Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)
Net Fixed Asset Turnover
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Total Asset Turnover
Equity Turnover

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

	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.

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

	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.

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

	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.

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

	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.

Starbucks Corp., equity turnover calculation, comparison to benchmarks

	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.

Starbucks Corp. (NASDAQ:SBUX)

Analysis of Long-term (Investment) Activity Ratios

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

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

Total Asset Turnover

Equity Turnover