Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Starbucks Corp., long-term (investment) activity ratios

Microsoft Excel
Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017 Oct 2, 2016
Net fixed asset turnover 4.56 3.77 4.12 4.17 4.55 4.70
Net fixed asset turnover (including operating lease, right-of-use asset) 1.99 1.64 4.12 4.17 4.55 4.70
Total asset turnover 0.93 0.80 1.38 1.02 1.56 1.49
Equity turnover 21.14 4.11 3.62

Based on: 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Starbucks Corp. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Starbucks Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Starbucks Corp. total asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Net Fixed Asset Turnover

Starbucks Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017 Oct 2, 2016
Selected Financial Data (US$ in thousands)
Net revenues 29,060,600  23,518,000  26,508,600  24,719,500  22,386,800  21,315,900 
Property, plant and equipment, net 6,369,500  6,241,400  6,431,700  5,929,100  4,919,500  4,533,800 
Long-term Activity Ratio
Net fixed asset turnover1 4.56 3.77 4.12 4.17 4.55 4.70
Benchmarks
Net Fixed Asset Turnover, Competitors2
Carnival Corp. & plc 0.05 0.15 0.55 0.53 0.51
McDonald’s Corp. 0.94 0.77 0.87 0.92 1.02
Net Fixed Asset Turnover, Sector
Consumer Services 0.78 0.70 1.00 1.01 1.01
Net Fixed Asset Turnover, Industry
Consumer Discretionary 3.00 2.96 3.24 3.21 3.14

Based on: 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).

1 2021 Calculation
Net fixed asset turnover = Net revenues ÷ Property, plant and equipment, net
= 29,060,600 ÷ 6,369,500 = 4.56

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Starbucks Corp. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Starbucks Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017 Oct 2, 2016
Selected Financial Data (US$ in thousands)
Net revenues 29,060,600  23,518,000  26,508,600  24,719,500  22,386,800  21,315,900 
 
Property, plant and equipment, net 6,369,500  6,241,400  6,431,700  5,929,100  4,919,500  4,533,800 
Operating lease, right-of-use asset 8,236,000  8,134,100  —  —  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 14,605,500  14,375,500  6,431,700  5,929,100  4,919,500  4,533,800 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 1.99 1.64 4.12 4.17 4.55 4.70
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Carnival Corp. & plc 0.05 0.14 0.55 0.53 0.51
McDonald’s Corp. 0.61 0.50 0.56 0.92 1.02
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Consumer Services 0.59 0.52 0.83 1.01 1.01
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Discretionary 2.37 2.36 2.83 3.21 3.14

Based on: 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).

1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 29,060,600 ÷ 14,605,500 = 1.99

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Starbucks Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Total Asset Turnover

Starbucks Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017 Oct 2, 2016
Selected Financial Data (US$ in thousands)
Net revenues 29,060,600  23,518,000  26,508,600  24,719,500  22,386,800  21,315,900 
Total assets 31,392,600  29,374,500  19,219,600  24,156,400  14,365,600  14,329,500 
Long-term Activity Ratio
Total asset turnover1 0.93 0.80 1.38 1.02 1.56 1.49
Benchmarks
Total Asset Turnover, Competitors2
Carnival Corp. & plc 0.04 0.10 0.46 0.45 0.43
McDonald’s Corp. 0.43 0.36 0.44 0.64 0.68
Total Asset Turnover, Sector
Consumer Services 0.39 0.36 0.61 0.65 0.71
Total Asset Turnover, Industry
Consumer Discretionary 0.89 0.84 0.95 0.97 0.93

Based on: 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).

1 2021 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 29,060,600 ÷ 31,392,600 = 0.93

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Starbucks Corp. total asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Equity Turnover

Starbucks Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017 Oct 2, 2016
Selected Financial Data (US$ in thousands)
Net revenues 29,060,600  23,518,000  26,508,600  24,719,500  22,386,800  21,315,900 
Shareholders’ equity (deficit) (5,321,200) (7,805,100) (6,232,200) 1,169,500  5,450,100  5,884,000 
Long-term Activity Ratio
Equity turnover1 21.14 4.11 3.62
Benchmarks
Equity Turnover, Competitors2
Carnival Corp. & plc 0.16 0.27 0.82 0.77 0.72
McDonald’s Corp.
Equity Turnover, Sector
Consumer Services 24.39 9.81 6.26 3.34 2.38
Equity Turnover, Industry
Consumer Discretionary 3.75 4.51 5.14 4.86 4.61

Based on: 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).

1 2021 Calculation
Equity turnover = Net revenues ÷ Shareholders’ equity (deficit)
= 29,060,600 ÷ -5,321,200 =

2 Click competitor name to see calculations.