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 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017
Net fixed asset turnover 4.92 4.56 3.77 4.12 4.17 4.55
Net fixed asset turnover (including operating lease, right-of-use asset) 2.21 1.99 1.64 4.12 4.17 4.55
Total asset turnover 1.15 0.93 0.80 1.38 1.02 1.56
Equity turnover 21.14 4.11

Based on: 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).

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 improved from 2020 to 2021 and from 2021 to 2022.
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) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Starbucks Corp. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover

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

Microsoft Excel
Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017
Selected Financial Data (US$ in thousands)
Net revenues 32,250,300 29,060,600 23,518,000 26,508,600 24,719,500 22,386,800
Property, plant and equipment, net 6,560,500 6,369,500 6,241,400 6,431,700 5,929,100 4,919,500
Long-term Activity Ratio
Net fixed asset turnover1 4.92 4.56 3.77 4.12 4.17 4.55
Benchmarks
Net Fixed Asset Turnover, Competitors2
Carnival Corp. & plc 0.31 0.05 0.15 0.55 0.53 0.51
McDonald’s Corp. 0.98 0.94 0.77 0.87 0.92
Net Fixed Asset Turnover, Sector
Consumer Services 0.98 0.78 0.70 1.00 1.01
Net Fixed Asset Turnover, Industry
Consumer Discretionary 3.17 3.00 2.95 3.23 3.19

Based on: 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).

1 2022 Calculation
Net fixed asset turnover = Net revenues ÷ Property, plant and equipment, net
= 32,250,300 ÷ 6,560,500 = 4.92

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 improved from 2020 to 2021 and from 2021 to 2022.

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 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017
Selected Financial Data (US$ in thousands)
Net revenues 32,250,300 29,060,600 23,518,000 26,508,600 24,719,500 22,386,800
 
Property, plant and equipment, net 6,560,500 6,369,500 6,241,400 6,431,700 5,929,100 4,919,500
Operating lease, right-of-use asset 8,015,600 8,236,000 8,134,100
Property, plant and equipment, net (including operating lease, right-of-use asset) 14,576,100 14,605,500 14,375,500 6,431,700 5,929,100 4,919,500
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.21 1.99 1.64 4.12 4.17 4.55
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Carnival Corp. & plc 0.30 0.05 0.14 0.55 0.53 0.51
McDonald’s Corp. 0.64 0.61 0.50 0.56 0.92
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Consumer Services 0.74 0.59 0.52 0.83 1.01
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Discretionary 2.50 2.37 2.35 2.81 3.19

Based on: 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).

1 2022 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)
= 32,250,300 ÷ 14,576,100 = 2.21

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) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

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

Microsoft Excel
Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017
Selected Financial Data (US$ in thousands)
Net revenues 32,250,300 29,060,600 23,518,000 26,508,600 24,719,500 22,386,800
Total assets 27,978,400 31,392,600 29,374,500 19,219,600 24,156,400 14,365,600
Long-term Activity Ratio
Total asset turnover1 1.15 0.93 0.80 1.38 1.02 1.56
Benchmarks
Total Asset Turnover, Competitors2
Carnival Corp. & plc 0.24 0.04 0.10 0.46 0.45 0.43
McDonald’s Corp. 0.46 0.43 0.36 0.44 0.64
Total Asset Turnover, Sector
Consumer Services 0.52 0.39 0.36 0.61 0.65
Total Asset Turnover, Industry
Consumer Discretionary 0.96 0.89 0.84 0.94 0.96

Based on: 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).

1 2022 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 32,250,300 ÷ 27,978,400 = 1.15

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 improved from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

Starbucks Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Oct 1, 2017
Selected Financial Data (US$ in thousands)
Net revenues 32,250,300 29,060,600 23,518,000 26,508,600 24,719,500 22,386,800
Shareholders’ equity (deficit) (8,706,600) (5,321,200) (7,805,100) (6,232,200) 1,169,500 5,450,100
Long-term Activity Ratio
Equity turnover1 21.14 4.11
Benchmarks
Equity Turnover, Competitors2
Carnival Corp. & plc 1.72 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
Equity Turnover, Industry
Consumer Discretionary 4.33 3.77 4.51 5.15 4.92

Based on: 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).

1 2022 Calculation
Equity turnover = Net revenues ÷ Shareholders’ equity (deficit)
= 32,250,300 ÷ -8,706,600 =

2 Click competitor name to see calculations.