it is indicative of a larger trend.
Peer comparison
Sep 30, 2024