Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Starbucks Corp., ROA, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).

1 US$ in thousands


The financial data reveals significant trends in net earnings, total assets, and return on assets (ROA) over the years. Net earnings attributable to the company exhibit considerable fluctuations, with notable peaks and troughs. The earliest period shows moderate earnings growth followed by a sharp decline in certain years, particularly around 2008 and 2013, with the lowest earnings recorded. Subsequently, net earnings recover strongly, reaching the highest levels in 2014 and 2018, although there is marked volatility in the recent years, including a sharp decline in 2020 which coincides with a global economic disruption.

Total assets demonstrate a generally upward trajectory over the timeframe, indicating ongoing asset accumulation and expansion. Despite some variations, the overall trend reflects substantial growth from 2005 to 2025, with a pronounced increase beginning around 2014. The asset base almost triples from the earliest to the latest period, suggesting significant investment or acquisition activities contributing to the company’s growth.

The ROA percentage shows a variable pattern closely tied to fluctuations in net earnings relative to asset size. Initial periods depict solid returns on assets, often exceeding double-digit percentages. A sharp decline occurs during 2008, mirroring the dip in net earnings, followed by a recovery phase characterized by high ROA values until around 2013, when it precipitously drops to near zero. Subsequently, ROA returns to robust levels with some volatility, but generally remains within a range suggesting effective asset utilization. Recent years indicate a downward trend in ROA with notable decreases in 2020 and 2025, reflecting challenges in generating proportional earnings from the asset base.

Net Earnings
Experienced substantial volatility, including significant dips in 2008, 2013, and 2020, alongside periods of strong recovery and peak earnings notably around 2014 and 2018.
Total Assets
Showed consistent long-term growth with a considerable increase post-2014, indicating expansion in asset holdings and likely investments or acquisitions.
Return on Assets (ROA)
Fluctuated with earnings cycles, declining sharply in 2008 and 2013, then recovering, but presenting a declining trend in the most recent years, suggesting reduced efficiency in asset utilization during those periods.

Overall, the financial indicators suggest a company with a history of aggressive growth and expansion, subject to external economic impacts and internal performance variance, particularly visible in earnings volatility and ROA fluctuations. The substantial growth in assets paired with variable profitability metrics indicates a need to monitor asset efficiency to sustain long-term profitability.


Comparison to Competitors

Starbucks Corp., ROA, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-10-01), 10-K (reporting date: 2016-10-02), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-10-02), 10-K (reporting date: 2010-10-03), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-10-01), 10-K (reporting date: 2005-10-02).


Comparison to Sector (Consumer Services)


Comparison to Industry (Consumer Discretionary)