Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

Starbucks Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 28, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Jan 1, 2023 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Jan 2, 2022 Oct 3, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Assets held for sale
Current assets
Long-term investments
Equity investments
Property, plant and equipment, net
Operating lease, right-of-use asset
Deferred income taxes, net
Other long-term assets
Other intangible assets
Goodwill
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-Q (reporting date: 2023-01-01), 10-K (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-Q (reporting date: 2022-01-02), 10-K (reporting date: 2021-10-03), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29).


The composition of assets for the analyzed entity exhibits several notable trends over the observed period. Current assets, as a percentage of total assets, demonstrate considerable fluctuation. Initially, around 21% in late 2019 and early 2020, they increased significantly, peaking at 31.08% in late 2021, before declining to approximately 21-22% in mid-2024. A substantial increase is then observed in late 2025, reaching 37.30%, largely driven by a significant rise in assets held for sale.

Long-term assets consistently represent the majority of the asset base, generally ranging between 73% and 79% of total assets. However, a noticeable shift occurs in late 2025, with long-term assets decreasing to 62.70% of the total, coinciding with the increase in current assets.

Cash and Cash Equivalents
The proportion of cash and cash equivalents to total assets shows volatility, ranging from a low of 8.44% to a high of 20.56%. A general upward trend is observed from late 2019 through late 2021, followed by a decline and subsequent stabilization around 10-12% through mid-2024. A decrease is noted in late 2025.
Short-Term Investments
Short-term investments as a percentage of total assets remain relatively small, generally below 1.36%. There is a noticeable increase in late 2022 and early 2023, peaking at 1.36% and 1.33% respectively, before declining again. Fluctuations are present throughout the period, but the overall contribution remains modest.
Accounts Receivable, Net
Accounts receivable, net, maintains a relatively stable percentage of total assets, fluctuating between approximately 3% and 4.2%. A slight upward trend is visible through late 2022, followed by a stabilization and minor decline in subsequent periods.
Inventories
Inventories exhibit a more pronounced trend. Starting at 5.08% in late 2019, they increased to a peak of 7.78% in late 2022, indicating a potential build-up of stock. A subsequent decline is observed through mid-2024, followed by a slight increase in late 2024 and 2025. The inventory levels remain elevated compared to the beginning of the analyzed period.
Property, Plant and Equipment, Net
Property, plant, and equipment, net, consistently represents a significant portion of long-term assets, generally between 20% and 27% of total assets. A gradual upward trend is observed throughout the period, suggesting ongoing investment in fixed assets.
Operating Lease, Right-of-Use Asset
The operating lease, right-of-use asset, is a substantial component of the asset base, consistently representing around 26-30% of total assets. The proportion remains relatively stable throughout the analyzed period.
Goodwill
Goodwill represents a significant portion of long-term assets, initially around 12-13%. A downward trend is observed from late 2021 through late 2025, decreasing to 4.07%, potentially indicating impairment or strategic adjustments.

The significant increase in ‘Assets held for sale’ in late 2025 warrants further investigation, as it substantially alters the asset composition and suggests a potential strategic shift or divestiture activity. The fluctuations in current assets, particularly the rise and fall of cash and cash equivalents and inventories, suggest dynamic working capital management practices.