Starbucks Corporation (SBUX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,760,900 | 4,157,800 | 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 |
| 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 |
| ROA | 12.00% | 14.16% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,760,900K ÷ $31,339,300K
= 12.00%
The return on assets (ROA) for Starbucks Corporation has shown fluctuations over the past few quarters. From December 2019 to March 2020, the ROA was relatively high, at 18.73%, indicating efficient utilization of assets to generate profits. However, there was a notable decline in the ROA in the subsequent quarters, reaching a low of 2.22% in March 2021.
There was a gradual improvement in ROA thereafter, with a significant increase to 14.71% by December 2023. This upward trend continued until March 2024, with an ROA of 14.16%. The latest available data for September 2024 shows an ROA of 12.00%.
Overall, the ROA performance of Starbucks Corporation has been volatile, with fluctuations in profitability relative to its asset base. The company seems to have made efforts to enhance its efficiency in generating profits from its assets, as evidenced by the improving trend in ROA since March 2021. Monitoring this metric will be essential to assess the company's ability to effectively utilize its assets to drive profitability in the future.
Peer comparison
Sep 30, 2024
See also:
Starbucks Corporation Return on Assets (ROA) (Quarterly Data)