Starbucks Corporation (SBUX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,293,700 | 4,124,500 | 3,783,500 | 3,554,700 | 3,320,900 | 3,281,600 | 4,167,700 | 4,408,200 | 4,393,100 | 4,199,400 | 2,827,600 | 995,800 | 664,800 | 928,300 | 1,338,600 | 3,389,800 | 3,724,600 | 3,599,500 | 3,552,400 | 3,032,100 |
| 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 |
| ROA | 14.71% | 14.01% | 13.17% | 12.43% | 11.75% | 11.73% | 14.80% | 15.19% | 15.24% | 13.38% | 9.59% | 3.51% | 2.22% | 3.16% | 4.59% | 12.34% | 13.43% | 18.73% | 17.00% | 17.19% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,293,700K ÷ $29,179,700K
= 14.71%
To analyze the return on assets (ROA) of Starbucks Corp., we can observe the trend in the ROA figures over the past several quarters. The ROA measures the efficiency of the company in using its assets to generate earnings.
Looking at the data, we can see a generally positive trend in the ROA from the beginning of 2022 to the end of 2023. The ROA has consistently improved, indicating that Starbucks Corp. has been increasingly effective in generating earnings relative to its asset base.
The ROA increased from 11.73% in October 2022 to 15.19% in April 2022 before declining slightly to 14.71% in December 2023. This trend suggests that the company has been successful in enhancing its profitability relative to its asset utilization.
Overall, the consistent improvement in ROA reflects positively on the company's management of assets to generate earnings, indicating a favorable level of operational efficiency and financial performance.
Peer comparison
Dec 31, 2023
See also:
Starbucks Corporation Return on Assets (ROA) (Quarterly Data)